TopMark Funding-Logo
Search
  • DealerLinc
  • Dealers
  • Truck Financing
    • Semi Truck Financing
      • Fleet Financing
      • Semi Truck Lease
      • Semi Truck Loan
      • New Semi Trucks
      • Used Semi Trucks
      • Tractor Trailers
      • Owner Operator
      • Sleeper Cab Financing
      • Day Cab Financing
      • Apply Now
    • Trailer Financing
      • Reefer Trailer Financing
      • Dry Van Trailer Financing
      • Flatbed Trailer Financing
      • Dump Trailer Financing
      • Lowboy Trailer Financing
      • Tanker Trailer Financing
      • Drop Deck Trailer Financing
      • RGN Trailer Financing
      • Heavy Haul Trailer Financing
      • Apply Now
    • Commercial Truck Financing
      • Dump Truck Financing
      • Box Truck Financing
      • Straight Truck Financing
      • Utility Truck Financing
      • Work Truck Financing
      • Bucket Truck Financing
      • Garbage Truck Financing
      • Grapple Truck Financing
      • Commercial Fleet Financing
      • Apply Now
    • Commercial Vehicle Financing
      • Amazon Delivery Van Financing
      • Cargo Van Financing
      • Moving Van Financing
      • Sprinter Van Financing
      • Emergency Vehicle Financing
      • Ambulance Financing
      • Taxi Cab Financing
      • Apply Now
    • Transport Vehicle Financing
      • Bus Financing
      • Motor Coach Financing
      • Tour Bus Financing
      • Shuttle Bus Financing
      • Limousine Financing
      • Limo Bus Financing
      • Passenger Van Financing
      • Apply Now
  • Heavy Equipment Financing
    • Dump Truck Financing
    • Excavators Financing
    • Loaders Financing
    • Backhoes Financing
    • Bulldozer Financing
    • Wheel Tractor Scraper Financing
    • Dragline Excavator Financing
    • Paving Machine Financing
    • Graders Financing
    • Trenchers Financing
    • Compactor Financing
    • Telehandler Financing
    • Tower Crane Financing
    • Feller Buncher Financing
    • Pile Driving Equipment
    • Concrete Pump Financing
    • Cement Truck Financing
    • Construction Vehicle Financing
  • Equipment Financing
    • Medical Equipment Financing
    • Business Equipment Financing
    • Computer Hardware Financing
    • IT Equipment Financing
    • Software Financing
    • Apply Now
  • Business Loans
    • Small Business Loans
    • Working Capital
    • Merchant Cash Advance
    • Apply Now
  • About Us
    • DealerLinc
    • Dealers Partners
    • About Us
    • In The News
    • Our Reviews
    • Contact Us
    • Referrals
    • FAQ
    • Careers
    • Blog
  • Blog
    • Semi Trucks
    • Guides
    • Business
    • Finance
  • Get a Quote
  • (866) 627-6644
TopMark Funding BBB Business Review
Trustpilot
UPS_Sells_UPS_Freight_to_TFI_International
January 27 2021

UPS Sells UPS Freight to TFI International

TopMark Funding Business, Commercial Trucking, Financial news, News, Trucking Companies 0

United Parcel Service, the largest trucking company in the nation, is about to get a lot smaller. It is selling its less-than-truckload and truckload business, UPS Freight, to TFI International to the tune of $800 million.

Background of UPS Freight

This is not the first time the subsidiary changed hands. In 2005, UPS purchased the Overnite Transportation Company from Union Pacific Corporation for $1.25 billion. This company was rebranded into UPS Freight.

At an $800 million price tag, UPS Freight is being sold for a loss so that UPS can better focus on its last-mile delivery service, which has become more profitable than ever due to the coronavirus pandemic. Amazon has announced its intentions to start its own logistics network rather than relying on UPS, so UPS will be filling the delivery needs of smaller businesses, ranging from well-established store brands to small internet sellers.

Background of TFI International

While not as well-known in the United States as the United Parcel Service, TFI International is the owner of the largest trucking fleet in Canada. They own dozens of subsidiaries, including:

  • Dynamex: a last-mile courier not unlike UPS’ primary operations.
  • Highland: a delivery company specializing in ocean containers delivering from the eastern coast of Canada and the United States.
  • Rebel Transport: transportation of heavy machinery used in oil and construction industries.
  • Stream Logistics: specializes in what it calls “High Stakes Freight”, items that are both fragile and expensive, such as computer servers and custom-made windows.

The purchase of UPS Freight, which will be renamed once again into TForce Freight, further expands TFI International’s portfolio of business. TFI International believes that it can run a tighter business to better realize the $3 billion in annual revenue that UPS Freight brings in annually.

Conclusion

Both UPS and TFI International believe they benefited from this transaction in different ways. By focusing on final-mile delivery, UPS can realize a higher return-on-investment, and plans to use the $800 million obtained from the transaction to pay down long-term debt. By purchasing the LTL and truckload network, TFI International can expand its scope of business to cover more of North America. The deal is expected to finalize in the second quarter of this year.

