Freightex - a Europe-based asset-light provider of full truckload, LTL, refrigerated, and specialized road freight services – has announced the rebrand of the company to Coyote Logistics.
Freightex, founded in 2001 in Dover, U.K., was acquired by UPS in January 2017. The purchase came two years after UPS acquired Coyote Logistics in August 2015. The acquisition of Freightex helped establish both UPS and Coyote's presence in the growing European third-party logistics (3PL) market.
Coyote Logistics, founded in 2006 and headquartered in Chicago, Illinois, has been expanding its services globally over the past year and a half. After opening an office in Guadalajara, Mexico last year, Coyote had been planning to further expand its international footprint and was able to do so through UPS’s acquisition of Freightex, which has offices in the U.K., Poland, and the Netherlands.
“As Coyote Logistics expands into Europe, we will do so as a single, unified brand,” says Coyote President Jonathan Sisler. “This will foster the continued growth of the strong culture, innovative technology, and commitment to service that helped us to succeed in North America. Every Coyote employee is a part of the same global team, motivated by the same values and vision.”
Moving forward, Freightex will operate under the name Coyote Logistics as the company continues to expand its services across Europe. With more than one-half million road freight carriers currently operating in Europe, there are significant opportunities to expand Coyote’s existing carrier base to create more value for its customers and carriers.
“Over the last 12 months we have been able to enhance our European service levels by leveraging many of Coyote’s well-developed processes, particularly with respect to technology and training,” says European President Tim Phillips.
“The rebrand is a natural next step in our journey as we move forward with one clear brand and message of unity to our customers and carriers, many with whom we have global relationships.”
Coyote Logistics is exhibiting at Multimodal on stand 7049