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TForce Freight, a subsidiary of TFI International, is an American less than truckload (LTL) freight carrier based in Richmond, Virginia. [1] The company was founded in 1935 as Overnite Transportation, [2] the name it used until 2006 when it was rebranded UPS Freight by new owner UPS.
On August 5, 2005, UPS announced that it has completed its acquisition of less-than-truckload (LTL) trucking company Overnite Transportation for US$1.25 billion. [34] This was approved by the FTC and Overnite shareholders on August 4, 2005.
In 1986, the company acquired Overnite Transportation Company (now TForce Freight) for $1.2 billion. [11] At the time, it was the fifth largest trucking company in the United States and represented the expansion of Union Pacific east of the Mississippi River. It also created the first transcontinental transportation system in the United States ...
In March 2012, UPS announced its intention to acquire TNT Express for US$6.7 billion. [2] However, the deal fell through in January 2013, after it was announced that UPS had failed to obtain permission from the European Commission, and as such, had been blocked on competition grounds. [3] TNT Express truck in Plymouth, England in February 2010
In January 2021, TFI agreed to purchase UPS' LTL and truckload subsidiary UPS Freight for US$800 million. [40] At the time, the acquisition was the second largest deal in North American trucking history after the 2017 merger of Swift Transportation and Knight Transportation and made TFI one of the largest trucking companies in North America. [41]
United Parcel Service announced today that it has officially withdrawn its $7 billion acquisition offer for Netherlands-based TNT Express after nearly a year of European Commission regulatory ...
UPS Airlines is a major American cargo airline based in Louisville, Kentucky, US. [8] One of the largest cargo airlines worldwide in terms of freight volume flown, UPS Airlines flies to 815 destinations worldwide. [9]
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