TFI International (NYSE:TFII) has completed its $800 million acquisition of UPS Freight (NYSE:UPS), the Canadian trucking and logistics firm said Friday as it ushered in a new era as one of the largest less-than-truckload carriers in North America.
It came three months after TFI and UPS announced the deal in January. It allows UPS to jettison the largely unprofitable LTL and dedicated truckload operation while giving TFI its most ambitious turnaround projects to date.
TFI did not offer any new...
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