UPS Freight

TFI International bought UPS Freight with plans to make the LTL carrier "lean and mean," a turn of phrase CEO Alain Bédard likes to use. While the company is implementing that strategy, including recent cuts to salespeople, one thing it needs more of is truck drivers.  As of late July, Montreal-...

TFI International's dramatic improvement to the profitability of the former UPS Freight (NYSE: UPS) business came as the Canadian company began confronting the "low-hanging fruit" of the LTL carrier's unprofitable freight and shippers, CEO Alain Bedard said.  "We just scratched the surface,"...

UPS Inc.'s (NYSE: UPS) sale of its less-than-truckload business, UPS Freight, to Canadian firm TFI International Inc. (NYSE: TFII) works out well for both parties as it relieves UPS of a noncore, low-margin asset and puts the business in the hands of a more freight-centric carrier, UPS CEO Carol...

UPS Inc. (NYSE: UPS) CEO Carol Tomé has pulled the plug on the company's often-difficult 15-year foray into the less-than-truckload business. The Atlanta-based giant's $800 million sale of UPS Freight to Canadian concern TFI International Inc. (NYSE and TSX: TFII), reflects Tomé's belief that LTL...

Virginia recently became the first state to impose enforceable COVID-19 safety requirements in the workplace — not just guidelines — which has the trucking industry scrambling to figure out how the new law will affect drivers and operations. The final rule, made public July 17 by the Virginia...