FedEx's trucking spin-off plan to fortify core business, boost industry
FedEx's decision to spin off its freight truckload segment will strengthen the business while allowing the parcel delivery giant to better tackle challenges in its core operations, analysts said on Friday.
FedEx Rises on Freight Spinoff’s ‘Compelling’ Valuation Numbers
FedEx Corp. shares soared after the company said it plans to spin off its freight division into a separate publicly traded company in a deal that will streamline the parcel giant.
FedEx shares jump 5% after announcing $30B freight spin-off
FedEx (FDX) shares jumped by 5% after revealing plans to spin off its $30 billion freight unit, a move anticipated by investors. The spin-off is expected to take about 18 months and involves a freight unit with $9.
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 Shares Jump on Plan to Spin Off Freight Trucking Division
The company has been under pressure to unlock shareholder value and streamline operations.
FedEx Spins Off Freight Division, Unlocking Billions in Potential Value
FedEx announced the spinoff of its freight trucking division to focus on core delivery operations. Analysts estimate the spinoff could unlock up to $20 billion in shareholder value, positioning the freight business for better profitability and growth as an independent entity.
FedEx gets Loop Capital upgrade on freight spin off
Loop Capital upgraded FedEx Corp (NYSE:FDX) to "buy" from "hold", also raised its price target to $365 from $288, factoring the value creation from the planned spin-off of its FedEx Freight division and a recent dip in the
The Weekly Tender: Capacity crunch, FedEx’s bold move and reshoring revelations
The freight industry is experiencing a notable shake-up this week, with several key developments signaling potential ...
USA Today13h
Are banks, post offices, UPS and FedEx open on Christmas Eve 2024? Will mail be delivered?
Most UPS and FedEx shipping services will also be available on the day, and retail locations should also remain open, ...
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.
FedEx truck catches fire in Dallas County
Crews are investigating after a Cuyahoga Valley Scenic Railroad train derailed while passengers were on-board Saturday night.
FedEx: Why Did The Stock Tumble After A Pre-Market Earnings Surge?
FedEx's Q2 earnings beat estimates despite lower revenues, driven by cost savings from the DRIVE program and share ...
freightwaves.com2d
FedEx’s divestiture of LTL business marks end of conglomerate era
FedEx's decision to spin off its LTL unit marks the end of an era that began nearly 30 years ago when major parcel carriers ...
FedEx worker arrested for dumping packages in Holmes County
The Holmes County Sheriff’s Office has arrested a man in the investigation of missing FedEx packages. According to a release, the HCSO contacted FedEx to ...
FedEx Second Quarter 2025 Earnings: EPS Misses Expectations
Net income: US$739.0m (down 18% from 2Q 2024). Profit margin: 3.4% (down from 4.1% in 2Q 2024). EPS: US$3.05 (down from ...