FedEx Freight Posts $162 Million Annual Profit

[R-14Driver]

LTL giant returns to black, plans additional network changes, yield improvement

FedEx Freight reported a $162 million operating profit for fiscal 2012 on $5.3 billion in revenue, its first annual profit since 2008, when it earned $329 million.

The largest U.S. less-than-truckload carrier rolled back into the black in its most recent quarter as well, as stronger pricing and higher volume pushed revenue up 7 percent to $1.4 billion.

The industrial freight arm of FedEx reported an $81 million operating profit in the quarter that ended May 31, a 93 percent increase from its year-ago profit.

The carrier more than recovered from a $1 million operating loss in its fiscal third quarter ending Feb. 29, posting a quarterly operating ratio of 94.2 percent.

For the full year ending May 31, FedEx Freight increased revenue 7.1 percent to $5.3 billion — an 18.2 percent increase from its recession low point in fiscal 2010.

FedEx Freight plans to make changes to its LTL network next month that it says will speed freight and help the company improve its operating margin.

“We’ll be speeding up about 6,000 lanes,” President William J. Logue, said during a conference call with stock analysts after FedEx released earnings June 19........................

FedEx Freight Posts $162 Million Annual Profit | Journal of Commerce

[roogie]

Speeding up 6000 lanes? That should be fun. I guess that means my truck will be faster woohoo!

roog

[Superstar-ss39]

Yesssssssss, dinner at McDonalds here I come!!!

[mr postman]

maybe an ice cream cone to go with it superstar

[Clandestine_ice]

WTF does this mean?? Speeding up? Network changes? What in the hell do these CS'ers have in mind now. Sonofabitch! Would they just stop screwing around with people's lives. Good lord man

[Rat]

FedEx Freight plans to make changes to its LTL network next month that it says will speed freight and help the company improve its operating margin.

“We’ll be speeding up about 6,000 lanes,” President William J. Logue, said during a conference call with stock analysts after FedEx released earnings June 19........................

FedEx Freight Posts $162 Million Annual Profit | Journal of Commerce

“We’ll be speeding up about 6,000 lanes,”.....

...... That some funny **** right there...don't care who you are!!!

They don't leave anything alone long enough to see if it actually has any benefit. No discernible immediate benefit?...SCREW IT!!!!...lets change it again.

What the hell do they think will speed up? It might work if those losers at CD were concerned with moving freight and customer service.

I don't see that happening any time soon. They just don't see the "Big Picture"...

The only thing to speed up will be mass confusion...frustration...stress...and lost jobs.

In the mean time 'load factor' requirements will be increased (resulting in more damaged freight) plus the usage of additional over cubed PT wagons...all in the name of MORE PROFITS!

They reported a 94.2% OR...so 'something' was working.

Perhaps Bill L. (aka The Purple Problem) is a Cogdon wannabee.

Not gonna happen.

Rat

[Clandestine_ice]

Yea Rat, efficiency is never synonymous with job creation.

[Rat]

Yea Rat, efficiency is never synonymous with job creation.

I was thinking more along the lines of job retention.

Rat

[Clandestine_ice]

I was thinking more along the lines of job retention.

Rat

Yea, no doubt

[HILLBILLY]

Did everybody read the first line?

LTL giant returns to black, plans additional network changes, yield improvement
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