UPS agreed to pay the Securities and Exchange Commission $45 million to settle charges it overvalued UPS Freight before ...

The former UPS Freight LTL carrier – which has been enough of a headache for its subsequent owner that its CEO felt the need to defend its acquisition in a recent earnings call – was not ...

In 2021, the company sold its UPS Freight less-than-truckload unit, which combined multiple customer loads in a single trailer, to Canada-based trucking company TFI International for $800 million.

According to the SEC’s order, UPS determined in 2019 that UPS Freight, a business unit that transported less-than-truckload shipments, was likely to sell for no more than about $650 million.

UPS Inc. has reached a $45 million settlement with the U.S. Securities and Exchange Commission over claims made by the agency that the parcel carrier improperly valued its freight business in its ...

The company failed to follow generally accepted accounting principles when it evaluated its less-than-truckload operations in 2019 and 2020, the SEC said Friday in a statement. “Had UPS properly ...