FedEx Freight profit soars as LTL demand rises

FedEx Freight profit soars as LTL demand rises

FedEx Freight, the smallest operating division of FedEx but biggest stand-alone U.S. trucking company, flew higher than the company’s flagship Express division in the last quarter, increasing its operating profit a lofty 70 percent to $168 million on a 13 percent increase in revenue to $1.61 billion.

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