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AIFortuneabout 7 hours ago
The management lesson behind FedEx Freight's break from FedExFedEx Freight spun off from FedEx earlier in June. CEO John Smith said the $9 billion less-than-truckload network needed a different operating model than its $90 billion parent. Investment decisions naturally flowed toward FedEx's larger parcel business, limiting control over capital, technology, and sales.
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