Deep search
Search
Copilot
Images
Videos
Maps
News
Shopping
More
Flights
Travel
Hotels
Real Estate
Notebook
Top stories
Sports
U.S.
Local
World
Science
Technology
Entertainment
Business
More
Politics
Any time
Past hour
Past 24 hours
Past 7 days
Past 30 days
Best match
Most recent
Here’s why FedEx plans to spin off its freight business
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 investors. FedEx first breathed word it was considering the separation in the summer.
FedEx to spin off its less-than-truckload freight business
(Reuters) -FedEx announced the much-anticipated spinoff of its less-than-truckload freight division on Thursday, as it looks to restructure its operations and focus more on its core delivery business.
FedEx to Spin Off FedEx Freight as a Separate Public Company
FedEx Freight, which is set to become a separate publicly traded company, contributed $9.4 billion in revenue in 2023. This makes it the largest business segment by sales in the less-than-truckload (LTL) industry.
FedEx Freight Spinoff Draws Positive Analyst Reactions
Wall Street analysts offered overall positive initial reactions to the Dec. 19 news that FedEx Corp. plans to by 2026 spin off its LTL division into a separate, publicly traded company.
FedEx plans to spin off FedEx Freight: What we know about the plan and what it could mean
Analysts believe the spinoff could unlock up to $20 billion in shareholder value while clearing the way for FedEx management to focus on restructuring, potentially boosting long-term growth prospects for its core package operations and what will become a separate freight business.
FedEx to spin off its freight trucking business
FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business.
FedEx looks to deliver value by uncoupling freight trucking division
FedEx is the latest to jump on the bandwagon. The US logistics group plans to split out its higher margin freight trucking division into a separate publicly listed company. While the move should unlock immediate gains for shareholders,
FedEx Freight Spin-Off Key to Unlocking Shareholder Value, Analysts Say
FedEx (FDX) shares bounced after the company's earnings report even as sales declined and guidance was lowered thanks to a long-anticipated reorganization announcement that analysts say will drive investor value.
2d
Layoffs hit more than 900 workers tied to freight industry across US
Supply chain firms in the U.S. have laid off more than 5,235 workers since the beginning of October. The post Layoffs hit ...
Air Cargo News
20h
FedEx Freight to be split from FedEx and Q2 Express revenue flat
The board of FedEx has agreed to separate FedEx and FedEx Freight into two public companies with the reasoning that ...
4d
on MSN
FedEx’s freight-unit spinoff offers ‘early Christmas’ to Wall Street
Stifel, TD Cowen and Susquehanna analysts praised the move and boosted their price targets for the delivery giant’s stock.
2d
How Should You Play FDX Stock Post Plans of Freight Unit Spinoff?
With FDX looking to cut costs in the face of weak demand, we aim to assess the investment worthiness of the stock currently.
1d
Texas, Louisiana ports see surge in November freight volumes
Total freight movements were up in Houston, Corpus Christi and New Orleans, boosted by shipments of consumer goods, machinery ...
CCJ
2d
NMFTA tuns focus on ensuring digital standards and efforts to digitize the freight industry
The new development aligns with NMFTA’s strategy to create standards to improve communications between carriers, shippers, ...
1d
Multi-modal solutions will be critical in 2025 freight environment
When the cost of doing business increases, making moves toward more efficient operating structures becomes more important ...
2d
Russia cannot import quarter of usual freight due to problems with railways
Logistics problems caused by the emergency reorientation of trade to the East are only getting worse. This year, at least a ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback