FedEx prepares Freight spin-off as LTL market softens

FedEx Gears up for Freight Division Spin-Off: Reveals Plan in SEC Form 10 Filing

read the original version on: www.retailnews.asia FedEx Corp. recently publicized its plan to file a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for the proposed separation of FedEx Freight. This document is accessible through the SEC’s website and FedEx’s Investor Relations page. FedEx Excited About the Spin-Off Raj Subramaniam, FedEx Corp.’s president and CEO, expressed optimism […] The post FedEx Gear…

FedEx Freight to be the largest North American less-than-truckload freight carrier

Last Friday 16th January, FedEx Corp. announced the filing of the Form 10 registration statement (the “Form 10”) with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of FedEx Freight.  “Today’s Form 10 filing reflects the strong progress we are making toward the launch of FedEx Freight as a focused, industry-leading LTL company,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “This separati…

FedEx prepares Freight spin-off as LTL market softens

FedEx has moved closer to separating its less-than-truckload business, confirming that FedEx Freight will be spun off into a standalone, publicly listed company on 1 June as the group continues to reshape around profitability rather than scale for its own sake.  Once complete, FedEx Freight will trade independently on the New York Stock Exchange under the ticker FDXF, with an investor day scheduled for April in New York to outline the ... The po…