FedEx Freight, which is set to become a separate publicly traded company, contributed $9.4 billion in revenue in 2023. This ...

With FDX looking to cut costs in the face of weak demand, we aim to assess the investment worthiness of the stock currently.

Logistics problems caused by the emergency reorientation of trade to the East are only getting worse. This year, at least a ...

Supply chain firms in the U.S. have laid off more than 5,235 workers since the beginning of October. The post Layoffs hit ...

FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to ...

Stifel, TD Cowen and Susquehanna analysts praised the move and boosted their price targets for the delivery giant’s stock.

FedEx Corp. said late Thursday it plans to spin off its FedEx Freight unit and create two publicly traded standalone ...

FedEx will spin off FedEx Freight as a new, publicly traded company over the next 18 months, it said on Thursday.

FedEx shares moved sharply higher in extended trading on Thursday after the shipping giant announced plans to spin off its ...

The company has been under pressure to unlock shareholder value and streamline operations.

Because of the weak market, FedEx had to reduce its year-end profit outlook for a second time in as many quarters. The ...

FedEx Corp. said it plans to spin off its freight division into a separate publicly traded company, a move that will advance ...