FedEx has completed the spin-off of FedEx Freight, creating two separate publicly traded companies.
FedEx Freight started trading on the New York Stock Exchange on June 1 under the ticker symbol FDXF.
FedEx continues trading under the ticker symbol FDX.
The move establishes FedEx Freight as an independent company focused on the North American less-than-truckload (LTL) market.
“The successful separation of FedEx Freight is a pivotal milestone, positioning two independent companies to lead their respective industries and create long-term value for their stockholders,” said Raj Subramaniam, President and CEO of FedEx.
He said the spin-off allows FedEx Freight to build on its scale and customer-focused approach while enabling FedEx to continue developing its global logistics network.
FedEx completed the separation by distributing 80.1% of FedEx Freight shares to existing shareholders.
Shareholders received one FedEx Freight share for every two FedEx shares held as of May 15, 2026.
The company said shareholders will receive cash payments instead of fractional shares.
FedEx retained 19.9% of FedEx Freight shares.
The company plans to dispose of the remaining stake within 24 months.
FedEx said it may use the shares for debt repayment, shareholder distributions or share exchanges.
FedEx Freight now operates independently as a dedicated LTL transportation company.
The spin-off creates two standalone businesses focused on separate growth strategies and operational priorities.
Goldman Sachs and J.P. Morgan acted as financial advisors for the transaction.
Skadden, Arps, Slate, Meagher & Flom served as legal counsel.
