FedEx plans to spin off its less-than-truckload unit, FedEx Freight, within the next 18 months, maintaining its name and continuing to collaborate with FedEx through agreements. CEO Raj Subramaniam assured customers that service will remain consistent during this transition, with FedEx Freight focusing on enhancing customer support. The company will hire over 300 LTL specialists to boost its sales team. While existing contracts will be honored, the approach for small customers may adapt slightly due to bundled agreements that involve parcel shipping services.

Source: https://www.supplychaindive.com/news/fedex-freight-spinoff-customer-impact/735920/