FedEx Freight President & CEO William J. Logue to Retire December 31 for Health Reasons
FedEx Corporation (NYSE:FDX) today announced that William J. Logue will retire as President and CEO of its FedEx Freight subsidiary on December 31, 2014. He has guided FedEx Freight since 2010 to a leading position in the U.S. Less-Than-Truckload (LTL) market. He cited health concerns as the reason for his decision to retire.
Michael L. Ducker, a 40-year FedEx veteran, will succeed Logue as President and CEO of FedEx Freight. Ducker will move into his new role on January 1, 2015, from his current position as Chief Operating Officer of FedEx Express. He has led the build out of the FedEx Express global air-ground network, and the growth of its international business.
“Bill Logue has led FedEx Freight to significant growth, success and a leading position in the LTL industry,” said Frederick W. Smith, Chairman and CEO of FedEx Corporation. “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. He has established himself as an all-time great leader during his 25 years at FedEx, and while we are sorry to see Bill retire, he has our gratitude, support and best wishes.”
About FedEx Freight
With corporate offices in Memphis, Tenn., the FedEx Freight Segment includes FedEx Freight, a leading U.S. provider of LTL freight services; FedEx Freight Canada, an LTL operating company serving most points in Canada; and FedEx Custom Critical, North America's largest time-specific, critical shipment carrier. FedEx Freight also serves Mexico, Puerto Rico and the U.S. Virgin Islands. For more information, visit fedex.com.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $46 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
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