Reported 11 days ago
FedEx has confirmed the spin-off of its freight trucking division to concentrate on its core delivery operations, significantly increasing its market value. This decision is expected to unlock approximately $20 billion in shareholder value and improve profitability by allowing the company to merge its Express and Ground units. Although FedEx Freight's recent revenues decreased, analysts are optimistic that the spin-off and restructuring will enhance growth opportunities in a competitive market.
Source: YAHOO