FedEx Freight Holding Company, Inc.

FedEx Freight Holding Company, Inc. approved new executive compensation plans and spin-off-related bonuses. The Human Resources and Compensation Committee approved the TY26 Annual Incentive Compensation Plan based on adjusted operating income and the TY26–CY28 Long-Term Incentive Program, comprising PSUs and RSUs, tied to adjusted free cash flow and EPS. Additionally, cash and RSU bonuses were granted to executives for the successful spin-off, including a $585,000 cash bonus for CFO Marshall W. Witt.

FedEx Freight reported its Q4 FY2026 results, with revenue increasing 4.8% to $2.4 billion, but operating income significantly decreasing by 66.9% to $158 million. For the full fiscal year 2026, revenue declined 1.1% to $8.8 billion, and operating income fell 58.6% to $616 million. The company also announced the completion of its spin-off from FedEx Corp. and introduced guidance for the seven-month transition period ending December 31, 2026, forecasting 4% to 6% revenue growth and diluted EPS of $1.75 to $1.95.

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.

FedEx Freight Holding Company, Inc. announced the appointment of Guy M. Erwin II as Senior Vice President – Chief Accounting Officer, effective June 1, 2026. Mr. Erwin, 49, currently serves as Corporate Vice President – Chief Accounting Officer of FedEx Corporation and has held various finance positions within FedEx since 2001. In his new role, he will receive a special equity-based award, base salary, and be eligible for annual and long-term incentive compensation plans.

FedEx's Board of Directors has approved the previously announced spin-off of FedEx Freight, declaring a pro rata dividend of 80.1% of FedEx Freight's outstanding common stock to FedEx stockholders. Following the separation, FedEx Freight common stock will commence trading on the New York Stock Exchange under the symbol "FDXF" on June 1, 2026. FedEx Freight will also pay a $4.1 billion cash dividend to FedEx prior to the separation, funded by a recent $3.7 billion senior notes offering and term loan borrowings. FedEx will retain a 19.9% stake in FedEx Freight, which it plans to dispose of within 24 months.