UPS Acquires Freightex to Accelerate UK , European Truckload Brokerage Business

UPS announced on January 9 the purchase of Freightex, a U.K.-based asset-light provider of truckload, less-than-truckload, specialized and refrigerated over-the-road services. The acquisition immediately establishes UPS’s presence in the growing U.K. and European third-party logistics (3PL) over-the-road brokerage transportation market and launches a new global and regional UPS growth platform from an established base of customers and carriers. The transaction follows UPS’s acquisition of Coyote Logistics in August 2015. Coyote ... [+]

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