J
Jay C
Guest
Regarding FedEX’s (FDX) decision yesterday to consolidate its freight business carrying “less than truckload,” or LTL deliveries, Dahlman Rose analyst Jason Seidl argues the decision, which apparently was the “most carefully researched decision the company has ever taken,” was the right thing to do: “We believe this action not only bodes well for FedEx Freight but for the rest of the LTL industry.
Seidl’s conclusion, while not elaborated, seems to be that the consolidation, which will eliminate jobs and facilities,
will be a major reduction in capacity in the trucking industry, which should help prices for everyone.
now this is one senseless analysis