FedEx Completes Spin-Off of Freight Division, Boosting Value with $4.1 Billion Cash Infusion
On June 1, 2026, FedEx completed the spin-off of its less-than-truckload (LTL) division into an independent publicly traded company called FedEx Freight (FDXF). The move provided a $4.1 billion cash dividend to FedEx Corporation (FDX), enabling it to strengthen its balance sheet and focus on higher-margin express delivery operations.
Tickers: $FDX