R.R. Donnelley & Sons Company (RRD) (NYSE: RRD), a leading global provider of multichannel solutions for marketing and business communications, today announced the sale of its Courier Services business to TFI International Inc. (TSX and NYSE: TFII), 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."
RRD is a leading global provider of multichannel business communications services and marketing solutions. With more than 50,000 clients and 36,400 employees across 29 countries, RRD offers the industry’s most comprehensive offering of solutions designed to help companies—from Main Street to Wall Street—optimize customer engagement and streamline business operations across the complete customer journey. RRD offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to create, manage, deliver, and optimize their marketing and business communications strategies.
For more information, visit the Company's web site at www.rrd.com.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks, and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RRD's filings with the SEC. RRD disclaims any obligation to update or revise any forward-looking statements.
Johan Nystedt, Senior Vice President, Finance