TForce Freight

Teamsters fight TForce Freight truck slowdowns

TForce Freight trucks sit parked at a company facility.

The Teamsters union is fighting a move by TFI International’s TForce Freight to cut the maximum speed of trucks from 68 to 65 mph.  

The union’s national negotiating committee for TForce quietly filed a charge with the National Labor Relations Board on July 12. It alleges that TForce, formerly UPS Freight, violated federal law by modifying the speed limiters without consulting the union and refusing to negotiate after the fact.

“Changing the speed governors directly impacts employee earning...

https://www.freightwaves.com/news/teamsters-fight-tforce-freight-truck-slowdowns

UPS CEO calls sale of UPS Freight to TFI a ‘win-win’

UPS Inc.’s (NYSE:UPS) sale of its less-than-truckload business, UPS Freight, to Canadian firm TFI International Inc. (NYSE and TSE: TFII) works out well for both parties as it relieves UPS of a noncore, low-margin asset and puts the business in the hands of a more freight-centric carrier, UPS CEO Carol Tomé said Tuesday.

The $800 million all-cash deal, which was announced last week, is expected to close at the start of the second quarter, Tomé (pictured) told analysts on a conference call...

https://www.freightwaves.com/news/ups-ceo-calls-sale-of-ups-freight-to-tfi-a-win-win

TFI still making deals, acquires Fleetway

TFI acquires Fleetway

One week removed from the $800 million blockbuster deal for UPS’ (NYSE:UPS) LTL division, UPS Freight, which netted it a top-5 market share in the less-than-truckload space, TFI International (NYSE: TFII) is back at it, this time acquiring a smaller truckload carrier.

The Canadian trucking and logistics company announced Monday the acquisition of Brantford, Ontario-based Fleetway Transport. The nearly 40-year-old company specializes in full TL shipments and heavy-haul flatbed loads.

Financial...

https://www.freightwaves.com/news/tfi-still-making-deals-acquires-fleetway

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