What’s happening now? Account Manager. Some of them are union, with contracts with Teamsters Canada, and a … 8) … TFI International Inc ... because if you look at the largest trucking company in the world they're are unionized with the Teamsters, and they do a fantastic job. Longinue Shipp has spent the last 15+ years working for Waste Management Seattle, and now will make the step to become a Local 174 Business Agent helping to enforce our contracts throughout that industry. Teamsters employees at UPS Freight approved a new five-year contract, bringing a longer than anticipated battle over the labor agreement to an end. UPS is notifying more than 70,000 nonunion workers this week that the change will take place in five years as part of a move to reduce expenses and help curb a … XPO is the stock symbol for the company XPO. Teamsters freight coordinator, Kris Taylor, posted: Early yesterday morning, January 25, UPS made the IBT aware of its sale of UPS Freight to TFI International. Teamsters Decry Uptick in Violence Against Asian-Americans Since Pandemic; UPS Freight Releases Important Information for Teamsters About Proposed Sale to TFI International Inc. Driving the School Bus, Waiting for a Vaccine – an Interview with Eric Griffith from Teamsters Local 512 The International Union says the sale will not impact the contract, wages, benefits, or pending grievances of the 15,000 Teamsters at UPS Freight. Threads 4,205 Posts 21,351 Members 422. Teamsters for a … At the time of the […] XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. Contact Amsterdam News 2340 8th Avenue New York, NY 10027 Phone: 212-932-7400 E-mail: Legal Disclaimer. Congratulations to Local 118 Rochester Airport Hertz Teamsters. Forum Actions: Forum Statistics: ... Old School Teamsters Statistics. At UPS, we are committed to doing more to help the communities where we work and live. 433 N. Sierra Way San Bernardino, CA92410 (909) 889-8377 info@teamsters1932.org TORONTO, Ont. Dear Members, We are proud to represent hard-working men and women in Illinois state Government and business. This website contains current developments and issues which may be of interest or useful to Unions and Union Members. On January 25 the IBT was informed that UPS Freight has been sold to TFI International Inc. and will operate under TForce Freight, Inc. after the deal is finalized. The International Brotherhood of Teamsters, with which Teamsters Canada is affiliated, represents 1.4 million workers in North America. UPS Inc. (NYSE:UPS) CEO Carol Tomé has pulled the plug on the company’s often-difficult 15-year foray into the less-than-truckload business. UPS Freight was the less than truckload shipping (LTL) division of UPS.UPS acquired on August 8, 2005, Overnite Transportation Company (and its subsidiary Motor Cargo) from the Union Pacific Corporation (parent company of the Union Pacific Railroad) for $1.25 billion. United Parcel Service Inc. agreed to sell its freight business to rival TFI International Inc. for $800 million, saying it is pulling out of the domestic trucking market to focus on the soaring small package-delivery business. • Implemented many improvements and efficiencies to the payroll system The demonstrators are protesting a plan by the Central States Pension Fund to … After the sale goes through, UPS Freight will be rebranded as TForce Freight. History report of waiver is reserved for the payroll has been reviewed by the rights and liquidation of some medical coverage, it is the carrier. Teamsters Canada, whose truckers work for Purolator and UPS, said long-haul deliveries continue in spite of the economic downdraft. The Supply Chain & Freight segment includes its forwarding and logistics services, truckload freight brokerage, UPS Freight and its financial offerings through UPS Capital. UPS Freight, Teamsters square off as contract vote begins. TFI International will cut the costs of its new subsidiary, UPS Freight, using lessons learned from absorbing TL carrier CFI from XPO Logistics in 2016, CEO Alain Bédard told analysts during a Monday earnings call. In a call with stock analysts, TFI’s CEO Alain Bedard stated they plan to upgrade equipment and run a more efficient operation. TFI International CEO Alain Bedard praised the partnership of UPS and the Teamsters and signaled his company’s willingness to work with unions ahead of the UPS Freight acquisition. labor ups freight teamsters negotiations logos extend logodix accords finish side allow everyone feature working want file. The average hourly pay for a Dock Worker is $16.36. In order to add a step child/children to your benefit plan, please complete a Beneficiary and Census card in its entirety and send it directly to the Fund office ().. TFI International tops Canada’s Top 100 fleet ranking April 29, 2019. PACKAGE AND COURIER LESS-THAN-TRUCKLOAD . The 2018 Teamsters Local 