According to a Morgan Stanley estimate, Amazon represents around 3.4% of FedEx’s overall income, making it the courier’s top client. The e-commerce behemoth has become more dependent on FedEx, with Morgan Stanley estimating that by 2022, Amazon’s revenue share from FedEx may increase to 6%.
Even while FedEx has been enhancing its offerings to take on Amazon, like introducing same-day delivery and working with merchants, the e-commerce behemoth still commands the market. FedEx is increasingly essential to Amazon’s ability to deliver its goods to customers around the world as its business expands.
DHL and UPS are two of the most well-known companies in the world of international delivery. But when the two are put side by side, UPS comes out on top. In 2020, UPS made $74.1 billion in sales and DHL made $69.2 billion, according to Statista.
Despite this, UPS is more prevalent in North America whereas DHL is more prevalent in Europe and Asia. Both organizations provide a broad range of shipping and logistics services to clients in both the commercial and consumer sectors.
Early in 2021, UPS announced that it will be paying TFI International, a Canadian firm, $800 million to purchase its UPS Freight segment. The action was a component of UPS’s plan to concentrate on small package delivery, which has experienced a spike in demand as a result of the COVID-19 outbreak.
Since UPS Freight, which offers truckload and less-than-truckload (LTL) freight services, was not a lucrative division of UPS’s operations, the firm decided to sell it in order to concentrate on its core competencies. After the sale was finalized in April 2021, UPS Freight changed its name to TForce Freight and became a division of TFI International.
No, UPS does not own TForce Freight. TFI International, a Canadian transportation and logistics firm that bought UPS Freight in 2021, owns TForce Freight as a subsidiary. With an emphasis on offering unique solutions to satisfy its clients’ demands, TForce Freight provides LTL freight services all across the United States. What Causes UPS Freight to Become TForce?
As was previously announced, UPS sold its UPS Freight segment to TFI International in early 2021 for a price of $800 million. UPS Freight was renamed TForce Freight as part of the deal and is now a division of TFI International.
The choice to rebrand was made in order to set TForce Freight apart from UPS as the two businesses are no longer affiliated. TForce Freight is still offering LTL freight services all throughout the United States, concentrating on offering tailored solutions to satisfy their clients’ requirements.