Monday, May 16, 2005

UPS to Buy Overnite for $1.25 Billion

Package-delivery company UPS Inc. on Monday said it is acquiring trucking firm Overnite Corp. for about $1.25 billion in cash, expanding its portfolio of ground-transportation services. Full story here........http://www.forbes.com/business/energy/feeds/ap/2005/05/16/ap2029128.html

2 comments:

Anonymous said...

Can you say.........this is HUGE!

ircookiemonster said...

I have read just about every article out there on this and the one I read yesterday said that this was just the begining of what UPS will be buying to build their LTL company. Who's next ? I imagine it will be non union so maybe CCX or RL Carriers.