air-cargo

FedEx Board Green-Lights Freight Separation

FedEx's board has formally approved the spin-off of FedEx Freight into a standalone publicly traded company, marking the final approval for the separation. Shareholders will receive an 80.1% pro rata dividend of FedEx Freight common stock. The new company will begin trading on the New York Stock Exchange on June 1, 2026. The separation aims to unlock shareholder value and position FedEx Freight to expand its presence in the less-than-truckload market as an independent operator. Following completion, FedEx will retain 9% of FedEx Freight shares but plans to dispose of them within 24 months. R. Brad Martin, executive chairman of the FedEx Board, will serve as incoming chairman of FedEx Freight's board. Both companies expect to maintain industry-leading positions and deliver enhanced value to stakeholders as separate entities.