LTL giant returns to black, plans additional network changes, yield improvement
FedEx Freight reported a $162 million operating profit for fiscal 2012 on $5.3 billion in revenue, its first annual profit since 2008, when it earned $329 million.

The largest U.S. less-than-truckload carrier rolled back into the black in its most recent quarter as well, as stronger pricing and higher volume pushed revenue up 7 percent to $1.4 billion.
FedEx Freight Posts $162 Million Annual Profit | Journal of Commerce