TFI International Inc., a Canadian transportation and logistics company, acquired UPS Freight and rebranded it as TForce Freight. The deal completed on April 30th, 2021. TForce Freight brings 197 terminals, over 5,000 tractors, and thousands of trailers. The acquisition aligns with TFI’s business model and plans.
UPS announced plans to acquire Happy Returns from PayPal. Happy Returns is a U.S. software and reverse logistics company that helps online retailers offer box-free returns to customers. The acquisition will expand convenient drop-off points by leveraging UPS’s network, providing box-free, label-free returns at over 12,000 locations. Happy Returns CEO David Sobie will continue leading the business. UPS aims to offer full stack solutions for frictionless returns and capitalize on the demand for reverse logistics services.
The acquisitions made by UPS address customer frustrations with returns by providing convenient drop-off points and leveraging UPS’s extensive network. In the case of TFI International Inc.’s acquisition of UPS Freight, the alignment with TFI’s business model and plans is emphasized, while the acquisition of Happy Returns by UPS allows for expanded services and cater to consumer demands efficiently.