FedEx Freight

By Jeff Berman · December 17, 2015
Quarterly net income at $691 million was up 4 percent annually, and revenue at $12.5 billion was up 4.8 percent. Operating income at $1.14 million was up 4.4 percent. Quarterly operating margin—at 9.1 percent—was flat, and adjusted earnings per share of $2.58 were up nearly 16 percent and ahead of Wall Street estimates of $2.51 per share.
By John D. Schulz · November 17, 2014
FedEx Freight and Con-way Freight, two of the largest non-union LTL carriers in the nation, are battling organizing efforts by the Teamsters union in a closely watched unionization effort.
By John Schulz · November 5, 2014
Transportation and logistics titan FedEx said today that Bill Logue, president and CEO of FedEx Freight, its less-than-truckload subsidiary, will retire from his position, effective December 31, 2014. FedEx officials said Logue cited health concerns as the reason for retirement.
By John D. Schulz · October 15, 2014
FedEx Freight and Con-way Freight, two of the largest non-union LTL carriers in the nation, are battling organizing efforts by the Teamsters union in a closely watched unionization effort.
By Jeff Berman · September 17, 2014
The Memphis-based company reported today that quarterly net income of $606 million was up 24 percent annually, and revenue, at $11.7 billion, was up 6 percent. Operating income at $987 million was up 24 percent.
By Jeff Berman · June 20, 2014
As was the case from a company perspective, fiscal fourth quarter output for less-than-truckload market leader FedEx Freight was strong, the company reported in its earnings announcement this week.
By Jeff Berman · May 5, 2014
Effective January 1, 2015, FedEx will apply dimensional weight pricing to all shipments moved via FedEx Ground, and at FedEx Freight, the company’s less-than-truckload group, FedEx has updated its fuel surcharges for the U.S. and Canada by 3 percent.
By Jeff Berman · April 2, 2014
FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx, opened up a new container freight station at its facility in Chicago Summit, Ill. This facility will consolidate and sort freight heading to Puerto Rico.
By Jeff Berman · March 3, 2014
FedEx Freight, the less-than-truckload (LTL) subsidiary of transportation and logistics bellwether FedEx, announced today that it will implement a General Rate Increase (GRI) of 3.9 percent for non-contractual freight, effective March 31.
By Jeff Berman · December 18, 2013
The Memphis-based transportation and logistics bellwether also reported that quarterly revenue of $11.4 billion was up 3 percent from last year’s $11.1 billion, and operating income at $827 million was up 15 percent from $718 million.
By Jeff Berman · December 4, 2013
LM Group News Editor Jeff Berman recently spoke with Bill Logue, president and CEO of FedEx Freight, the less-than-truckload subsidiary of FedEx, at the NITL/IANA Transcomp event in Houston about various industry topics, including rates, regulation, and infrastructure, among others.
By Jeff Berman · June 11, 2013
Following the lead of some of its biggest competitors, FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx Freight, said this week it is raising rates for non-contractual freight in the form of GRI (general rates increases) by 4.5 percent effective, July 1.
By Jeff Berman · May 21, 2013
Last week, FedEx Freight held the grand opening of its new multi-million dollar Vancouver, British Columbia service center, which it said will connect the Western Canada LTL sector and customers through north-south, east-west and global shipping lanes.
By Jeff Berman · March 25, 2013
Revenue at FedEx Freight, the company's less-than-truckload unit, at $1.24 billion was up 0.8 percent from $1.23 billion last year, with an operating margin of 0.3 percent compared to -0.1 percent a year ago.
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