FedEx Corp. (NYSE: FDX) announced the official launch of its new long-haul less-than-truckload (LTL) service, FedEx National LTL. Additionally, the company formally launched direct LTL service in
FedEx National LTL and FedEx Freight
"In five months, we have made tremendous progress in our strategy of providing a reliable and cost-effective service for long-haul shippers," said Douglas G. Duncan, president and CEO of FedEx Freight. "The cultural fit between the former Watkins Motor Lines and FedEx, with a shared focus on employee engagement and customer service, has made it possible for us to achieve a great deal in a short period of time. We have hired close to 9,000 employees, re-branded equipment and integrated Web sites to allow customers to quickly and seamlessly navigate between our regional and long-haul services."
FedEx National LTL has also re-engineered its operations to focus on the long-haul market with a strictly scheduled network, similar to FedEx Freight's operations in the regional market. These changes enhance FedEx National LTL's already strong on-time performance, a key requirement of shippers in all sectors.
"Whether something is moving next-day or cross-country, dependability is critical to supply chain management. We believe that FedEx National LTL will offer a level of consistency and on-time performance that has been missing in the long-haul market," said Fred Boehler, vice president of supply chain, Borders Group, Inc.
Borders Group is a leading global retailer with more than 1,300 stores worldwide, including Borders and Waldenbooks stores located throughout the
According to Boehler, the decision to use FedEx National LTL was driven by positive experiences with other FedEx operating companies and the corporation's proven ability to execute and meet the needs of its customers.
In addition to expanding its domestic portfolio through FedEx National LTL, FedEx Freight is enhancing its Canadian service offerings with FedEx Freight
About FedEx Freight
Within FedEx Corp., the FedEx Freight Segment had annual revenues of $3.6 billion in fiscal year 2006. The Segment includes FedEx Freight, a leading
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $34 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 275,000 employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit www.fedex.com.