769 Scholarship recipients are in. The sale will not impact the contract, wages, benefits, or pending grievances of the 15,000 Teamsters at UPS Freight. CEO vows quick action to negotiate with customers or ultimately cut them loose after acquisition closes. TFI International will cut the costs of its new subsidiary, UPS Freight, using lessons learned from absorbing TL carrier CFI from XPO Logistics in 2016, CEO Alain Bédard told analysts during a Monday earnings call. CFI, an operating company of TFI International Inc., a North American leader in the transportation and logistics industry, has been named Carrier of the Year by Michaels Stores, Inc., North America’s largest arts and crafts specialty retailer. Some its operations are unionized with Teamsters Canada. Ms. Tomé plans to disclose more cost-saving measures to investors during a virtual meeting in June. TFI International Inc. View All Employees. The Teamsters Local 174 family is growing again, this time with the addition of a Sanitation Business Agent to the team. After working for 30 years as a truck driver for UPS, Van Alstyne was promised $5,141 a month by the The New York State Teamsters Conference Pension and Retirement Fund. Shares of United Parcel Service Inc. announced Monday an agreement to sell its UPS Freight (UPSF) business for $800 million to Canada-based trucking company TFI International Inc. . Teamsters local 879. 1 carrier announced the end of the experiment and the sale of its UPS Freight business to TFI International (CCJ Top 250, No. TFI International will be offering you a new 401(k) plan through Prudential. TFI International To Acquire UPS Freight In About $800 Mln Enterprise Value Transaction. SOLUTIONS Our differentiated services span a multitude of geographies and industry verticals. TFI will also have to contend with a collective bargaining agreement … United Parcel Service has agreed to sell its freight business to rival TFI International, saying it plans to focus on the soaring small-package-delivery business. The International Union was caught by surprise by the move, and hastily held a conference call of local officers to give some answers. Christine Axford Payroll and Benefit Administrator. TFI International buys UPS... by . But there are … Bank of America raised TFI International from […] Donations can be sent to: Nathan Burk Fund, c/o Teamsters Joint Council 10, 544 Main Street, Charlestown, Massachusetts 02129. TFI International Inc. is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol TFII. Teamsters Canada represents 125,000 members in all industries across the country. TFI has vowed to drive down TForce Freight's OR to 90% within three years. Teamsters Decry Uptick in Violence Against Asian-Americans Since Pandemic: UPS Freight Releases Important Information for Teamsters About Proposed Sale to TFI International Inc 7. Published by at April 24, 2021 We encourage all to do their part as well. 02/18/2021 . ttnews.com. helpful non helpful. UPS Freight will be rebranded as TForce Freight after TFI takes over ownership and management some time in the second quarter of the year. United Parcel Service Inc. agreed to sell its freight business to rival TFI International Inc. for $800 million, saying it is pulling out of the domestic trucking market to focus on the soaring small-package-delivery business. Plus, Marten and Knight-Swift both posted strong earnings results in Q4, and the Biden administration has revoked a Department of Labor opinion letter on employee classification. Please also include a copy of the following documents: A copy of the Marriage Certificate (If we do not have one on file). UPS Freight was the less than truckload shipping (LTL) division of UPS.UPS acquired on August 8, 2005, Overnite Transportation Company (and its subsidiary Motor Cargo) from the Union Pacific Corporation (parent company of the Union Pacific Railroad) for $1.25 billion. Tomé said she made the disposal of UPS Freight a top priority as soon as she started the job on June 1. You can lose money by investing in securities. TFI International Inc. (NYSE:TFII) Q3 2020 Earnings Conference Call October 23, 2020 08:30 A.M. That alone tells you why management is so happy with the new contract. TFI is the largest trucking corporation in Canada, operating truckload, LTL, courier and logistics companies. Follow us on: From The President. Teamsters Decry Uptick in Violence Against Asian-Americans Since Pandemic; UPS Freight Releases Important Information for Teamsters About Proposed Sale to TFI International Inc. Driving the School Bus, Waiting for a Vaccine – an Interview with Eric Griffith from Teamsters Local 512 08/hour COLA retroactive to February 29, 2020 for career employees. Welcome to our newest member, … The highest EPS estimate is $0.69 and the lowest is $0.64. Icon Legend. TFI is honored to support our communities