FedEx Corp. announced that William J. Logue will retire as president and CEO of its FedEx Freight subsidiary on 31 December 2014. He has guided FedEx Freight since 2010 to a leading position in the US 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 1 January 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 Corp. “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.”