UPS agrees to by Overnite for $1.25bn

[Dav8tor]

United Parcel Service on Monday agreed to acquire Overnite Corporation, a US trucking company, for $1.25bn in cash, further diversifying the group beyond its traditional parcel delivery business.

The deal fills a strategic gap for UPS, which had been largely absent from the domestic ground transportation sector.

 

[starchkr]

Well while they are in the buying mood...Airnet is up for sale. It would be nice to be a subsidiary of such a wonderful company. (shmooze fest here...is it working?)