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FedEx Freight’s Logue to Retire; Ducker is Successor

November 05, 2014

WJLogue.jpg
                                         FedEx Corp.

FedEx Freight CEO William Logue, who led the unit back to historical profitability levels, will retire for health reasons Dec. 31, to be succeeded by Michael Ducker, chief operating officer of FedEx Express.

The statement from Memphis, Tennessee-based FedEx Corp. noted that Logue, 57, has led the largest less-than-truckload carrier since 2010, increasing profitability his entire tenure.

“Bill Logue has led FedEx Freight to significant growth, success and a leading position in the LTL industry,” FedEx CEO Frederick Smith said. “He navigated some of the worst economic conditions the industry has ever seen and delivered outstanding results while positioning FedEx Freight for long-term success.”

In the first full quarter after Logue was appointed to head the unit, FedEx Freight lost $107 million from operations and generated revenue of $1.04 billion. Last quarter, which ended Aug. 31, the unit produced profit of $168 million and revenue rose by nearly half to $1.51 billion.

http://www.ttnews.com/articles/basetemplate.aspx?storyid=36522&utm_source=express&utm_medium=newsletter&utm_campaign=newsletter

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