Logistics giant United Parcel Services has entered into an agreement to sell UPS Freight to TFI International for $800 million, subject to working capital and other adjustments.
Carol Tomé, UPS CEO, says: “We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International.
“The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” [Read more…] about UPS sells UPS Freight to TFI International for $800 million