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FedEx Board of Directors Approves Spin-off of FedEx Freight

2026-05-18 03:28:07

Abstract generation in progress

FedEx's Board of Directors has approved the spin-off of FedEx Freight, with FedEx stockholders receiving one share of FedEx Freight for every two shares of FedEx owned. FedEx Freight will begin trading independently on the NYSE under the ticker "FDXF" on June 1, 2026. FedEx will retain a 19.9% stake in FedEx Freight and plans to dispose of these shares within 24 months.

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