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UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday. The regulator agency said that UPS materially ...
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.
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 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 ...
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.
The ratification of the labor deal prevents freight workers at UPS from going on strike and crippling operations.