 | |
| Formerly |
|
|---|---|
| Company type | Subsidiary |
| Industry | Transportation |
| Founded | 1935; 91 years ago (1935) inRichmond, Virginia |
| Founder | J. Harwood Cochrane |
| Headquarters | , United States |
Area served |
|
| Parent |
|
| Website | www |
TForce Freight, a subsidiary ofTFI International, is an Americanless than truckload (LTL)freight carrier based inRichmond, Virginia.[1] The company was founded in 1935 asOvernite Transportation,[2] the name it used until 2006 when it was rebrandedUPS Freight by new ownerUPS. Its name changed to TForce Freight in 2021 when UPS sold the company to TFI.[3]
TForce Freight traces its history back to 1935 whenJ. Harwood Cochrane founded theOvernite Transportation Company. Initially, the Overnite fleet consisted of onetractor, onetrailer, and onestraight truck.[2] Overnite saw steady growth in its early years fueled in part by contracts withPhilip Morris andR. J. Reynolds. DuringWorld War II, Overnite provided transportation for theU.S. Marine Corps.[4] The company went public in 1957 and was listed on theNew York Stock Exchange in 1962.[2]
Cochrane and Overnite became known for a strong anti-union stance despite a 1959Teamsters picketing of a number of companies in North Carolina, including Overnite. Over 1,400 employees picketed terminals in Georgia, North Carolina, South Carolina, and Virginia.
The Teamsters later organized a boycott of Overnite's freight by a number of other carriers prompting theInterstate Commerce Commission (ICC) to grant Overnite temporary authorization to deliver freight outside its own routes. The boycott led Overnite to sue the Teamsters for lost business eventually winning a $900,000 judgement.[4]
Through the 1960s, 1970s, and 1980s Overnite grew through acquisition of smaller carriers or the assets of bankrupt competitors. In 1982, Overnite received authorization to operate in all 48 states of the contiguous US allowing it to grow outside its home market inVirginia.[4] By the mid-1980s, Overnite operated in 33 states plusWashington, D.C. primarily in theGreat Lakes,Northeast, andSoutheast but already had four terminals inCalifornia.[5][6]
In 1986, Cochrane sold Overnite to theUnion Pacific Corporation (parent company of theUnion Pacific Railroad) for $1.2 billion.[7] Cochrane remained with the company as chairman until 1990.[4]
The company had historically focused on LTL services but following the UP acquisition it began to haul truckloads as well. Specifically, on an ad hoc basis as part of final mile services for UP loads of auto parts toGM andFord. This led to Overnite officially starting a truckload “special services” division in 1993.[8]
Overnite expanded west in 2001 with its $80 million purchase ofSalt Lake City-based western regional LTL carrier, Motor Cargo Industries.[9] This gave Overnite the ability to offer national linehaul services by interlining with Motor Cargo.[10]
In 2003, Union Pacific spun Overnite off via an IPO. By this time, Overnite was a nationwide LTL carrier employing over 14,400 mostly non-union employees and operating more than 6,000 tractors and 21,000 trailers. According to Union Pacific, Overnite was profitable on revenue of $1.33 billion in 2002 having benefited from the bankruptcy ofConsolidated Freightways.[11]
![[icon]](/mt/?noimg=&dark=on&url=http%3a%2f%2fen.wikipedia.org%2fwiki%2fFile%3aWiki_letter_w_cropped.svg) | This sectionneeds expansion. You can help byadding missing information.(August 2021) |
From 2003 to 2005, Overnite Transportation operated as an independent, publicly traded company through an initial public offering of $475 million under the ticker symbol OVNT.[11][12][13]
.jpg)
UPS acquired Overnite and its subsidiary, Motor Cargo, on August 8, 2005 for $1.25 billion.[14][15] Overnite offered LTL and truckload services nationwide and Motor Cargo operated regionally in the western US. UPS intended to integrate the two to form a single network with three services:UPS Freight LTL,UPS Freight Truckload, andSpecialty Solutions (offering services like trade show, temperature-controlled freight, etc.). On April 28, 2006,Overnite Transportation officially becameUPS Ground Freight Inc.[16][17]
The acquisition of Overnite was partially a way for UPS to remain competitive against its largest rival,FedEx.[18] FedEx had acquired Viking Freight, awest coast LTL carrier, as part of its 1998 purchase ofCaliber System[19] and in 2001 acquiredAmerican Freightways, aneast coast LTL carrier.[20] The two had been combined to create FedEx Freight in a bid to expand into the growing LTL market. This pressured UPS to respond.[18] Immediately after acquisition, the logos on the doors of the Overnite and Motor Cargo tractors were covered with signs showing the operator as UPS Freight.
In March 2006, UPS announced the rebranding of both companies' services to UPS Freight. Starting in April, some drivers started wearing UPS-branded uniforms. UPS began repainting existing tractors and purchasing new vehicles with the UPS trademarkPullman brown on the bottom, a gold line near the center of the tractor, and a gray ("reminiscent of the Overnite gray" according to UPS) for the upper color. At the time, UPS expected the rebranding to take "several years" given the fleet's size, particularly its 22,000 trailers.[16][21] New tractors for the truckload division (former Overnite Transportation – Special Services Division) were solid white with the UPS shield on the roof fairing.[citation needed]
In January 2021, UPS agreed to sell their freight business to Canadian rivalTFI International for $800 million.[22] 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 theCOVID-19 pandemic.[23][24] The deal was completed in April 2021.[3] Under the purchase agreement, UPS Freight LTL operations would be independent with existing management remaining in place[25] and would be rebranded "TForce Freight". Truckload operations would be merged into TFI's existing truckload group which includedJoplin, Missouri-basedCFI.[26]
| International | |
|---|---|
| National | |
