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.
Here’s why FedEx plans to spin off its freight business
FedEx Corp. said late Thursday it plans to spin off its FedEx Freight unit and create two publicly traded standalone companies as the shipping giant looks to “unlock value” for investors.
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 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 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 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.
Layoffs hit more than 900 workers tied to freight industry across US
Supply chain firms in the U.S. have laid off more than 5,235 workers since the beginning of October. The post Layoffs hit ...
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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 Freight to be separated and listed as a new public company
Parcel delivery giant FedEx (NYSE:FDX) said Thursday it has decided to pursue a tax-free separation of FedEx Freight, ...
Passenger and freight traffic surge at city airport in Nov
Coimbatore: Coimbatore International Airport saw significant growth in both passenger and freight traffic in November, ...
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.
How Should You Play FDX Stock Post Plans of Freight Unit Spinoff?
With FDX looking to cut costs in the face of weak demand, we aim to assess the investment worthiness of the stock currently.
Texas, Louisiana ports see surge in November freight volumes
Total freight movements were up in Houston, Corpus Christi and New Orleans, boosted by shipments of consumer goods, machinery ...