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TRUCKING INDUSTRY * USA
* Tennessee - FedEx Freight Posts $162 Million Annual Profit
(Photo: A FedEx Dassault Falcon 20)
Memphis,TENN,USA -The Journal of Commerce Online, by William B. Cassidy -Jun 22, 2012: -- FedEx Freight reported a $162 million operating profit for fiscal 2012 on $5.3 billion in revenue, its first annual profit since 2008... The largest U.S. less-than-truckload carrier rolled back into the black in its most recent quarter as well, as stronger pricing and higher volume pushed revenue up 7 percent to $1.4 billion... For the full year ending May 31, FedEx Freight increased revenue 7.1 percent to $5.3 billion — an 18.2 percent increase from its recession low point in fiscal 2010... FedEx Freight plans to make changes to its LTL network next month that it says will speed freight and help the company improve its operating margin...Labels: trucking industry USA
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