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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 ...
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 ...
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.
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 ...
United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. [1] Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company [6] and one of the world's largest shipping couriers.
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 ...
The acquisition created a business unit with over US$500 million in annual revenues for truckload freight. [4] On October 31, 2015, XPO, Inc., headquartered in Greenwich, Connecticut, acquired Con-way Truckload. On October 27, 2016, XPO, Inc. sold the truckload division to the Canadian-based company TFI International. [5]