during such difficult times. United Parcel Service Inc., Atlanta, will freeze two defined benefit plans — the UPS Retirement Plan and the UPS Excess Coordinating Benefit Plan — … Zero analysts have made estimates for TFI International’s earnings. ... Teamsters Says New Contract For UPS Canada Will Improve Wage Progression For All Categories Of Workers. Esther Sparks hired as the Office Manager after 20 years […] The Teamsters union represents some 11,000 UPS Freight workers who ratified a … Contact us : info@teamsters.ca 450 682-5521 1 866 888-6466 400-1750 Maurice-Gauvin, Laval, QC H7S 1Z5, Canada UPS Freight sold to Canada’s TFI for $800 million. The City Council hasn’t been listening to the citizens of Des Moines and failed to pass a strong ordinance on Monday to ban racial profiling and a number of key elements to ensure citizen oversight.. We will have another opportunity to speak up in the coming weeks. All 14,500 UPS Freight employees, including 11,500 Teamsters union members, will join TFI. UPS Freight to ‘empty network’ ahead of potential strike. We would like to thank our staff, members and sponsors who participate in the fundraising which allows the fund to keep awarding students of our Teamster members. If more than half of the members in our Canpar unit sign (and voluntarily pay the required $5 fee), NOWU could apply for “certification” to the Canada Industrial Relations Board. Members of the International Brotherhood of Teamsters attend a rally in Washington, D.C., in 2016. Welcome to our newest member, Jimmy. Teamsters Local 1932. Last week, the CCJ Top 250 No. Dan Ronan is the Associate News Editor Print and Multimedia for Transport Topics, the leading online and print publication covering the trucking, freight and logistics industry. UPS Freight will be by far its largest US operation. Office: 217.522.7932. 5.0 out of 5 stars 9. Just another site. TFI International (NASDAQ:TFII) had its target price lifted by Scotiabank from $109.00 to $120.00 in a research note issued to investors on Friday, The Fly reports. FREE Shipping on orders over $25 shipped by Amazon. "We were stuck with tons of freight that did not fit TFI… Hello world! 99. A federal judge approved plans to liquidate what little assets remain of bankrupt trucking company Comcar Industries: ostensibly real estate. CFI has 12 facilities in Mexico providing a wide range of in-country and cross-border logistics and freight transportation services. On November 19, 2009 TFI International closed its acquisition of the Retail Solutions Division of ATS Andlauer Transportation Services Limited Partnership (ATS). The acquired Division generates approximately $120 million in annual revenue. It relies on 165 owner operators for the bulk of its business and employs a total of 447 employees. The remaining assets will be sold through two trusts, with an expected recovery of $23.4 million, according to court filings. Legal Disclaimer. Teamsters in the West, in Chicago Local 705, in Local 710 (Illinois and Indiana), in New England, Washington, D.C., New York, New Jersey, Baltimore, Virginia and every other plan all get a better pension. It is important that we come together to help mitigate Harvey’s terrible consequences. Leading North America truckload carrier recognized for exemplary service and support . “APPS shares our core values and has demonstrated rapid, efficient growth over the years. Local 532 was chartered in 1925 and operational until the merger with Local 916. TFI stands for TransForce International. XPO Logistics followed with $3.641 billion and Old Dominion had $3.304 billion. Since UPS, the largest motor carrier in North America, was a Teamster company, its new LTL unit became union too. So, after the tumultuous struggle to keep the Teamsters out, UPS simply opened the door for them. The drivers and dockmen of Overnite – aka UPS Freight, TForce Freight – joined the Teamsters after all. – The Today’s Trucking Top 100 is the definitive ranking of for-hire fleet sizes in Canada, and TFI International has topped the annual list once again. The International Package segment includes the small package operations in Europe, Asia-Pacific, Canada and Latin America, the Indian sub-continent, the Middle East and Africa. Contains unread forum posts 2000 in IBT History: Casino parking attendants select Teamsters representation in Detroit. Analysts predict that TFI International Inc. (NYSE:TFII) will post earnings of $0.67 per share for the current quarter, according to Zacks. Driving the School Bus, Waiting for a Vaccine – an Interview with Eric Griffith from Teamsters Local 512 All 14,500 UPS Freight employees, including 11,500 Teamsters union members, will join TFI. Joint Council 10 has also set up a fund to pay for family support and funeral expenses. Members are rightly concerned about their future. TFI International (NYSE: TFII) plans to aggressively improve margins at UPS Freight after its $800 million acquisition closes by reining in unprofitable business. Create ROE’s, T4’s. Teamsters 1932. Crimes by U. The Teamsters have reached an agreement in principle for 415 mechanics and related classifications at Allegiant Air. , TFI International Inc. 41 MB) AO CONTRACT (1. TORONTO, Ont. The contract provides for a 50 cent wage increase each year and will add full-time jobs, but also gives the less-than-truckload carrier some flexibility to subcontract work. Ontario, Canada • Processing bi-weekly payroll for over 800 union and non-union employees across Canada. Every day, around the globe, we are delivering what matters. 