Comment / Analysis: The $800m UPS Freight sale to TFI – two sides of the same coin

ACoin

By Alessandro Pasetti

27/01/2021

Sharp-minded UPS CEO Carol Tomé has done more good in just over six months than David Abney did in six years – the latest $800m divestment of UPS Freight to Canada’s TFI International is unequivocal proof of that.

In Abney’s defence, he didn’t have a chance to bank on Covid-19 before he left. Yet the latest message from the new chief is now one of full awareness: don’t rule out more corporate action from Tomé at UPS Supply Chain Solutions (UPS SCS) now that ...

Comment on this article

You must be logged in to post a comment.

Topics

FedEx Old Dominion Freight Line Takeover Talk TFI International UPS UPS Freight XPO Logistics

Most read news

CMA CGM South Korean staff strike over bonuses after bumper 2024 profit

MSC switches two more Asia-Europe port calls from congested Antwerp

Ports and supply chain operators weigh in on funding for CPB

Nightmare for Bangladeshi exporters as congestion and tariffs bite

Carriers introduce surcharges as congestion builds at African ports

Box ship overcapacity threat from carrier appetite for new tonnage

CMA airline returns two freighters, while ANA takeover of NCA looms

Tradelanes: Export boom in Indian sub-continent triggers rise in airfreight rates

DHL Global Forwarding – changing of the guard with Tim Scharwath set to exit

Tradelanes: Overcapacity on Asia-S America impacting alliances and rates

Trading tensions with the US may push Brazil closer to China

Don't rely on social media for tariff clarity, shippers warned

What the US can learn from Brexit as it cuts de minimis exemption

Rising number of empty US warehouses no harbinger of falling rates

Front-loading frenzy has made traditional H2 peak season 'unlikely'

Front-loading flurry leads to a record month at US west coast port