TFI International has agreed to acquire UPS Freight for about $ 800 million, the Canadian trucking and logistics company said Monday.
The transaction represents TFI’s largest acquisition to date. This will dramatically increase the size of its cargo and less than cargo footprint in the United States.
“We are excited about this very attractive opportunity to extend our long-standing record of successful growth, which will overtake TFI International into one of the largest North American LTL airline companies,” said Alain Bedard, CEO of TFI, in a statement. statement said.
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