UPS Announces Agreement to Sell UPS Freight to TFI International Inc.

posted on 25th January 2021 by Eddie Saunders
UPS Announces Agreement to Sell UPS Freight to TFI International Inc.

UPS, has entered into a definitive agreement to sell UPS Freight (UPSF) to TFI International Inc. for $800 million, subject to working capital and other adjustments.

“We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International Inc.,” said UPS Chief Executive Officer Carol Tomé. “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.”