Question · Q4 2024
Richie Sun inquired about the progress of the less-than-truckload (LTL) business in Q4 and the key differences between FTA's LTL carpooling and traditional dedicated line services.
Answer
CFO Chong Cai highlighted the LTL business's rapid growth, driven by deeper penetration into offline markets and optimized carpooling features. He contrasted their efficient door-to-door model with traditional logistics. Key growth came from direct shippers migrating from offline options, supported by new product features like a price comparison tool and dedicated route operations for truckers.
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