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UPS Subsidiaries
UPS Freight = TForce Freight
UPS Agrees To Purchase Overnite
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<blockquote data-quote="montecarlo11" data-source="post: 54271"><p>moreluck, </p><p>i have been quiet for a while. thought i would give irony a break. i was reading something a few days ago about an article in Fortune asking uncle Fred his thoughts on the purchase of overnite by UPS. </p><p> </p><p>* Smith talked about rival UPS. UPS' $1.25 billion acquisition of less-than-truckload (LTL) freight carrier Overnite, announced today, reaffirms Smith's focus on LTLa market that FedEx first entered in 1998. LTL involves moving such items as 500-pound industrial pumps that are too big to be sent via regular ground service but too small to fill an entire truck. Although the deal will make UPS a major player in the LTL market, Smith said last week: "We are the largest transporter of less-than-truckload freight in the U.S." As for the contract logistics business that UPS has specialized in, Smith adds, "We have not found it attractive. That does not mean we won't get bigger in it, but so far, I like our strategy better than theirs." </p><p> </p><p>I was thinking that irony should write to fortune and Fred S and let both no that Fedex freight is not the largest transporter of LTL in the US. </p><p>I think irony said it was Yellow/Roadway/USF??</p></blockquote><p></p>
[QUOTE="montecarlo11, post: 54271"] moreluck, i have been quiet for a while. thought i would give irony a break. i was reading something a few days ago about an article in Fortune asking uncle Fred his thoughts on the purchase of overnite by UPS. * Smith talked about rival UPS. UPS' $1.25 billion acquisition of less-than-truckload (LTL) freight carrier Overnite, announced today, reaffirms Smith's focus on LTLa market that FedEx first entered in 1998. LTL involves moving such items as 500-pound industrial pumps that are too big to be sent via regular ground service but too small to fill an entire truck. Although the deal will make UPS a major player in the LTL market, Smith said last week: "We are the largest transporter of less-than-truckload freight in the U.S." As for the contract logistics business that UPS has specialized in, Smith adds, "We have not found it attractive. That does not mean we won't get bigger in it, but so far, I like our strategy better than theirs." I was thinking that irony should write to fortune and Fred S and let both no that Fedex freight is not the largest transporter of LTL in the US. I think irony said it was Yellow/Roadway/USF?? [/QUOTE]
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