UPS to rename Overnite
UPS said today it will rename its recent less-than-truckload acquisition Overnite Corp. as UPS Freight, with effect May 1.
UPS completed the $1.25 billion takeover of Overnite in August last year.
Richmond, Va.-based Overnite, which serves more than 60,000 customers in North America, Guam and the U.S. Virgin Islands, is the former national trucking subsidiary of railroad holding company Union Pacific Corp. that was spun off in November 2003. It comprises two operating companies: Overnite Transportation, which operates in all 50 states, and Motor Cargo a regional LTL carrier that primarily serves the western United States, Canada and Mexico.