FedEx Archives: 2002 Press Releases

( BW)(TN-FEDEX-FREIGHT)(FDX) FedEx Freight Names Presidents of Operating Companies

    Patrick (Pat) L. Reed, corporate vice president and chief operating officer for FedEx Freight East, has been named president and CEO of FedEx Freight East, effective December 1, 2002. He replaces Thomas (Tom) R. Garrison, who is retiring. Keith Lovetro, who currently serves as senior vice president of FedEx Freight West, has been named president and CEO of FedEx Freight West, effective January 1, 2003. He replaces Tilton G. Gore, who is also retiring. FedEx Freight is the leader in regional LTL (less-than-truckload) freight services and is a subsidiary of FedEx Corp. (NYSE:FDX).

    "We are very appreciative of the many contributions that both Tilton and Tom have made to the organization. We wish them well in their retirement," said Douglas G. Duncan, president and CEO of FedEx Freight Corp. "I am equally pleased to have Keith and Pat as the new leaders of our operating companies. Both have proven track records in our organization and in the industry. They have already been major architects for our regional service strategy, and I am confident that, going forward, they will enhance value for all of our stakeholders, including our customers, our employees and our shareholders."

    Pat Reed

    Reed joined FedEx Freight East, formerly known as American Freightways, in 1996 as a special projects manager and was promoted to regional vice president of operations the same year. In 1997, he was named division vice president of operations. He was promoted to executive vice president of operations in 1999, and was appointed as COO in January 2002.

    Reed has an extensive background in the transportation industry, including ten years with Con-Way Western Express, where he held positions of responsibility in sales, operations, human resources and maintenance. Reed is a graduate of West Liberty State College and currently serves on the Supply Chain Management Research Board of the University of Arkansas. He is also the corporate sponsor for Lowe's and serves on the strategic planning boards for several major customers.

    Tom Garrison

    Garrison joined American Freightways in 1982 as treasurer, establishing the initial accounting and information technology functions. He was elected to the company's board of directors in 1985, and during his 20-year span with the company, Garrison led various functions throughout the business. He was promoted to president in June of 1998, and assumed the additional position of CEO in June 1999.

    Working with a skilled and cohesive team of executive management, FedEx Freight East has, as previously reported, consistently improved year-over-year earnings every quarter since 1997. During that time, FedEx Freight East was recognized as one of America's Most Admired Companies by FORTUNE magazine and as one of America's Best Big Companies by Forbes magazine. In 2001, the American Trucking Associations (ATA) honored the company with its prestigious President's Trophy for outstanding safety performance.

    A graduate of the University of Arkansas, Garrison was named Accountant of the Year in Industry for 2001 by the Sam M. Walton College of Business. Additionally, he serves on the Dean's Executive Advisory Board, the Supply Chain Management Research Center, and the board of directors of the Arkansas Trucking Association.

    Keith Lovetro

    Lovetro joined FedEx Freight West, formerly known as Viking Freight, in 1994 as director of marketing. In 1996, he was named director of customer service and was promoted to director of customer service and inside sales in 1997. He was promoted to vice president of marketing in 1998, and was named senior vice president of the company in 2001.

    During his career in the transportation industry, he also held positions in sales, pricing and customer service with Emery Worldwide and CF Airfreight. Lovetro holds an MBA from the University of Santa Clara and a BA from the University of California. He is a member of the American Marketing Association and the Business Marketing Association and has received numerous awards for marketing and advertising excellence.

    Tilton Gore

    Gore began his career with Viking in 1986 as director of operations for the southern region. He was promoted to vice president of service center operations in 1989, then was named senior vice president in 2000, and was promoted to president and CEO in February 2001.

    During his time with the company, Gore was instrumental in building its network of service centers throughout the West and its unparalleled on-time performance record. FedEx Freight West has been recognized with numerous customer and industry awards for the quality of its service, including the Quest for Quality award and as the NASSTRAC (National Small Shipment Traffic Conference) Western Regional Carrier of the Year. In 1999 the company received the prestigious President's Trophy from the ATA for its outstanding safety program.

    A veteran of the transportation industry, Gore previously served as vice president of operations and as a member of the board of directors and part owner of System 99 Trucking. He started his career with Thompson Truck Lines in 1963, which was acquired by System 99 in 1967. He went on to hold positions of increasing responsibility in operations, management and information systems and industrial relations.

    About FedEx Freight

    As a member of the FedEx Corp. family of companies, FedEx Freight is the $2 billion leading provider of next-day and second-day regional LTL freight services. With corporate offices in Memphis, Tenn., FedEx Freight is composed of two operating companies, FedEx Freight East and FedEx Freight West, both known for exceptional service, reliability and on-time performance. Through a comprehensive network of service centers and advanced information systems, the two companies provide service to virtually all U. S. zip codes, including Alaska and Hawaii, plus Puerto Rico. Internationally, they provide service to North, Central and South America, the Caribbean and Europe. More information about FedEx Freight East, based in Harrison, Ark., and about FedEx Freight West, based in San Jose, Calif., can be found at www.fedexfreight.fedex.com.

    About FedEx Corp.

    With annual revenues of $21 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Freight, the largest U. S. provider of regional less-than-truckload freight services; FedEx Custom Critical, North America's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs clearance, international freight forwarding and trade facilitation.

    NOTE TO EDITORS: Press releases and additional information about FedEx Corp. and its operating companies can be found on the World Wide Web at http://www.fedex.com.
    Photos available upon request.

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    CONTACT: FedEx Freight
             Debra Phillips, 901/395-2842
             debra.phillips@fedex.com

    KEYWORD: TENNESSEE
    INDUSTRY KEYWORD: TRANSPORTATION MANAGEMENT CHANGES
    SOURCE: FedEx Freight