Drew Wilkerson, CEO of RXO, spoke about RXO’s recent acquisition of Coyote Logistics, implementing newly acquired technology and his thoughts on M&A in 2025.
Coyote’s senior managers and directors are believed to be targeted in the freight broker’s fourth round of job cuts this year.
In this edition: Cargo theft was on the rise over the holiday weekend; the Panama Canal wins a spot on bingo cards; and Coyote parts ways.
Coyote, a $5.2 billion freight broker, just announced layoffs again. The trucking industry is in a recession.
FreightWaves has also observed downward pressure on contract rates and the beginning of a capacity bleed-off.
P44-Reliance and UPS-AscendTMS pursuing different customers but with similar objective.
Insurgent digital brokerage apps are increasing their share of downloads while load boards are largely stagnant.
