economy
FedEx Freight CEO says the spinoff will help the company 'leapfrog' competitors
FedEx Freight CEO John Smith said the company's separation from FedEx will allow it to invest more aggressively in growth initiatives.
TL;DR
- FedEx Freight is now an independent company, spun off from FedEx.
- CEO John Smith believes the separation will allow for more aggressive investment in growth and better competition in the LTL market.
- The company plans to invest heavily in customer-facing technology and expand its sales force.
- FedEx Freight aims to achieve a 15% operating margin by 2029.
- The company is confident in its ability to grow and gain market share, even in a down economy.