How long has UPS Freight been in business?

Why did they sell UPS Freight?

Carol Tomé, UPS’s CEO since June 2020, explained in a statement that the sell-off is part of the company’s “better not bigger” strategy, which involves divesting businesses that weren’t a good fit for the company’s current and future plans.

Is UPS and UPS Freight the same company?

The company was founded in 1935 as Overnite Transportation, the name it used until 2006 when it was rebranded UPS Freight by new owner UPS. Its name changed to TForce Freight in 2021 when UPS sold the company to TFI.

Will UPS Freight Stay Union?

No. The unions continue to represent the same employees and the labor agreements remain in place. What happens with my hourly rate, vacations, pension, etc.? For union-represented UPS Freight employees, all terms and conditions such as pay, healthcare, and retirement will stay the same.

How much did UPS Freight sale for?

On Jan. 25, UPS announced it had reached an agreement to sell UPS Freight to TFI International for $800 million.

How many trucks does UPS Freight have?

UPS operates over 119,000 delivery vehicles worldwide, ranging from bicycles to tractor-trailer trucks.

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