TForce Freight Category: Trucking Company Official Site: TForceFreight.com Wikipedia: TForce Freight Address: Richmond, Virginia Description: A trucking company founded as Overnite Transportation in 1935. Page Sections: History ยท Article Index |
The following section is an excerpt from Wikipedia's TForce Freight page on 23 December 2022, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.
TForce Freight, a subsidiary of TFI International, is an American less than truckload (LTL) freight carrier based in Richmond, Virginia. The company was founded in 1935 as Overnite Transportation, the name it used until 2006 when it was rebranded UPS Freight by new owner UPS. Its name changed to TForce Freight in 2021 when UPS sold the company to TFI.
TForce Freight traces its history back to 1935 when J. Harwood Cochrane founded the Overnite Transportation Company. Initially, the Overnite fleet consisted of one tractor, one trailer, and one straight truck. Overnite saw steady growth in its early years fueled in part by contracts with Philip Morris and R. J. Reynolds. During World War II, Overnite provided transportation for the U.S. Marine Corps. The company went public in 1957 and was listed on the New York Stock Exchange in 1962.
In January 2021, UPS agreed to sell their freight business to Canadian rival TFI International for $800 million. UPS cited as rationale its plans to move the company's focus away from the domestic trucking market towards small package delivery, which had become more profitable due to the COVID-19 pandemic. The deal was completed in April 2021. Under the purchase agreement, UPS Freight LTL operations would be independent with existing management remaining in place and would be rebranded "TForce Freight." Truckload operations would be merged into TFI's existing truckload group which includes Joplin, Missouri-based CFI.
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13 December 2022 | EPA Announces Settlement with TForce to Correct Hazardous Waste Violations in 39 States TForce, which operates a freight distribution and transportation operation, generates hazardous waste regulated under the Resource Conservation and Recovery Act when a package containing certain hazardous materials is damaged, as well as during day-to-day operations such as maintenance. | Press Release (text) Publisher: Environmental Protection Agency Dateline: Washington, DC Topic: TForce Freight |