 UPS is selling off its freight brokerage business. UPS says it agreed to sell its Coyote Logistics Division to RXO for just over a billion dollars. UPS CEO Carol Tomei says the sale will help her company focus on its core package delivery business. Freight brokers are middlemen between shippers and carriers such as UPS. RXO is a freight broker based in Charlotte, North Carolina. That is Jeremy House. Many new California laws set to go into effect.