Dec 19 (Reuters) - FedEx (FDX.N), opens new tab announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery ...

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 has placed its freight business under strategic review, the company said when it reported fiscal fourth-quarter results Tuesday Last Updated: June 26, 2024 at 5:25 p.m. ET First Published ...