Reported 9 months ago
FedEx is considering selling or spinning off its FedEx Freight segment to focus on parcel and logistics business, following a strategic analysis. FedEx Freight, the best-performing segment, has been showing strong operating margins and income growth. Analysts predict a spinoff as the most likely outcome, with potential positive impacts on FedEx's stock price and shareholder value. The move would separate FedEx Freight as an independent company, maximizing value for shareholders and leveraging its leading position as the largest LTL carrier in the US.
Source: YAHOO