FedEx submits Form 10 for the intended separation of FedEx Freight.

FedEx has submitted a Form 10 registration statement to the SEC for the planned spin-off of its FedEx Freight business, aiming for completion by June 1, 2026, pending approvals. This filing is a significant step toward establishing FedEx Freight as a standalone leader in less-than-truckload freight. FedEx's CEO, Raj Subramaniam, emphasized that the separation will enhance service for customers and create value for shareholders. FedEx Freight, the largest carrier in its category in North America, plans to strengthen its market position through strategic investments and operational improvements, with plans to trade under "FDXF" post-separation. An investor day is set for April 8, 2026, to discuss future strategies.