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RXOBearishM&Anews
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Cramer: UPS stock is ‘hard to own' after selling Coyote Logistics to RXO

Jun 24, 2024, 12:25 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Jim Cramer criticizes UPS for selling Coyote Logistics to RXO for less money. - RXO gains access to carriers and customers, but Cramer doubts UPS stock outlook. - RXO anticipates boosted earnings from the Coyote acquisition, moving up in the freight brokerage industry. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Industry News

  • Jim Cramer criticizes UPS for selling Coyote Logistics to RXO for less money.
  • RXO gains access to carriers and customers, but Cramer doubts UPS stock outlook.
  • RXO anticipates boosted earnings from the Coyote acquisition, moving up in the freight brokerage industry.

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