CORONAVIRUS [COVID-19] UPDATES AND ARTICLES

  • Trucker’s Guide to When Every State is Reopening
  • FMSCA Extends Hours of Service Relief Declaration
  • How Truck Drivers Can Keep Their Cabs Clean During COVID-19
  • International Roadcheck Delayed Over COVID-19 Fears
  • Pennsylvania Reopens (Some) Rest Stops
  • Truck Dealers Seek “Essential Status”
  • Navistar And Paccar Halt Production
  • Mack And Volvo Suspend Truck Production
  • Fmcsa Expands Its COVID-19 Response

#THANKATRUCKER

ABOUT TOPMARK FUNDING

TopMark Funding is a top-rated semi-truck financing and trailer financing company located in Roseville, CA. We specialize in commercial trucking and heavy equipment. Our mission is to become your long-term financial partner by helping you grow your trucking business and fleet.

We’re not here for the short-term, we’re on the long-haul with you!

We have financing options for trailers, semi-trucks, commercial trucks, and small businesses. We have great rates, low down payments, and flexible monthly payments regardless of credit history.

Learn more about Trailer Financing.

Fill out the contact form or give us a call at (866) 627-6644. One of our truck financing specialists will contact you as soon as possible to go over your truck lease needs and learn more about you and your business financing goals.

Post Views: 167
Meera Joshi to Become FMCSA Deputy Administrator January 2021: Flatbed Rates Rise, Others Stumble

Related Posts

February_2021_Rates_and_Trend_Lines_Rise

Business, Commercial Trucking, Freight Rates, News

February 2021: Rates and Trend Lines Rise

January_2021_Trailer_Sales_Follow_Truck_Sales_Footsteps

Business, Commercial Trucking, News

January 2021: Trailer Sales Follow Truck Sales’ Footsteps

Department_of_Labor_Changes_Direction_on_Sleeper_Berth_Pay

Business, Commercial Trucking, News, Regulations, Semi Trucks

Department of Labor Changes Direction on Sleeper Berth Pay

Search

Blue Semi Truck

Follow Us

Subscribe

* indicates required

Recent Posts

  • February 2021: Rates and Trend Lines Rise
  • January 2021: Trailer Sales Follow Truck Sales’ Footsteps
  • Department of Labor Changes Direction on Sleeper Berth Pay
  • Biden Reverses Trump’s Executive Order 13801
  • FMCSA Declares Regional Emergency For Cold Snap

Categories

  • ATA (1)
  • DealerLinc (1)
  • Press Releases (2)
  • Load Boards (3)
  • Tesla (4)
  • California (5)
  • Congress (5)
  • Nikola (5)
  • Fleet Management (6)
  • BLS (6)
  • Construction (8)
  • ACT (8)
  • Dealers (9)
  • CVSA (9)
  • President (10)
  • Financial news (11)
  • Entertainment (11)
  • Dump Trucks (11)
  • Freight Rates (11)
  • FTR (13)
  • How To (15)
  • Truck Financing (19)
  • Best Trucker (21)
  • Trucking Companies (27)
  • Opinion (37)
  • Finance (47)
  • Technology (50)
  • FMCSA (67)
  • Coronavirus (75)
  • Guides (91)
  • Regulations (107)
  • Business (145)
  • Semi Trucks (169)
  • Commercial Trucking (184)
  • News (187)

Archives

  • March 2021 (1)
  • February 2021 (11)
  • January 2021 (13)
  • December 2020 (16)
  • November 2020 (21)
  • October 2020 (20)
  • September 2020 (19)
  • August 2020 (20)
  • July 2020 (23)
  • June 2020 (22)
  • May 2020 (22)
  • April 2020 (15)
  • March 2020 (28)
  • February 2020 (25)
  • January 2020 (30)
  • December 2019 (20)
  • November 2019 (17)
  • October 2019 (7)
  • September 2019 (7)
  • August 2019 (15)
  • July 2019 (2)
  • June 2019 (5)
  • May 2019 (2)
  • April 2019 (8)
  • March 2019 (6)
  • February 2019 (2)
  • January 2019 (1)
  • December 2018 (3)
  • November 2018 (3)
  • October 2018 (3)
  • September 2018 (3)
  • August 2018 (1)
  • July 2018 (1)
  • June 2018 (1)
  • August 2017 (1)
  • April 2017 (1)
Trailer Financing - 300x600 Banner

Financing Programs

  • Dealers Financing
  • Semi Truck Leasing
  • Semi Truck Financing
  • Dump Truck Lease
  • Box Truck Leasing
  • Fleet Financing
  • Working Capital

Company Info

  • About Us
  • Reviews
  • Blog
  • Careers
  • FAQ
  • Referrals
  • Privacy Policy

Recent Articles

  • February 2021: Rates and Trend Lines Rise
  • January 2021: Trailer Sales Follow Truck Sales’ Footsteps
  • Department of Labor Changes Direction on Sleeper Berth Pay
  • Biden Reverses Trump’s Executive Order 13801
  • FMCSA Declares Regional Emergency For Cold Snap

Headquarters

516 Gibson Drive, Suite 160

Roseville, CA 95678

(866) 627-6644

TopMark Funding BBB Business Review