FedEx Freight Completes Spin-Off, Begins Trading as Independent FDXF Company on NYSE

Summary

FedEx Corp. completed the spin-off of its LTL subsidiary FedEx Freight on June 1, establishing it as an independent publicly traded company under ticker symbol FDXF on the New York Stock Exchange. FedEx stockholders received one share of FDXF for every two shares of FDX owned. The separation — first announced in December 2024 — gives FedEx Freight autonomous control over network optimization, commercial service expansion, and technology investment strategy. For shippers, the spin-off signals potential shifts toward more disciplined yield management and contract renegotiation dynamics, as FDXF will operate with shareholder-value-focused incentives distinct from the package business.