02/18/2021 . Driving the School Bus, Waiting for a Vaccine – an Interview with Eric Griffith from Teamsters Local 512 TFI International buys UPS... by . – The Today’s Trucking Top 100 is the definitive ranking of for-hire fleet sizes in Canada, and TFI International has topped the annual list once again. Trucking Logistics › Labor › International Brotherhood of Teamsters. View Profile View Forum Posts View Blog Entries 01-27-2021. Teamsters Decry Uptick in Violence Against Asian-Americans Since Pandemic: UPS Freight Releases Important Information for Teamsters About Proposed Sale to TFI International Inc. Driving the School Bus, Waiting for a Vaccine – an Interview with Eric Griffith from Teamsters Local 512 Teamsters Decry Uptick in Violence Against Asian-Americans Since Pandemic: UPS Freight Releases Important Information for Teamsters About Proposed Sale to TFI International Inc 7. … ... On January 25 the IBT was informed that UPS Freight has been sold to TFI International Inc. and will operate under TForce Freight, Inc. after the deal is finalized. TFI International buying the outfit for $800MM. This acquisition is scheduled to be completed during the second quarter of 2021, at which time UPS Freight will become a wholly-owned subsidiary of TFI International Inc. Below is a list of frequently asked questions from employees represented by the International Brotherhood of Teamsters. UPS Inc.’s (NYSE:UPS) sale of its less-than-truckload business, UPS Freight, to Canadian firm TFI International Inc. (NYSE and TSE: TFII) works out well for both parties as it relieves UPS […] UPS Freight sold to Canada’s TFI for $800 million. The big unknown is how much cooperation TFI can wrest from the Teamsters for technology, and flexibility. Teamsters Update on UPS Freight Sale to TFI International - International Brotherhood of Teamsters . View Profile View Forum Posts View Blog Entries 01-27-2021. Beginning July 1 or thereabouts, the rubber will hit the road. This is a pretty good interview and gives real perspective. Most of UPS Freight’s employees are represented by the Teamsters union, and Bedard said TFI will abide by the union contract, but he hopes to eventually add flexibility in work rules. After the agreement in principle is finalized between the union and the company, it will be put out for a ratification vote by Teamsters at Allegiant which is expected to occur sometime by the end of July of this year. ttnews.com. The target date is the approximate date when investors plan to retire and may begin withdrawing their money. 1951 in IBT History: Teamsters continue their service to the community after World War II November 20, 1956 A revised charter is issued after the merger of Local 532 in Springfield and Local 916 in Collinsville. ups parcel inc truck delivery united freight international symbol seen side upsers login logistics safety latin years newman brian global. The Teamsters have reached an agreement in principle for 415 mechanics and related classifications at Allegiant Air. Teamsters 401(k) plan Participation in the Teamster-UPS National 401(k) Tax Deferred Savings Plan will cease at transaction close date (no deferrals to be made for pay period beginning April 25). International-B-rotherhood-of-Teamsters Men Women Winter Beanies Hat Stretchy Novelty Skull Cap. Docker. Some its operations are unionized with Teamsters Canada. UPS Freight. The sale is one of the biggest strategic shifts by new Chief Executive Carol Tomé since she took the position last June. . • Remit WSIB, WCB payments, BC Med, Manitoba Health. International Brotherhood Of Teamsters: PA. Conference Of Teamsters: Central PA Teamsters Health And Welfare Fund: Central PA Teamsters Pension Fund: Organize Today: ... UPS has announced the sale of UPS Freight to TFI International, Inc. Full details can be found below: Teamsters Local 776 “It is handling more retail than it ever did in its 85-year history and that requires some flexibility on the part of the union,” Jindel said. The Teamsters have reached an agreement in principle for 415 mechanics and related classifications at Allegiant Air. The plan is backed by the Teamsters, Central States Pension