The rumors are true! UPS is acquiring YRC Freight. The logistics company is worth $3.
9 billion and is expected to add $1.5 billion in revenue by 2020.
UPS says the acquisition is a way to “improve the flow of goods throughout the supply chain.” YRC Freight will help UPS move more packages, faster.
The acquisition is also a way for UPS to get a piece of the growing ecommerce market. YRC Freight’s customers include Amazon, Walmart, and Target.
UPS says it plans to keep YRC Freight’s headquarters and its 1,500 employees. The acquisition is expected to be completed in the first quarter of 2020.
7 Related Question Answers Found
Is TForce Freight the same as UPS?
TForce Freight is a subsidiary of UPS. The two companies share a common history, and TForce Freight is responsible for providing UPS with logistics services. Like UPS, TForce Freight is a global company with a presence in over 200 countries.
Is UPS a Buy Sell or Hold?
UPS – Is it a buy or sell? The answer to this question depends on a few factors, such as the market conditions at the time you make the purchase, and what you believe the future holds for the company. If you believe that UPS is headed for long-term growth, then a buy is likely the best option.
Is Worldwide Express part of UPS?
Worldwide Express is part of UPS. UPS provides the shipping, warehousing, and delivery services to deliver packages to customers all over the world. Worldwide Express helps customers to get their packages delivered faster and easier.
Is UPS Freight the same as UPS?
UPS Freight is a subsidiary of UPS that provides delivery services for large and heavy items. UPS Freight offers a variety of delivery options, including ground, air, and international shipping. UPS Freight is similar to UPS in many ways.
Does Wayfair use UPS or FedEx?
Wayfair is a popular online retailer that specializes in home furnishings, appliances, and other small items. One of the ways Wayfair differentiates itself from other online retailers is by using different delivery methods. UPS is the primary delivery method used by Wayfair.
Does UPS Freight still exist?
UPS Freight continues to exist as a subsidiary of UPS. It operates as a freight shipping company, offering same-day and next-day delivery to businesses and consumers in the U.S. and around the world.
What is starting pay for UPS drivers?
UPS drivers start at $13.50 per hour, but this wage can vary depending on the region. In some regions, the starting wage can be as high as $16.
50 per hour. Additionally, UPS drivers receive a commission on the packages they deliver, which can increase their hourly wage by as much as 50%.
