FedEx Corp. (NYSE:FDX) Chairman and CEO Frederick W. Smith has said that “density is our destiny.” Beyond the clever turn of phrase, Smith’s words ring very true. For carriers of all modes, building effective shipment density is critical to sustained profitability. But it is especially critical in the world of parcel delivery, a labor-intensive business that involves multiple stops by each driver every day.
For decades, the parcel-delivery industry was dominated by what is known as...
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