Can TFI International Inc. succeed when UPS Inc. could not? Beginning July 1 or thereabouts, the rubber will hit the road.
UPS’ (NYSE:UPS) decision to sell its troubled less-than-truckload (LTL) carrier, UPS Freight, to Montreal-based TFI (NYSE and TSX: TFII) puts the LTL industry, for the most part, in Big Brown’s rearview mirror. UPS will no longer spend millions of dollars a year to prop up a noncore business whose margins and operating ratio — the ratio of expenses to revenues — have become...
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