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August 28, 2015 9:19 AM ET

Air Freight and Logistics

Company Overview of FedEx Freight Corporation

Company Overview

FedEx Freight Corporation provides less-than-truckload (LTL) freight services. It offers transportation, e-commerce, and business services. It offers express transportation and small-package shipping services to business-to-business and residential customers in the United States. The company was founded in 2000 and is based in Memphis, Tennessee with a regional distribution center in Wichita, Kansas. FedEx Freight Corporation operates as a subsidiary of FedEx Corporation.

1715 Aaron Brenner Drive

Suite 600

Memphis, TN 38120

United States

Founded in 2000

Phone:

901-346-4400

Fax:

901-434-3118

Key Executives for FedEx Freight Corporation

Chief Executive Officer and President
Age: 61
Chief Financial Officer and Senior Vice President
Age: 59
Chief Operating Officer and Executive Vice President
Age: 56
Chairman of Fedex Corp, Chief Executive Officer of Fedex Corp and President of Fedex Corp
Age: 71
Senior Vice President of Marketing
Age: 65
Compensation as of Fiscal Year 2015.

FedEx Freight Corporation Key Developments

FedEx Freight Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2015

FedEx Freight reported unaudited earnings results for the fourth quarter and full year ended May 31, 2015. For the quarter, the company reported revenue of $1.57 billion against $1.55 billion a year ago. Operating income was $137 million against $130 million a year ago. Operating results improved primarily due to the positive impact of higher LTL revenue per shipment. For the full year, the company reported revenue of $6,191 million against $5,757 million a year ago. Operating income was $484 million against $351 million a year ago.

FedEx Freight Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015

FedEx Freight reported unaudited earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported revenue of $1.428 million compared with $1.347 million for the same period last year. Operating income was $0.068 million compared with $0.035 million for the same period last year. Operating results improved due to the positive impacts of higher LTL revenue per shipment and higher average daily LTL shipments. For the nine months, the company reported revenue of $4.622 million compared with $4.205 million for the same period last year. Operating income was $0.384 million compared with $0.217 million for the same period last year.

FedEx Freight Corporation Announces Management Changes, Effective from December 31, 2014

FedEx Freight Corporation announced that William J. Logue will retire as President and CEO on December 31, 2014. Michael L. Ducker will succeed Logue as President and CEO of the company. Ducker will move into his new role on January 1, 2015, from his current position as Chief Operating Officer of FedEx Express. He has led the build out of the FedEx Express global air-ground network, and the growth of its international business.

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