FedEx Freight's Independence Day
On Monday, June 1st, FedEx Freight CEO John Smith rang the opening bell at the New York Stock Exchange to celebrate the fact that the company is now operating (and trading) independently.
This story dates back to the summer of 2024, when the idea of separating out FedEx's LTL operating unit was just a very believable rumor. Now they are the largest LTL provider in North America, and what one outlet described as a $9 Billion startup, with 40,000 employees.
And yet, for all of the company-led fanfare, the media coverage was… uninspired? With one notable exception that is…
In this episode of the…
The skinny
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