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Chicago Airport staged a new version of the "Happiness Terminal", TFI closed before the UPS Cargo Terminal control costs Chicago Airport staged a new crown version of the "Happiness Terminal" Estes Express invested in Cargo Chief, CEO joined the board of directors TFI will close the former UPS Cargo Terminal to control costs

<h1 class="pgc-h-arrow-right" data-track="40" > Chicago Airport staged a new version of the "Happy Terminal"</h1>

Chicago Airport staged a new version of the "Happiness Terminal", TFI closed before the UPS Cargo Terminal control costs Chicago Airport staged a new crown version of the "Happiness Terminal" Estes Express invested in Cargo Chief, CEO joined the board of directors TFI will close the former UPS Cargo Terminal to control costs

Aditya Singh, a 37-year-old man of Indian descent, boarded a flight from Los Angeles to Chicago on October 19, 2020, with plans to fly back to India. He previously entered the U.S. on a student visa and completed his master's degree from Oklahoma State University in the summer of 2019. When his visa was about to expire, he decided to return home.

However, after his arrival at chicago airport, Singh claimed that the coronavirus had caused his fear of flying. He chose to give up flying and live at Chicago's O'Hare Airport. From October 19, 2020 to January 16, 2021, he has been wandering the airport, making a living off food provided by some passengers and staff. In January, he was found by two United Airlines employees asking to see his ID, while Singh provided a lost ID and was arrested and charged with trespassing.

Recently, a Chicago judge acquitted him, holding that Singh, as an ordinary passenger, entered the airport terminal normally and legally, did not break into the airport restricted area without permission, and therefore would not be punished for the felony of trespassing. Singh's troubles haven't completely gone away, though, and he will reappear on evasion charges related to electronic surveillance.

<h1 class="pgc-h-arrow-right" data-track="1" > Estes Express invests in Cargo Chief, CEO joins the Board</h1>

Chicago Airport staged a new version of the "Happiness Terminal", TFI closed before the UPS Cargo Terminal control costs Chicago Airport staged a new crown version of the "Happiness Terminal" Estes Express invested in Cargo Chief, CEO joined the board of directors TFI will close the former UPS Cargo Terminal to control costs

On Oct. 28, Digital Freight Matching Company Cargo Chief said Rob W. Estes Jr., president and CEO of LTL carrier Estes Express Lines, had invested in Cargo Chief and joined the company's board of directors. The amount of investment in Estes was not disclosed.

Based in Richmond, Virginia, Estes is the fifth-largest LTL carrier in the United States and the largest private LTL carrier in North America, founded in 1931 by Estes' grandfather, WW Estes.

This is not Estes' first investment in digital freight matching. He was a former investor in Cargomatic, which matches shippers with capacity in the short-haul truck and LTL markets. It's unclear if Estes remains an investor in the company.

<h1 class="pgc-h-arrow-right" data-track="11" > TFI will close the former UPS freight terminal to control costs</h1>

Chicago Airport staged a new version of the "Happiness Terminal", TFI closed before the UPS Cargo Terminal control costs Chicago Airport staged a new crown version of the "Happiness Terminal" Estes Express invested in Cargo Chief, CEO joined the board of directors TFI will close the former UPS Cargo Terminal to control costs

On October 29, Alain Bédard, ceo of Canadian logistics giant TFI, said TFI International plans to close four former UPS freight stations in December to reduce costs and optimize its U.S. LTL network. The three sites that can be identified are located in Chicago and West Virginia, and the fourth site has not yet been identified.

That's a tiny fraction of TFI's more than 200 sites acquiring UPS Freight for $800 million. But Bédard hinted there could be more closures next year.

Bédard made the comments while discussing TFI's third-quarter financial results. The Montreal-based company had a strong third-quarter performance, with profits up 60 percent from a year ago. But it also stressed that TFI had a long way to go to transform the UPS Freight business (now known as TForce Freight). The U.S. LTL division climbed 6 basis points to 90.7 percent in the quarter after achieving a staggering cost-to-expense ratio of 90.1 percent in the previous quarter, while the large trucking business was barely profitable.

Bédard's long-term vision for TForce Freight is ambitious, with LTL operations in the U.S. operating at an 80 percent cost expense rate like Canada's. But he told analysts the process wouldn't be quick.

Source: FreightWaves

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