FedEx Freight Overview
Headquarters: Memphis, Tennessee, USA
CEO: Raj Subramaniam (as of 2024)
Founded: 1971 (FedEx Corporation), FedEx Freight established in 2001
Industry: Freight Transportation, Logistics, Less-than-Truckload (LTL)
Stock Symbol: FDX (NYSE)
Key Facts About FedEx Freight
- Largest Less-Than-Truckload (LTL) Carrier in the U.S.: Specializes in LTL shipping, meaning it transports smaller freight shipments that don’t require a full truck.
- Fleet Size: Over 87,000 trucks operating across North America.
- Daily Shipments: Moves thousands of freight shipments every day across the U.S., Canada, and Mexico.
- Service Options: Offers Priority (faster delivery) and Economy (cost-effective shipping) services.
- E-Commerce & Business Logistics: A major freight provider for businesses needing reliable supply chain solutions.
Major Business Divisions
- FedEx Freight Priority: Fastest transit times for time-sensitive freight.
- FedEx Freight Economy: Cost-efficient solution for less urgent shipments.
- FedEx Custom Critical: Expedited freight services for specialized deliveries.
- FedEx Freight Direct: Delivers larger items (e.g., furniture, appliances) directly to homes and businesses.
Recent Developments & Achievements
- Sustainability Efforts: Investing in electric trucks and fuel-efficient delivery solutions.
- Tech Innovations: Utilizing AI and automation to optimize freight logistics.
- Growth in E-Commerce Freight: Expanding LTL services to support rising online shopping demand.
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