Bloomberg reports that United Parcel Service Inc. hopes to buy Coyote Logistics LLC for about $1.8 billion. Confidential source say the deal is not yet written, but could become the third-largest logistics deal this year.
Back in April of this year, FedEx Corp. agreed to buy Dutch parcel-delivery company TNT Express NV for $4.8 billion. XPO Logistics Inc. agreed to buy European counterpart Norbert Dentressangle SA in a deal valued at $3.53 billion shortly thereafter. For additional information see InternetRetailer com.