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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.
UPS could help end the ‘freight recession’ this year. It may have to raise prices first.
Analysts say deregulation, lower taxes under Trump could spur small-business investments and more shipments — but tariffs could weigh down volumes.
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FedEx Spins Off Trucking Unit to ‘Play Offense' in LTL Market
Separating the freight unit from the parcel delivery business follows a similar move UPS made in 2021. The difference is that UPS exited the industry entirely when it sold off its own LTL business ...
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UPS' US Domestic Margins Should See Progress in the Year Ahead
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 ...