Transport Topics (January 26, 2021)

An episode of the Transport Topics podcast, hosted by Transport Topics, titled "Transport Topics (January 26, 2021)" was published on January 26, 2021 and runs 3 minutes.

January 26, 2021 ·3m · Transport Topics

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Summary

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’s less-than-truckload segment will operate independently within TFI’s LTL business segment with the new name of TForce Freight. The truckload assets will join TFI’s truckload operations. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episode Description

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’s less-than-truckload segment will operate independently within TFI’s LTL business segment with the new name of TForce Freight. The truckload assets will join TFI’s truckload operations. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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