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There's an article in the current Fortune magazine about FedEx's foray into LTL. LTL is described as a fragmented industry, and FedEx is generating strong earnings from it (and increasing market share) as well as from air shipments to and from China through a hub in Anchorage. The overnight letter business has been fading because of the internet. <br /> <br />Fred Smith has sure been visionary. Wonder if he sees any potential for rail in his crystal ball?
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