FedEx plans to spin off FedEx Freight: What we know about the plan and what it could mean
Analysts believe the spinoff could unlock up to $20 billion in shareholder value while clearing the way for FedEx management to focus on restructuring, potentially boosting long-term growth prospects for its core package operations and what will become a separate freight business.
FedEx is spinning off its freight business
FedEx will spin off FedEx Freight as a new, publicly traded company over the next 18 months, it said on Thursday.
FedEx to Spin Off FedEx Freight as a Separate Public Company
FedEx Freight, which is set to become a separate publicly traded company, contributed $9.4 billion in revenue in 2023. This makes it the largest business segment by sales in the less-than-truckload (LTL) industry.
FedEx to spin off its freight trucking business
FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business.
FedEx Freight Spinoff Draws Positive Analyst Reactions
Wall Street analysts offered overall positive initial reactions to the Dec. 19 news that FedEx Corp. plans to by 2026 spin off its LTL division into a separate, publicly traded company.
FedEx Shares Jump on Plan to Spin Off Freight Trucking Division
The company has been under pressure to unlock shareholder value and streamline operations.
FedEx looks to deliver value by uncoupling freight trucking division
FedEx is the latest to jump on the bandwagon. The US logistics group plans to split out its higher margin freight trucking division into a separate publicly listed company. While the move should unlock immediate gains for shareholders,
FedEx Freight Spin-Off Key to Unlocking Shareholder Value, Analysts Say
FedEx (FDX) shares bounced after the company's earnings report even as sales declined and guidance was lowered thanks to a long-anticipated reorganization announcement that analysts say will drive investor value.
FedEx's freight spinoff plan to fortify core business, boost industry
FedEx's decision to spin off its freight truckload segment will strengthen the business while allowing the parcel delivery ...
Air Cargo News1d
FedEx Freight to be split from FedEx and Q2 Express revenue flat
The board of FedEx has agreed to separate FedEx and FedEx Freight into two public companies with the reasoning that ...
FedEx Outperformed UPS in 2024, but Which Dividend Stock Is the Better Buy for 2025?
FedEx lowered its full-year fiscal 2025 forecast, and now expects flat revenue compared to a prior forecast of a low ...
freightwaves.com6d
FedEx’s divestiture of LTL business marks end of conglomerate era
FedEx's decision to spin off its LTL unit marks the end of an era that began nearly 30 years ago when major parcel carriers ...
Yahoo6d
FedEx Stock Soars After Announcing Freight Spin Off; Mixed Q2 Earnings
FedEx saw fiscal second-quarter earnings come in slightly above analyst expectations Thursday as the company also announced ...
Watch These FedEx Levels as Stock Jumps on Plans for Freight Business Spinoff
FedEx shares moved sharply higher in extended trading on Thursday after the shipping giant announced plans to spin off its ...
FedEx’s freight-unit spinoff offers ‘early Christmas’ to Wall Street
Stifel, TD Cowen and Susquehanna analysts praised the move and boosted their price targets for the delivery giant’s stock.
freightwaves.com3d
FedEx makes big push for third-party air cargo
Federal Express’ strategy for improving profitability and soft parcel volumes includes redeploying aircraft for daytime ...