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TFI Buys UPS Freight for $800 Million

UPS Freight’s LTL operations will now operate independently in part with TFI’s own truckload business segment, TForce Freight. Based in Montreal, TForce Freight will continue to serve UPS’ ongoing LTL distribution needs, and UPS will continue to provide freight volumes and other services to TForce Freight. Generating about $3 billion in revenue last year, UPS Freight is hoped to improve efficiency, productivity, and help expand UPS to the Canadian market, all for $800 million. | Read more