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UPS Sells Freight Brokerage Operation to RXO
In 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.
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UPS' Domestic Margins Advancing, but Amazon Relationship to Ramp Down Materially
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 ...