FedEx-CMA CGM deal hints at new battle for air cargo capacity
When CMA CGM announced its $1.4bn acquisition of FedEx Supply Chain, most attention focused on the contract logistics business ...
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© Julia Galuzinskaya
| Dreamstime.com
The noise surrounding the future of FedEx Freight – One FedEx’s shiny less-than-truckload* (LTL) unit, market leader by sales in that segment in North America – has seldom been louder.
(*Here are the LTL rankings pre-Yellow demise last year.)
And the remarks of Satish Jindel (pictured below), president of SJ Consulting, didn’t fall on deaf ears.
As reported by The Loadstar last week FedEx’s LTL arm could be valued at as much as $50bn – it was in 2021 when Jindel “urged” FedEx ...
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