TFI strikes $800M pact for UPS Freight
January 27, 2021- Share:
UPS has agreed to sell its UPS Freight unit to TFI International for $800 million, marking an exit for the postal giant from the less-than-truckload shipping business. UPS acquired the Virginia-based freight unit, which was previously known as Overnite, for $1.25 billion in 2005. UPS Freight has about 14,500 employees across North America, with estimated revenue of about $3.15 billion in 2020.
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