UPS is selling its UPS Freight less-than-truckload (LTL) unit to TFI International Inc., a Canadian holding company that is parent to truckload giant CFI and other transport entities, for $800 million, subject to working capital and other adjustments. The company will rebrand as “TForce Freight” under Canadian ownership.
Source: logistics Mgmt
TFI International buys UPS Freight for $800 million, rebranding as “TForce Freight”
Published in News, Logistics, 3PL, Transportation, Motor Freight,
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