Air Freight and Logistics
Company Overview of FedEx Freight Corporation
FedEx Freight Corporation provides 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 2001 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
Memphis, TN 38120
Founded in 2001
Key Executives for FedEx Freight Corporation
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Operating Officer and Executive Vice President
Senior Vice President of Marketing
Compensation as of Fiscal Year 2013.
FedEx Freight Corporation Key Developments
FedEx Freight Opens New Container Freight Station in Chicago
Mar 27 14
FedEx Freight Corporation announced that it will open a new container freight station in its Chicago Summit, Ill., facility to consolidate and sort freight bound for Puerto Rico, effective March 31. Shipments to Puerto Rico moving from Chicago Summit will travel five days a week, with updated transit standards reflected in transit maps on fedex.com. The service will benefit any customers shipping to Puerto Rico from North America, including in Canada and Mexico. Customers will continue to receive a single invoice for their less-than-truckload (LTL) and full-container-load (FCL) Puerto Rico shipments through the new Chicago location and the existing Jacksonville, Fla., gateway service center. The new Chicago container freight station is part of a network of more than 360 FedEx Freight service centers across North America.
FedEx Freight Reports Unaudited Earnings and Operating Results for the Fourth Quarter and Full Year Ended May 31, 2013
Jun 19 13
FedEx Freight reported unaudited earnings results for the fourth quarter and full year ended May 31, 2013. For the quarter, the company reported total revenue of $1,388 million compared to $1,395 million a year ago. Operating income was $38 million compared to $81 million a year ago. Adjusted operating income of $81 million, unchanged from a year ago. Adjusted operating results benefited from higher weight per shipment, increased yield and favorable operational efficiencies, partially offset by lower shipment volumes.
For the year, the company reported total revenue of $5,401 million compared to $5,282 million a year ago. Operating income was $208 million compared to $162 million a year ago.
The company reported operating results for the fourth quarter and full year ended May 31, 2013. For the quarter, the company reported total average LTL shipments were 85,600 compared to 87,800 a year ago. Composite weight per LTL Shipment was 1,181 lbs compared to 1,163 lbs a year ago. Composite LTL Yield was $19.68 compared to $19.50 a year ago.
For the year, the company reported total average LTL shipments were 85,700 compared to 84,900 a year ago. Composite weight per LTL shipment was 1,161 lbs compared to 1,156 lbs a year ago. Composite LTL Yield was $19.94 compared to $19.57 a year ago.
FedEx Freight Corporation Expands A.M. Delivery Service for Canada
Nov 12 12
FedEx Freight Corporation announced that it has expanded its 10:30 A.M. Delivery option to include Canada. This service is now available for FedEx Freight(R) Priority and FedEx Freight(R) Economy shipments to and from the U.S. and Canada, and for intra-Canada destinations. 10:30 A.M. Delivery, which is also available in the U.S., is supported by a money-back guarantee. The company's network design, supported by advanced technology, enables FedEx Freight to provide fast, reliable service throughout its delivery area in North America.
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