When United Parcel Service (UPS) announced on January 25 that it was selling its freight division to the Montreal-based TFI International Inc., it hit like a bombshell. The sale represents a major shakeup of the freight industry, and it is the first major strategic decision by new UPS CEO Carol Tomé. It is also part of ongoing restructuring of UPS, the largest unionized private-sector employer in the United States, and it therefore warrants close attention.
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