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UPS' forwarding and logistics business provides services in more than 175 countries and territories worldwide and includes worldwide supply chain design, execution and management, freight forwarding and distribution, customs brokerage, mail and consulting services. Other business units within this segment include The UPS Store and UPS Capital. [81]
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.
However, for UPS the expected synergies did not materialize to the extent expected and the company decided to sell off its freight business and refocus on small package services. [44] [45] 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]
As part of the 2004 purchase of Menlo Worldwide Forwarding, a second expansion was completed in 2006 to expand heavy-freight operations in the UPS systems; similar expansions were added to the largest UPS hubs in the United States. From 2006 to 2010, a third expansion added over 1 million square feet to the Worldport facility (to 5.2 million ...
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 ...
XPO is the second largest provider of less-than-truckload services in North America. [39] [40] LTL is a freight model which involves shipping smaller quantities of goods for multiple customers at a time. [41] In 2022, XPO's CEO stated that the company operates in 99% of US zip codes. [42]
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