Transport Topics (January 26, 2021)
The for-hire trucking world saw a major change yesterday, as news broke that TFI International was acquiring UPS Freight in an $800 million deal. According to TFI, the UPS division generated about $3 billion in revenue last year and was approximately break-even from an operating income perspective. Under the deal, UPS Freight\u2019s less-than-truckload segment will operate independently within TFI\u2019s LTL business segment with the new name of TForce Freight. The truckload assets will join TFI\u2019s truckload operations.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices