president and chief executive officer. How Will FedEx Freight Spin-Off Affect The Less-Than-Truckload Market? FedEx Freight is the largest less-than-truckload carrier in the industry, according to ...

Less-than-truckload revenue increased by 15.1% to $263M while operating income was up 9.3% to $33.0M. The adjusted operating ratio improved 80 basis points to 85.9%.