Fund, and employers to save the earned pensions of 400,000 Teamsters and 2.5 million workers. Shares of United Parcel Service Inc. announced Monday an agreement to sell its UPS Freight (UPSF) business for $800 million to Canada-based trucking company TFI International Inc. . TFI International is doing its part to help with a donation of US$250,000. UPS sees big opportunity in small business. UPS is selling UPS Freight to TFI International, a Canadian company. Montreal, Quebec – TFI International Inc. has agreed to a blockbuster deal worth $800 million to acquire UPS Freight.. Over the past 20 years, TFI has produced a cumulative shareholder return well in excess of the TSX and S&P 500. The Chapter 11 liquidation plan received approval on Wednesday in the U.S. Bankruptcy Court for the District of Delaware. TFI International buys UPS Freight for $800 million, rebranding as “TForce Freight” UPS is selling its UPS Freight less-than-truckload (LTL) unit to TFI International Inc., a Canadian holding company that is parent to truckload giant CFI and other transport entities, for $800 million, subject to working capital and other adjustments. WJINX. Operations Supervisor. Canadia's TFI International (TFI) is acquiring Richmond, Virginia-headquartered UPS Freight for $800 million in a deal anticipated to close in the second quarter of … TFI International reported earnings per share of $0.62 during the same quarter last year, […] 3361 Teamster Way. Nearly 15,000 Teamsters are concerned for their future, now that UPS has sold off its LTL and trucking operation to TFI International. By Jennifer Smith and Paul Ziobro . UPS and the Teamsters union are in the processing of discussing a two-tier wage system that would allow the company to hire lower-paid workers to deliver packages on weekends in an attempt to manage the e-commerce boom, The Wall Street Journal reports. 2000 The Illinois Attorney General’s Child Support Enforcement Unit is organized bringing 36 members to Local 916. WHO WE ARE . May 7, 2019. MARKET PULSE Shares of United Parcel Service Inc. announced Monday an agreement to sell its UPS Freight (UPSF) business for $800 million to Canada-based trucking company TFI International Inc. UPS expects to record a $500 million impairment charge on its 2020 results as a result of the deal, which is expected to close during the second quarter of 2021. Supra ITS - Toronto's Leading Managed IT Services Provider ... Grainger Canada. In today’s edition, TFI International CEO Alain Bedard praised the Teamsters long before the company announced the acquisition of the unionized UPS Freight. The … Local 916 begins a scholarship fund for the children, step-children, grandchildren, and step-grandchildren of active members. Nearly 15,000 Teamsters are concerned for their future, now that UPS has sold off its LTL and trucking operation to TFI International. “We look forward to welcoming the exceptional APPS team to TFI International, and see a superb opportunity to drive performance and operational synergies in the months ahead,” said Alain Bedard, chairman, president and CEO of TFI International. Teamsters Decry Uptick in Violence Against Asian-Americans Since Pandemic: UPS Freight Releases Important Information for Teamsters About Proposed Sale to TFI International Inc. Driving the School Bus, Waiting for a Vaccine – an Interview with Eric Griffith from Teamsters Local 512 In addition, the Fund covers 12,900 retired members who already receive a monthly pension payment. TFI International Inc. Feb 2016 - Aug 2019 3 years 7 months. Can TFI International Inc. succeed when UPS Inc. could not? "We were stuck with tons of freight that did not fit TFI… Devinder Sohal Information Technology Manager. Edward Tucker. Trustee, Business Agent Karen Kostera reports that the membership voted 83% in favor of a three year agreement that will include wage increase, bonus payments and no changes in their current healthcare and retirement benefits. Forum Actions: Forum Statistics: ... Old School Teamsters Statistics. In a call with stock analysts, TFI’s CEO Alain Bedard stated they plan to upgrade equipment and run a more efficient operation. They have acquired truckload, logistics, courier and LTL companies. UPS, of course, is United Parcel Service. TFI International tops Canada’s Top 100 fleet ranking April 29, 2019. UPS Freight will be by far its largest US operation. ... USW & Teamsters. Best union job with retirement would be in a city or state government in a blue state. … The CEO of TFI International hinted on Wednesday that the Canadian trucking and logistics company may be pursuing closer ties with 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. When you join Teamsters Local Union 261, you have the affiliation, support and backing of our great International Brotherhood of Teamsters Organization and join with over 1.4 million