Whopping $50bn FedEx Freight? Or?
Running the numbers
Capacity problems have become a fact of life for shippers, but few had as little time to deal with a shortfall as those companies that were informed by FedEx Freight on Friday, 11 June that the LTL firm would stop picking up their shipments the following Monday.
FedEx Freight was trimming business to cope with surging volumes and decided to cut out some large shippers for the sake of retaining more lucrative traffic.
Michael Johnson, executive vice-president of strategy at Redwood Logistics, ...
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