DivestmentJun 1, 2026, 06:52 AM
FedEx Freight Completes Spin-Off; Joins S&P 500, Dow Jones Transports
AI Summary
FedEx Freight Holding Company, Inc. announced the completion of its spin-off from FedEx Corporation, establishing itself as an independent, publicly traded company. Its common stock began trading on the NYSE under "FDXF" and is set to join the S&P 500 and Dow Jones Transportation Average. The spin-off involved the distribution of 80.1% of FedEx Freight shares to FedEx stockholders, with FedEx retaining 19.9%. Various agreements were executed to govern the ongoing relationship and facilitate an orderly transition.
Key Highlights
- Spin-off from FedEx Corporation completed on June 1, 2026.
- FedEx Freight common stock began "regular way" trading on NYSE under "FDXF".
- FedEx Freight will join the S&P 500 and Dow Jones Transportation Average.
- FedEx distributed 80.1% of FedEx Freight's outstanding shares to its stockholders.
- FedEx stockholders received 1 FDXF share for every 2 FDX shares held as of May 15, 2026.
- FedEx retained 19.9% of FDXF shares, to be disposed of within 24 months.
- Agreements include Separation, Transition Services, Tax Matters, and Employee Matters.
- FedEx Freight is North America's largest LTL carrier with 40,000 team members.
Price Impact
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