The Car and Truck Fleet and Leasing Management Magazine

UPS Agrees to Buy Overnite for $1.25 Billion

May 16, 2005

NEW YORK – United Parcel Service Inc. (UPS) on May 16, 2005, said it agreed to acquire Overnite Corp. for about $1.25 billion to expand its ground freight services in North America, according to Reuters. Atlanta-based UPS said it would pay $43.25 a share for Overnite. It said the acquisition is expected to close during the third quarter, pending regulatory approvals, according to Reuters. Adding Richmond, Va.-based Overnite will add a variety of "less-than-truckload" and "truckload" freight services, said UPS.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

During the period of 1920-1924,Chrysler teamed up with three ex-Studebaker engineers, Fred Zeder, Owen Skelton and Carl Breer, to design a revolutionary new car. They defined what the products of the Chrysler brand would be  affordable "luxury" vehicles known for innovative, top-flight engineering.

Read more

Up Next

More From The World's Largest Fleet Publisher