FedEx Freight Becomes Standalone LTL Carrier
FedEx Freight has launched as a standalone publicly traded company under the ticker symbol FDXF, following its spinoff from FedEx Corp (FDX). The move aims to sharpen focus on less-than-truckload operations and unlock shareholder value. American Airlines was replaced by FedEx Freight in the Dow Jones Transportation Average.
Topics: Logistics Stock Market Transportation