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UPS Selling Freight Unit in $800 Million Deal

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

UPS has entered into a definitive agreement to sell UPS Freight to TFI International Inc. for $800 million, subject to working capital and other adjustments. UPS said the decision to sell UPS Freight was reached following a thorough evaluation of the company’s portfolio and aligns with its “better not bigger” strategic positioning. “We’re excited about…

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