FedEx has named more executives to lead the divestment of the Freight subsidiary and run it as an independent company.

FedEx Freight, the less-than-truckload business, and Ground linehaul are also sharing equipment and coordinating routes more than in the past. Story Continues FedEx is merging the Express and ...

FedEx’s stock rose a modest 0.7% as investors weighed the positive spinoff scenario against the delivery company’s lowered 2025 profit outlook of $19 to $20 a share, down from its earlier view ...

FILE PHOTO: A FedEx Express logo is seen on an airplane at Paris Charles de Gaulle airport in Roissy-en-France in France, May 25, 2020. Picture taken May 25, 2020. REUTERS/Charles Platiau/File Photo ...

(Reuters) -FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business. Shares jumped 8% in ...

FedEx has said it will spin off its freight division, as the parcel shipping group responds to investor calls to simplify its sprawling logistics network.

FedEx's stock (FDX) rose a modest 0.7% as investors weighed the positive spinoff scenario against the delivery company's lowered 2025 profit outlook of $19 to $20 a share, down from its earlier ...

FedEx announced the much-anticipated spinoff of its freight trucking division today, as it restructures its operations to focus on its core delivery business. Shares jumped about 9% in after-hours ...