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 Freight’s less-than-truckload business will operate independently within TFI’s LTL business segment under its new name, TForce Freight, while the dedicated truckload side will join TFI’s truckload business segment.
The companies also are entering an agreement under which TForce Freight will continue to utilize UPS’ domestic package network to fulfill shipments for a period of five years.
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