FedEx plans to separate its LTL trucking unit, FedEx Freight, into a standalone, publicly traded company within 18 months. This move aims to enhance operational focus and investment strategies, reflecting the distinct nature of LTL and parcel shipping. FedEx has been streamlining operations and indicated a potential spinoff earlier. The separation is designed to maximize shareholder value by allowing investors to choose between distinct business units, avoiding the “conglomerate discount” seen in larger corporations. Both companies will continue to collaborate on key initiatives.

Source: https://www.supplychaindive.com/news/fedex-spinoff-fedex-freight-ltl-unit/736119/