Reported about 23 hours ago
FedEx has appointed John Smith, a long-time insider and current COO of the company's U.S. and Canada operations, as CEO of its freight trucking spin-off, FedEx Freight. Smith previously led FedEx Freight from 2018 to 2021, where he significantly contributed to the company's growth during the pandemic. The separation of the freight trucking segment was announced in December 2024, with the divestiture expected to be completed by June 2026, projected to value the independent entity at $30-35 billion.
Source: YAHOO