Journal of Commerce--FedEx Freight lost $110 million in its most recent quarter, despite an 11 percent improvement in yield as sales increased and truck shipments declined.
The merger of next- and second-day less-than-truckload carrier FedEx Freight and long-haul FedEx National LTL accounted for $43 million of the operating loss.
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The merger of next- and second-day less-than-truckload carrier FedEx Freight and long-haul FedEx National LTL accounted for $43 million of the operating loss.
Read more!
