UPS buys Freightex brokerage business
UPS has bought Freightex, the asset-light provider of truckload, and less-than-truckload services, for an undisclosed sum. “The UK and Europe are strategic 3PL freight brokerage growth markets for UPS and there is significant cross border opportunity,” said Alan Gershenhorn, UPS chief commercial officer. “This acquisition provides UPS customers an immediate, knowledgeable and competitive UK and…