Fedex Freight Simplifies -- Streamlined Operation Aims to Improve Profit

Summary


FedEx Freight launched a newly streamlined less-than-truckload offering Monday after shedding about 1,300 jobs and closing about 100 redundant service centers.

The trucking arm of FedEx Corp. merged long- and short-haul operations into a unified network in a move to shore up an unprofitable operating unit.

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Extract


Fedex Freight Simplifies -- Streamlined Operation Aims to Improve Profit

The restructuring, announced last September, combines regional and national LTL units into one operation with two levels of service:...

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