TForce Freight

UPS Freight (Nasdaq: UPS) is the Less-Than-Truckload (LTL) division of UPS. Formed on August 5, 2005, after the acquisition of Overnite Transportation Company. UPS purchased Overnite Transportation for a price of $1.25 billion dollars. This sale was approved by the Federal Trade Commission (FTC) and the shareholders of Overnite on August 4, 2005. On April 28, 2006 Overnite transportation officially became UPS Freight. The logos on the doors of the Overnite tractors were covered with signs showing the change of operator. UPS freight immediately also changed the color scheme of the tractors from blue and grey to UPS brown on the bottom, with a gold line near about the center of the tractor and gray for the upper color. All new vehicles purchased by UPS freight come painted in these colors and the older Overnite equipment is replaced. UPS aquired all the Overnite terminals and equipment and also the equipment from Motor Cargo, a company Overnite had acquired some time earlier.

Reasons for: Prior to the buyout of Overnite, FEDEX had recently purchased American Freightways (on the east coast) and Viking Freight (on the west coast) and had created FEDEX Freight. Many believe that this is an attempt to compete with FEDEX in the market of Less-than-Truckload freight. It is know that there is major competition between UPS and FEDEX to be the number one package and shipping company.