FedEx Freight now offering 10:30 A.M. delivery service into Canada
November 15, 2012
FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx said this week it has expanded its 10:30 A.M. Delivery option to Canada.
FedEx said this service will be made available for FedEx Freight Priority and FedEx Freight Economy shipments to and from the U.S. and Canada and intra-Canada, too, adding that the 10:30 A.M. Delivery has a money-back guarantee and is also available in the U.S.
FedEx Freight Priority is a fast-transit choice for reliable, time-sensitive LTL freight delivery, and FedEx Freight Economy is a less costly choice for reliable LTL freight delivery. These services were launched by FedEx Freight in 2011 as part of a network reconfiguration.
“This enhancement reflects our commitment to offer greater speed and reliability in LTL shipping throughout North America,” said Bill Logue, president and CEO of FedEx Freight, in a statement. “The option of delivery by 10:30 a.m. allows customers to reduce overall supply chain costs through better planning of staffing and manufacturing schedules, as well as managing tighter inventory levels.”
A FedEx spokesperson told LM at this week’s TransComp expo, hosted by the National Industrial Transportation League and the Intermodal Association of North America, that the main reason this service was extended into Canada was due to its popularity in the U.S., which was well-received and enabled FedEx Freight to rapidly increase its service coverage. And the spokesperson said that offering the 10:30 a.m. service across the border shows how FedEx Freight is committed to making sure as many shippers as possible can benefit from its aggressive transit standards.
In the fiscal first quarter, FedEx Freight had an operating income of $90 million, which represented a 114 percent increase over $42 million from the same time frame a year ago. Revenue—at $1.4 billion—was 5 percent better than $1.33 billion a year ago, and its 6.4 percent operating margin was ahead of last year’s 3.2 percent.
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