Nine years after it was founded, Coyote Logistics is planning to sell shares to the public.
The Chicago-based logistics company is eyeing an initial public offering later this year that may value the firm at more than $2 billion, according to a report in the Wall Street Journal.
Coyote, which specializes in trucking logistics, serves a wide range of customers, from food firms to heavy industry. The company arranges transportation of more than 6,000 truckloads per day, working with some 40,000 carriers, according to its website.
Coyote has expanded rapidly over the last several years, reporting 1,237 employees, 915 of whom were based here, and more than $1 billion in revenue as of May 2014, according to Crain's annual list of the area's fastest-growing companies for last year.
A significant part of the growth came last year, via a merger, when Coyote and a Tennessee company that focused on multimodal transportation joined forces, expanding Coyote's employee base by around 450 people and bringing in about $500 million in revenue.
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