DivestmentJul 20, 2026, 04:17 PM
FedEx Completes Freight Spin-Off, Sells Supply Chain for $1.4B
AI Summary
FedEx completed the spin-off of its less-than-truckload freight transportation services business, FedEx Freight, on June 1, 2026, distributing 80.1% of its shares to stockholders. The company also announced the sale of its FedEx Supply Chain business to CMA CGM Group for $1.4 billion on July 1, 2026, expected to close in the second half of 2026. Effective June 1, 2026, FedEx changed its fiscal year end from May 31 to December 31 and realigned its reportable segments to Express U.S. Domestic and Express International. The company also implemented a 5.9% average list price increase for services on January 5, 2026.
Key Highlights
- Completed spin-off of FedEx Freight on June 1, 2026, distributing 80.1% of shares.
- Announced sale of FedEx Supply Chain to CMA CGM Group for $1.4 billion on July 1, 2026.
- Changed fiscal year end from May 31 to December 31, effective June 1, 2026.
- Realigned reportable segments to Express U.S. Domestic and Express International.
- Implemented 5.9% average list price increase for services on January 5, 2026.
- Federal Express pilots ratified a new collective bargaining agreement on June 9, 2026.
- Jet fuel costs were $3,050 million in 2026, 3.2% of consolidated revenue.
Price Impact
More from FDX