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

United Parcel Service, Inc. UPS recently announced that it has inked a deal to purchase MNX Global Logistics (“MNX”), a time-critical logistics provider. Subject to customary regulatory review and ...

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 ...

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.