UPS buys Freightex to expand brokerage service


 

UPS has acquired specialist international and temperature-controlled load broker Freightex for an undisclosed sum, and will merge it with Coyote Logistics  – a similar business in North America that UPS acquired in August 2015. Tim Phillips, Freightex chief executive, will remain with the business – which will operate as a wholly-owned subsidiary of UPS, which said that there was a “significant cross border opportunity” to “expand UPS’s existing carrier base to create more value for customers and carriers from the […]