FedEx would create two standalone companies; stock rallies 8% on the news FedEx Corp. said late Thursday it plans to spin off its FedEx Freight unit and create two publicly traded standalone companies ...

FedEx Corp. plans to spin off FedEx Freight and create a new publicly traded company within the next 18 months. The move will allow each company to continue to pursue its own growth strategies, with ...

FedEx Corp. suspended about 1,400 customers of its Freight shipping service earlier this month, a move that surprised customers and was aimed at easing a congested network taxed by relentless package ...

FedEx will spin off its freight business into a new publicly traded company. FedEx Freight will separate from FedEx over the next 18 months. Express delivery services have seen slowing demand for ...

Stifel, TD Cowen and Susquehanna analysts praise the move and boost their price targets for the delivery giant's stock Analysts showered compliments on FedEx Corp. for its decision to spin off its ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. MEMPHIS, Tenn. — FedEx will spin off its ...

FedEx (FDX) earns a Buy rating, driven by a strategic shift toward premium B2B verticals and robust cost reduction programs.

FedEx announced the much-anticipated spinoff of its freight trucking division today, as it restructures its operations to focus on its core delivery business. Shares jumped about 9% in after-hours ...

FedEx President and CEO Raj Subramaniam said the Q2 performance was especially good given global trade policy changes and air traffic struggles.

FedEx Freight’s Q2 operating income collapsed from $312 million last year to $90 million for the quarter ending Nov. 30, according to an investor presentation. But one-time spin-off costs ate up $152 ...

This courier company delivers more than just packages. It's delivering consecutive months of stock gains, with a special delivery expected in June.

The company remains in cost-cutting mode. On Thursday, FedEx said that its operating results improved in the second quarter, "reflecting strength in U.S. domestic and International Priority package ...