DivestmentAug 5, 2026, 04:22 PM
FedEx Freight Completes Spin-Off, Lists on NYSE as FDXF
AI Summary
FedEx Freight Holding Company, Inc. announced the completion of its spin-off from FedEx Corporation on June 1, 2026. The company's common stock began trading independently on the NYSE under the ticker symbol "FDXF" after FedEx distributed 80.1% of its shares to its common stock holders. FedEx Freight operates as the largest North American less-than-truckload (LTL) freight carrier, serving approximately 108,000 active customers with a workforce of 40,000 employees. Additionally, the company changed its fiscal year-end from May 31 to December 31, effective June 1, 2026.
Key Highlights
- Completed spin-off from FedEx Corporation on June 1, 2026.
- Began trading on NYSE under ticker "FDXF" as an independent company.
- FedEx distributed 80.1% of shares to its common stock holders.
- Operates as North America's largest LTL freight carrier with 40,000 employees.
- Serves 108,000 active customers; top 5 account for 9% of 2026 revenue.
- Fiscal year-end changed from May 31 to December 31, effective June 1, 2026.
- Offers FedEx Freight Priority and Economy services across North America.
Price Impact
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