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The SEC order said that in 2019 UPS determined that its freight division was likely to sell for no more than about $650 million. UPS will pay $45 million to settle charges that it improperly ...
UPS Inc.'s (NYSE: UPS) sale of its less-than-truckload business, UPS Freight, to Canadian firm TFI International Inc. (NYSE: TFII) works out well for both parties as it relieves UPS of a noncore ...
The TFI acquisition of UPS Freight was completed in April 2021 and nearly doubled TFI's size to US$6.5 billion in annual revenue. [46] The division's core LTL services were rebranded TForce Freight and would continue to operate out of the carrier's Richmond, Virginia headquarters. The smaller truckload business, representing about 10% of ...
TForce Freight, a subsidiary of TFI International, is an American less than truckload (LTL) freight carrier based in Richmond, Virginia. [1] The company was founded in 1935 as Overnite Transportation, [2] the name it used until 2006 when it was rebranded UPS Freight by new owner UPS.
TFI International's dramatic improvement to the profitability of the former UPS Freight (NYSE: UPS) business came as the Canadian company began confronting the "low-hanging fruit" of the LTL ...
TST Solutions L.P. (doing business as TST-CF Express) is a Canadian less than truckload (LTL) freight carrier located in Mississauga, Ontario, Canada.TST-CF offers nationwide Canadian service and partners with US-based LTL carrier Saia to provide international services to and from the United States. [3]
UPS Airlines is a major American cargo airline based in Louisville, Kentucky, US. [8] One of the largest cargo airlines worldwide in terms of freight volume flown, UPS Airlines flies to 815 destinations worldwide. [9] It has been a wholly owned subsidiary of United Parcel Service since its launch in 1988.
United Parcel Service said Sunday it agreed to sell its Coyote Logistics division to RXO for just over $1 billion — less than it paid for the freight-brokerage company in 2015 — to focus more ...