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RXO, a freight broker based in Charlotte, North Carolina, said acquiring Coyote will nearly double the company, to $7.1 billion in annual rev UPS agrees to sell its freight-brokerage division for ...
In January 2021, UPS announced it had agreed to sell UPS Freight, its less-than-truckload freight business, to TFI International, a Canadian transport and logistics company, for $800 million. UPS said the move would allow it to focus on small-package delivery. At the time of the sale, UPS Freight had about 14,500 employees, approximately 11,000 ...
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]
Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. [4] It was founded in 1997 by Ken Oaks in Cincinnati, and is headquartered in nearby Union Township, Clermont County, Ohio, United States.
XPO provides dedicated truckload, LTL, truck brokerage, managed transportation, last mile and freight forwarding in Europe. [44] The company also manages multimodal solutions, such as road-rail and road-short sea combinations. [45] 1,000 new drivers were hired in the U.K. and Ireland in 2022. [46] [47]
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