FedEx Freight CEO says spinoff enables more aggressive investment to outpace LTL competitors
By
Alexa LoMonaco
Summary
FedEx Freight CEO John Smith announced that the company's spinoff from FedEx will enable more aggressive investment in the less-than-truckload (LTL) shipping market. The company began trading as an independent entity on Monday, and Smith believes the separation will allow capital to be directed specifically to LTL operations, helping FedEx Freight outperform competitors.
Source
bskyFedEx Freight CEO says spinoff enables more aggressive investment to outpace LTL competitorscnb.cxKey quotes
· 1 pulledThe things that we are going to be able to control now, especially from a capital and investment perspective, be able to put dollars into the LTL company that are LTL specific ... That's going to help us leapfrog the competitors.
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