TFI International Inc. (TFI) is buying UPS Freight, the less-than-truckload (LTL) and dedicated truckload (TL) division of United Parcel Service Inc., for $800 million, the two companies announced.

Transportation stocks are gaining from tighter freight capacity, stronger pricing and improving earnings prospects across ...

TFI International Inc. is acquiring UPS Freight in an $800 million deal that company leaders said aligns with their businesses’ individual and shared goals. Under the deal, announced Jan. 25, UPS ...

[Stay on top of transportation news: Get TTNews in your inbox.] TFI International Inc. reported an increase in both profits and revenue in the fourth quarter as it works toward completion of its ...

– Combined LTL networks in the United States and Canada projected to provide most extensive North American coverage, accelerating industrial and e-commerce growth opportunities – “In particular, we ...

The long struggle at TFI International (NYSE: TFII) to turn around its U.S. LTL operations showed just a few signs of improvement in the third quarter. The one key metric that was a step in the right ...

UPS said it is selling its freight unit for $800 million to Canadian trucking company TFI International Inc. as part of its “better not bigger” strategy. UPS Freight, which trucks bulk shipments from ...

The most compelling evidence of a market shift lies within TFI International’s Less-Than-Truckload (LTL) segment, its largest division by revenue. The segment underwent a dramatic intra-quarter ...

The decision to sell UPS Freight was reached following an evaluation of the UPS portfolio and aligns with the company’s “better not bigger” strategic positioning, UPS said in a press release. The ...