RXO-acquired freight broker forming #3 largest brokerage in North America
Coyote Logistics, now part of RXO following the $1.025 billion acquisition from UPS in September 2024, operates as one of the largest freight brokerages in North America. The combined RXO-Coyote entity is the 3rd largest freight broker behind C.H. Robinson and Total Quality Logistics. Founded in 2006 in Chicago, Coyote generated $3.2 billion in 2023 revenue with 100,000 network carriers handling 10,000 loads daily. The brokerage focuses on truckload (79% of volume), LTL (19%), and intermodal (2%) services with approximately 2,500 employees.
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