TFI hints at closer UPS ties beyond their $800M deal - Freight Waves
The CEO of TFI International (NYSE:TFII) hinted on Wednesday that the Canadian trucking and logistics company may be pursuing closer ties with UPS (NYSE:UPS) beyond the $800 million acquisition of its less-than-truckload division, UPS Freight.
“Don’t forget this discussion that we’re having with our friends in Atlanta,” Alain Bedard told financial analysts. “I think it may be way more than a transaction that we should be closing on soon.”
Bedard made the remarks after TFI posted its first-quarter financial results on Tuesday. Without naming UPS directly, he appeared to suggest that one area of potential collaboration could be with TFI’s Canada-based package and courier business, which includes parcel carrier Canpar.
The CEO of TFI International (NYSE:TFII) hinted on Wednesday that the Canadian trucking and logistics company may be pursuing closer ties with UPS (NYSE:UPS) beyond the $800 million acquisition of its less-than-truckload division, UPS Freight.
“Don’t forget this discussion that we’re having with our friends in Atlanta,” Alain Bedard told financial analysts. “I think it may be way more than a transaction that we should be closing on soon.”
Bedard made the remarks after TFI posted its first-quarter financial results on Tuesday. Without naming UPS directly, he appeared to suggest that one area of potential collaboration could be with TFI’s Canada-based package and courier business, which includes parcel carrier Canpar.
