FedEx plans to spin off its less-than-truckload unit by June 2026. (Photo: Jim Allen/FreightWaves) FedEx continues to pretty up the nation’s largest less-than-truckload business, FedEx Freight ...

FedEx Freight, which handles bulk cargo shipping, reported fiscal year 2024 revenue of $9.4 billion. The company says it is the largest LTL carrier with the broadest network and fastest transit ...

Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.

Analysts argue that a spin-off would create significant value for shareholders, as the Less-Than-Truckload (LTL) freight sector, which FedEx dominates in the U.S., is trading at a premium compared ...

Chief Customer Officer Brie Carere and Chief Operating Officer John Smith also said FedEx Freight teams are making progress toward spinning out of their parent company—including by adding LTL ...

We think FedEx freight (the LTL trucking unit) could organize more easily, although only a few terminals have voted to join the Teamsters and multiple terminals in recent years have voted against ...

FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures its operations to focus on its core delivery business, sending shares in the parcel ...

"A cloudy macroeconomic picture is a recipe for the uncertainty and caution that characterize current market sentiment." ...

FedEx is merging its Express and Ground networks to improve efficiency and profitability. (Photo: Jim Allen/FreightWaves) FedEx Corp. shares fell more than 5% in aftermarket trading Thursday after ...

Besides that, FedEx claims that the Freight business is the largest LTL (less-than-truckload) pure-play by market share, shipments, and door count, and has strong cash flow. Thus, it's likely that ...

FedEx Corp. lowered its full-year guidance for a third consecutive quarter as mounting economic uncertainty adds to sputtering demand already squeezing the parcel company’s bottom line. Adjusted ...