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UPS Sells Freight Brokerage Operation to RXOIn 2021, the company sold its UPS Freight less-than-truckload unit, which combined multiple customer loads in a single trailer, to Canada-based trucking company TFI International for $800 million.
The truckload division at TFI saw a big jump ... are in the U.S., presumably owing primarily to that acquisition of UPS Freight. The adjusted earnings per share at TFI International were $1. ...
The company divested its less-than-truckload division, UPS Freight, in the second quarter of 2021 as part of CEO Carol Tomé's "better, not bigger" framework. In September 2023, UPS also divested ...
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