FedEx Corp. said late Thursday it plans to spin off its FedEx Freight unit and create two publicly traded standalone companies as the shipping giant looks to unlock value for its investors.

FedEx's stock (FDX) rose a modest 0.7% as investors weighed the positive spinoff scenario against the delivery company's lowered 2025 profit outlook of $19 to $20 a share, down from its earlier ...

FedEx announced the much-anticipated spinoff of its freight trucking division today, as it restructures its operations to focus on its core delivery business. Shares jumped about 9% in after-hours ...