October 21, 2016 11:45 PM 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





Key Executives for FedEx Freight Corporation

Chief Executive Officer and President
Age: 62
Chief Financial Officer and Executive Vice President, Finance and Administration
Age: 60
Chief Operating Officer and Executive Vice President
Age: 57
Chairman of Fedex Corp, Chief Executive Officer of Fedex Corp and President of Fedex Corp
Age: 72
Senior Vice President of Marketing
Age: 66
Compensation as of Fiscal Year 2016.

FedEx Freight Corporation Key Developments

Fedex Freight Invests in CNG Fueling at Oklahoma City Service Center

FedEx Freight has purchased more than 100 compressed natural gas (CNG) tractors and has installed a CNG fueling station to serve the new CNG fleet at its Oklahoma City Service Center. FedEx Freight contracted with Clean Energy Fuels Corp. to design, build and maintain the fueling station. FedEx Freight has purchased more than 100 compressed natural gas (CNG) tractors and has installed a CNG fueling station to serve the new CNG fleet at its Oklahoma City Service Center. The fueling station will be showcased at a ribbon cutting ceremony October 11. The FedEx Freight CNG fleet and fueling station in Oklahoma City are examples of FedEx connecting the world responsibly and resourcefully. From upgrading its air and ground fleets to pioneering biofuel and empowering team members through programs like FedEx Fuel Sense and EarthSmart, FedEx delivers innovations to reduce its environmental impact. The CNG fueling station in Oklahoma City also provides efficiency for fueling the fleet through two different methods. The facility includes a four-lane fast fill station which closely replicates a diesel fueling experience. Also on site is a time fill station which has six zones and 18 hoses. In time-fill applications, drivers connect their vehicles to an automated system in which the tractors are fueled over an extended period of time, typically overnight.

FedEx Freight Launches FedEx Freight Box in Us

FedEx Freight, announced the launch of its new FedEx Freight box in the US. This new flat-rate freight box option makes transporting less-than-truckload, or LTL, shipments simple, with improved flexibility, increased security, and best of all, no freight classification. The FedEx Freight box packaging is included in the flat-rate cost and comes in two sizes - a standard size freight box that requires a pallet to ship, and a smaller freight box with an integrated pallet. The freedom to choose the freight box makes freight shipping accessible for businesses, no matter the size. The new FedEx Freight box is a solution that will help small and medium-sized businesses with their freight shipping needs and provide an extra level of security and protection for all customers. The FedEx Freight box is a new, simplified solution that makes it easier for customers of any size to ship LTL by giving them a more parcel-like shipping experience. It is also introducing two new zone-based rate alternatives that will provide customers more options to help them find the pricing that best fits their business needs. Some discounts in the less-than-truckload(LTL) industry are reaching very high levels, so the new FedEx Freight zone lite and FedEx Freight zone lite plus feature recalibrates list rates and lower discounts to provide overall net rates consistent with other FedEx Freight offerings. Also, the zone lite plus rates are fuel inclusive and remove the need to calculate fuel surcharge percentages that fluctuate with the US Department of Energy's price of diesel on a regular basis. With that, customers on the zone lite plus rates will not have to worry about additional fuel surcharges unless the national price of diesel fuel exceeds $3 per gallon.

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.

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