FedEx Freight is set to become a standalone public company by June next year, with $600 million being invested in IT infrastructure. Shares will be listed on the NYSE under the ticker FDXF. In the first quarter, FedEx reported adjusted EPS of $3.83, beating estimates and last year’s figure. Revenue was $22.2 billion, surpassing expectations. FedEx Freight’s revenue for the quarter was $2.26 billion, down 3.1% y/y. Despite challenges, FedEx Freight is forecasting revenue growth for the fiscal year, with operating margin expected to improve.

Read more at Yahoo Finance: FedEx Freight spinoff on track for June 2026