FedEx forecasts strong profits for LTL division

FedEx expects its trucking operating profits to keep rising, despite what could be a rocky economic road in the second half of 2022, executives said at an investor meeting.

FedEx told investors that operating margins at trucking arm FedEx Freight will hit 20 to 22 percent by fiscal 2025, after reaching 17.4 percent in fiscal 2022. Photo credit: Shutterstock.com.

FedEx expects its trucking operating profits to keep rising, despite what could be a rocky economic road in the second half of 2022, executives said at an investor meeting.