TFI International Acquires RRD's Courier Services Business
March 3, 2020
CHICAGO (News release) -- R.R. Donnelley & Sons Company announced the sale of its Courier Services business to TFI International Inc., a North American leader in the transportation and logistics industry, for an undisclosed amount. Courier Services, previously part of RRD's Logistics business, leverages a national network to provide streamlined courier services for clients.
Dan Knotts, RRD's President and Chief Executive Officer, stated, "The sale of our Courier Services business represents another important step forward as we continue to take decisive actions to optimize our business portfolio and improve our balance sheet flexibility. The transaction enables us to streamline our focus on our strategy as a leading global provider of marketing and business communications." Knotts continued, "I want to thank the Courier Services employees for their support of RRD and wish them well as they join TFI International."
