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The Latest UPS Headlines
TFI hints at closer UPS ties beyond their $800M deal
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<blockquote data-quote="cheryl" data-source="post: 4845040" data-attributes="member: 1"><p><a href="https://www.freightwaves.com/news/tfi-hints-at-closer-ups-ties-beyond-their-800m-deal" target="_blank"><strong>TFI hints at closer UPS ties beyond their $800M deal - Freight Waves</strong></a></p><p></p><p>The CEO of TFI International (<a href="https://www.barchart.com/stocks/quotes/TFII/overview" target="_blank">NYSE:TFII</a>) hinted on Wednesday that the Canadian trucking and logistics company may be pursuing closer ties with UPS (<a href="https://www.barchart.com/stocks/quotes/UPS/overview" target="_blank">NYSE:UPS</a>) beyond the $800 million acquisition of its less-than-truckload division, UPS Freight.</p><p></p><p>“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.”</p><p></p><p>Bedard made the remarks after TFI posted its <a href="https://www.freightwaves.com/news/tfi-international-q1-profits-jump" target="_blank">first-quarter financial results on Tuesday</a>. 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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4845040, member: 1"] [URL='https://www.freightwaves.com/news/tfi-hints-at-closer-ups-ties-beyond-their-800m-deal'][B]TFI hints at closer UPS ties beyond their $800M deal - Freight Waves[/B][/URL] The CEO of TFI International ([URL='https://www.barchart.com/stocks/quotes/TFII/overview']NYSE:TFII[/URL]) hinted on Wednesday that the Canadian trucking and logistics company may be pursuing closer ties with UPS ([URL='https://www.barchart.com/stocks/quotes/UPS/overview']NYSE:UPS[/URL]) 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 [URL='https://www.freightwaves.com/news/tfi-international-q1-profits-jump']first-quarter financial results on Tuesday[/URL]. 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. [/QUOTE]
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