working men and women across The United States of America and Canada who strive to protect jobs and tirelessly work to secure a safe work place. Three months before TFI International announced the acquisition of UPS’ 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. TFI is familiar with unions and a percentage of their current labor force is currently unionized, which makes acceptance of the large group of Teamsters from UPS Freight they'll acquire more likely. Joe Henry June 9 2020.. The firm currently has an outperform rating on the stock. Erica Senior. For example, FedEx Freight—the largest LTL carrier—had $6.34 billion in revenue last year. The Atlanta-based giant’s $800 million sale of UPS Freight to Canadian concern TFI International Inc. (NYSE and TSX: TFII), reflects Tomé’s belief that LTL was not, is not and would likely never be a strategic fit for the company. This website contains current developments and issues which may be of interest or useful to Unions and Union Members. Legal Disclaimer. “Based on the information we have – and it’s changing every minute – the package delivery business is doing OK,” said Francois Laporte, president of Teamsters … Pay is a powerful thing. … NOWU is trying to get people to sign its membership cards. Cindy Murphy. Most private sector employers have gotten rid of their defined-benefit retirement plans (pension) and replaced them with defined-contribution plans (401k or 403b). Overview. via TEAMSTER.ORG | For more than six years, the Teamsters have been fighting on Capitol Hill to save the multiemployer pensions of many of its members and retirees who worked TEAMSTERS UPDATE ON UPS FREIGHT SALE TO TFI INTERNATIONAL Wonder how this will affect the work force, if the buyers are aggressive against unions or not etc. ... UPS has sold UPS Freight to TFI, a Canadian trucking and logistics corporation. Strike averted, UPS Freight restarts LTL freight shipping. TFI is the largest trucking corporation in Canada, operating truckload, LTL, courier and logistics companies. When you join Teamsters Local Union 261, you have the affiliation, support and backing of our great International Brotherhood of Teamsters Organization and join with over 1.4 million working men and women across The United States of America and Canada who strive to protect jobs and tirelessly work to secure a safe work place. CFI Mexico is a service of CFI. $17.99 $ 17. Springfield, IL 62707. TFI is a major trucking and transport corporation which operates a number of trucking companies, primarily based in Canada. This is a great time to be a less-than-truckload (LTL) carrier. Ronan’s specialty is business and financial reporting. 5% coupon applied at checkout Save 5% with coupon. CFI Logistics is affiliated with U.S. truckload carrier CFI, an operating company of TFI International Inc., a North American leader in the transportation and logistics. TFI will also have to contend with a collective bargaining agreement that expires in 2023, and the possible static from a formidable group of Teamsters. Threads 4,206 Posts 21,356 Members 422. Enrollment elections in the new plan can be made from May 3, 2021 Trustee, Business Agent Karen Kostera reports that the membership voted 83% in favor of a three year agreement that will include wage increase, bonus payments and no changes in their current healthcare and retirement benefits. TFI International. UPS Freight. TFI International is a North American leader in transportation and logistics, operating across the US, Canada and Mexico. TFI is a corporation based in Canada, and some Teamster local unions in the U.S. and Canada have agreements with them. Employees. TFI International (NYSE:TFII) reported a 17% increase in operating income in the first quarter on Tuesday as the Canadian trucking and logistics giant’s growth started the year with strong momentum ahead of the close of its acquisition of UPS Freight.TFI reported adjusted net income of $73.6 million, or 77 cents per share, on $1.15 billion in revenue. McUzi, Jan 25, 2021. Early yesterday morning, January 25, UPS made the IBT aware of its sale of UPS Freight to TFI International. TFI is a corporation based in Canada, and some Teamster local unions in the U.S. and Canada have agreements with them. We anticipate communicating with TFI soon. On the TFI side of the UPS Freight deal, the story goes like this: Old time LTL carrier Consolidated Freightways, a big, 350-terminal Teamster company, started a nonunion sister outfit it called Conway Freight in 1983. TFI, which is based in Canada, provides similar freight trucking services, as well as logistics services and parcel shipping in Canada. UPS Freight offers less-than-truckload services, in which cargo from multiple shippers is combined in a single trailer, in all 50 states, Canada and Mexico.
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