FedEx finalises American Freightways acquisiton to form FedEx Freight
The acquisition of American Freightways and FedEx created FedEx Freight, a $1.9 billion, less-than-truckload subsidiary that includes American Freightways and its sister operating company, Viking Freight.
FedEx Freight is the latest addition to the FedEx family of operating companies that operate independently but compete collectively. Leading the new LTL company will be Douglas G. Duncan, previously president and CEO of Viking.
“Uniting these two exceptional companies under FedEx Freight strengthens our portfolio of services, helping us build a complete suite of supply-chain solutions for all customers,” Duncan said.
Both American Freightways and Viking provide next-day and second-day regional freight delivery
By combining Viking, the leading LTL carrier in the western United States, with American Freightways, which offers direct, all-points freight services in 40 states, FedEx Freight says it will offer one-stop shopping for LTL customers.
Author:Newsdesk, eyefortransport
