When did TFI buy UPS Freight?

Why did TFI buy 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.

How much did TFI pay for UPS Freight?

TFI International (NYSE:TFII) has completed its $800 million acquisition of UPS Freight (NYSE:UPS), the Canadian trucking and logistics firm said Friday as it ushered in a new era as one of the largest less-than-truckload carriers in North America. It came three months after TFI and UPS announced the deal in January.

When did TForce buy UPS Freight?

Just two months after buying DLS Worldwide, TFI International Inc., a Canadian transportation and logistics company, announced their plans to buy UPS Freight for $800 million. The deal was announced in late January 2021 and officially completed on April 30th.

Will TFI keep UPS Freight Union?

The sale of UPS Freight to TFI does not impact any terms or conditions covered under the Collective Bargain Agreement. Does this impact the Teamsters unions? No. The unions continue to represent the same employees and the labor agreements remain in place.

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What companies does TransForce own?

TransForce, which owns many delivery and transportation businesses, operates across North America under names such ac as Canpar, ATS Retail Solutions, Canadian Freightways, and Quik X.

Is TFI International a good buy?

TFI International Inc(TFII-T) Rating

A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Does TFI International own any union companies?

TFI is a major trucking and transport corporation which operates a number of trucking companies, primarily based in Canada. They have acquired truckload, logistics, courier and LTL companies. Some of them are union, with contracts with Teamsters Canada, and a few in Missouri are in the Teamsters.

How much does TFI International pay their drivers?

TFI International Salary FAQs

The salary starts at $56,016 per year and goes up to $55,994 per year for the highest level of seniority.

Who owns TFI trucking?

(NYSE:UPS) for $800 million in cash, will consider renting out space in UPS Freight’s terminals to other trucking companies, TFI Chairman, President and CEO Alain Bedard told analysts.