Wednesday, November 4, 2009

Less Than Truck Load US Giant FedEx Freight Has New Boss

Logue to Take Over Road Haulage Operator in December
Shipping News Feature

US – Part of the FedEx Corporation will have a new boss from next month. FedEx Freight, the less than truck load (LTL) arm of the group have appointed William J Logue as the new president taking over from Douglas Duncan. Mr Logue will also be CEO from next February having served with Fedex for twenty years after they acquired the famous Flying Tiger group.

Fedex Freight runs the second largest LTL operation in North America running local and long distance LTL services. Like most in the market things have been tough for the group in the past year but the segment which the new boss will control, including the company’s Canadian assets, still turns over in excess of $4 billion annually.

Despite the downturn the Memphis based group expressed satisfaction yesterday at the increase it has seen recently in consignments hauled in Q3 having, in common with others in the industry, seen its turnover plummet dramatically in previous quarters.