Back to today’s briefing

Story perspectives

FedEx Freight Spins Off, Begins NYSE Trading, Enters S&P 500

6/3/2026

24 2 Full Breakdown

Summary

FedEx Spins Off

FedEx Corp. completed the spinoff of FedEx Freight Holding Co., which began trading Monday on the New York Stock Exchange (NYSE) as FDXF.
FedEx distributed 80.1% of the new company’s stock to shareholders, giving one FDXF share for every two FDX shares held on May 15 2026 and settling fractional shares in cash.
FedEx kept a 19.9% ownership stake.
Index providers added FedEx Freight to the S&P 500 and Dow Jones Transportation Average.

Summary

FedEx Expands

Raj Subramaniam, FedEx president and CEO, called the spin-off a pivotal milestone for shareholder value.
John Smith, FedEx Freight CEO, projects $8.7 billion revenue and $1.1 billion operating income, a 12 % margin.
Clint McCoy said FedEx merged 39 service centers, cut 1,000 doors and added nine sites with 600 doors.
FedEx hired 500 LTL sales reps and targets SMBs, healthcare, grocery and data-center/energy markets.

Summary

FedEx Sells

FedEx will sell its remaining 19.9% stake in FedEx Freight within 24 months.
Sale proceeds will repay FedEx debt and fund dividends or share-exchange distributions to shareholders.
John Smith highlighted a “safety above all” culture in the launch video as a key differentiator for FedEx Freight.
The promotional video released last month describes the $9 billion startup as building a future-ready network and growing through past LTL acquisitions.

1 of 3

FedEx Spins Off

FedEx Corp. completed the spinoff of FedEx Freight Holding Co., which began trading Monday on the New York Stock Exchange (NYSE) as FDXF.
FedEx distributed 80.1% of the new company’s stock to shareholders, giving one FDXF share for every two FDX shares held on May 15 2026 and settling fractional shares in cash.
FedEx kept a 19.9% ownership stake.
Index providers added FedEx Freight to the S&P 500 and Dow Jones Transportation Average.

1 / 3