ATLANTA (AP) - UPS is buying Coyote Logistics for $1.8 billion as it maneuvers for a slice of the burgeoning freight brokerage business.

ATLANTA (AP) UPS is buying Coyote Logistics for $1.8 billion as it maneuvers for a slice of the burgeoning freight brokerage business.

Coyote has helped support UPS in the past during the busy holiday season, the last two of which have caused headaches for the shipping giant.

Coyote booked revenue of $2.1 billion last year.

UPS said Friday that it expects the acquisition adding to its earnings next year. The Atlanta company anticipates the transaction could result in $100 million to $150 million in annual operating savings.

The deal is targeted to close within 30 days.