Coyote Logistics Integration Ahead of Schedule
The integration of Coyote Logistics is ahead of schedule, with expected annualized cost synergies increased to at least $50 million, double the initial estimate.
Strong Performance in Complementary Services
Managed transportation sales pipeline is nearly $2 billion, up almost 50% from last quarter, and last mile stops grew by 15% year over year.
Record Brokerage Volume Growth
Brokerage volume increased by 10% sequentially from the third quarter, despite a year-over-year decline, indicating strong quarter-over-quarter growth.
Improved Liquidity Position
The liquidity position is the strongest in the company's history, with a $600 million undrawn revolver and quarter-end gross leverage at 1.7 times trailing twelve months pro forma adjusted EBITDA.