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UPS Subsidiaries
UPS Freight = TForce Freight
Did TFI CEO extend olive branch to Teamsters before UPS Freight deal?
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<blockquote data-quote="cheryl" data-source="post: 4760785" data-attributes="member: 1"><p><a href="https://www.freightwaves.com/news/did-tfi-ceo-extend-olive-branch-to-teamsters-before-ups-deal" target="_blank"><strong>Did TFI CEO extend olive branch to Teamsters before UPS Freight deal? - Freight Waves</strong></a></p><p></p><p>Three months before TFI International (<a href="https://www.barchart.com/stocks/quotes/TFII/overview" target="_blank">NYSE:TFII</a>) <a href="https://www.freightwaves.com/news/breaking-tfi-to-acquire-ups-freight-for-800m" target="_blank">announced the acquisition</a> of UPS’ (<a href="https://www.freightwaves.com/news/UPS" target="_blank">NYSE:UPS</a>) freight business, CEO Alain Bedard expressed a willingness to buy a unionized less-than-truckload operation and lauded the performance of the parcel giant with the Teamsters – and his own company’s experience with organized labor in Canada.</p><p></p><p>“If you look at the largest trucking company in the world, they’re unionized with the Teamsters and they do a fantastic job,” Bedard told financial analysts in October after TFI’s third-quarter financial results, referencing UPS without naming it. “Also with us, some of our operations in Canada are unionized and we do very well. We work with the union – not a problem at all.”</p><p></p><p>Bedard made the comments in October while discussing TFI’s plans to expand into the U.S. LTL market. At the time, the company was in the late stages of its agreement to buy UPS’ freight business, which includes more than 11,000 employees represented by the Teamsters in the U.S. and Canada.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4760785, member: 1"] [URL='https://www.freightwaves.com/news/did-tfi-ceo-extend-olive-branch-to-teamsters-before-ups-deal'][B]Did TFI CEO extend olive branch to Teamsters before UPS Freight deal? - Freight Waves[/B][/URL] Three months before TFI International ([URL='https://www.barchart.com/stocks/quotes/TFII/overview']NYSE:TFII[/URL]) [URL='https://www.freightwaves.com/news/breaking-tfi-to-acquire-ups-freight-for-800m']announced the acquisition[/URL] of UPS’ ([URL='https://www.freightwaves.com/news/UPS']NYSE:UPS[/URL]) freight business, CEO Alain Bedard expressed a willingness to buy a unionized less-than-truckload operation and lauded the performance of the parcel giant with the Teamsters – and his own company’s experience with organized labor in Canada. “If you look at the largest trucking company in the world, they’re unionized with the Teamsters and they do a fantastic job,” Bedard told financial analysts in October after TFI’s third-quarter financial results, referencing UPS without naming it. “Also with us, some of our operations in Canada are unionized and we do very well. We work with the union – not a problem at all.” Bedard made the comments in October while discussing TFI’s plans to expand into the U.S. LTL market. At the time, the company was in the late stages of its agreement to buy UPS’ freight business, which includes more than 11,000 employees represented by the Teamsters in the U.S. and Canada. [/QUOTE]
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