Reported 1 day ago
FedEx's announcement to spin off its freight truckload segment is seen as a strategy to enhance its core business and address operational challenges. The move could potentially increase the segment's value to between $30 billion and $35 billion, while also improving FedEx’s focus on adapting to fluctuating freight demands and compensating for losses, such as the departure of the U.S. Postal Service as a major customer. Analysts predict this separation will be beneficial for both shareholders and the broader less-than-truckload (LTL) industry.
Source: YAHOO