FedEx Completes Spin-Off of FedEx Freight

FedEx Corp. announced the completion of its spin-off of FedEx Freight Holding Company, Inc. on June 1, 2026, establishing FedEx Freight as an independent, publicly traded company on the NYSE under the ticker symbol FDXF. FedEx distributed 80.1% of FedEx Freight's common stock to its shareholders, with each FedEx stockholder receiving one share of FedEx Freight for every two shares of FedEx common stock held. FedEx retained 19.9% of FedEx Freight shares, which it plans to dispose of within 24 months. The separation involved several definitive agreements, including a Separation and Distribution Agreement, Transition Services Agreement, Tax Matters Agreement, and Employee Matters Agreement, to govern the ongoing relationship and facilitate an orderly transition.