Amid all the talk of planes and parcels, it’s easy to forget that FedEx Corp.’s LTL business, once the company’s problem child, has become the golden child.
A business unit that accounts for about 10% of FedEx’s (NYSE: FDX) fiscal 2022 fourth-quarter revenue will never be the tail that wags the $92 billion annual revenue dog. Yet there is no denying that FedEx Freight was the star of the company’s latest quarterly show. Operating income more than doubled year-over-year to $602 million, exceeding...
https://www.freightwaves.com/news/ltl-steals-the-fedex-quarterly-show