FedEx's trucking spin-off plan to fortify core business, boost industry
FedEx's decision to spin off its freight truckload segment will strengthen the business while allowing the parcel delivery giant to better tackle challenges in its core operations, analysts said on Friday.
FedEx Rises on Freight Spinoff’s ‘Compelling’ Valuation Numbers
FedEx Corp. shares soared after the company said it plans to spin off its freight division into a separate publicly traded company in a deal that will streamline the parcel giant.
Here’s why FedEx plans to spin off its freight business
FedEx Corp. said late Thursday it plans to spin off its FedEx Freight unit and create two publicly traded standalone companies as the shipping giant looks to “unlock value” for investors.
FedEx to spin off its freight trucking business
FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business.
FedEx is spinning off its freight business
FedEx will spin off FedEx Freight as a new, publicly traded company over the next 18 months, it said on Thursday.
FedEx Stock Retreats After 'Market Cheers' Freight Spin Off
FedEx saw fiscal second-quarter earnings come in slightly above analyst expectations Thursday as the company also announced plans to spin off its freight business into a separate public company with the delivery heavyweight in cost-cutting mode.
FedEx shares jump 5% after announcing $30B freight spin-off
FedEx (FDX) shares jumped by 5% after revealing plans to spin off its $30 billion freight unit, a move anticipated by investors. The spin-off is expected to take about 18 months and involves a freight unit with $9.
FedEx Shares Jump on Plan to Spin Off Freight Trucking Division
The company has been under pressure to unlock shareholder value and streamline operations.
FedEx Stock Up On Freight Spin Off, Despite Weak Earnings, Outlook Cut
Shares of FedEx Corp. gained around 9 percent in the extended trading on the NYSE on Thursday and is currently trading 8 percent
FedEx stock boosts S&P 500 as Wall Street cheers freight spinoff plan
FedEx Corp.'s stock was up 4.3% as the second-highest gainer in the S&P 500 after Eli Lilly & Co., which was ahead by 6.4%. FedEx drew praise from Wall Street analysts for its plan to separate its freight-handling unit.
FedEx Is Breaking Up. Wall Street Loves the Idea.
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FedEx worker arrested for dumping packages in Holmes County
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'They never make it here' | Customers report issues with FedEx deliveries ahead of the holidays
Just days before Christmas, some customers have reported issues with FedEx deliveries, such as delays and missing packages.
These Stocks Moved the Most Today: FedEx, Novo Nordisk, Lilly, Tesla, DJT, Carnival, BlackBerry, U.S. Steel, Sirius XM, and More
FedEx, the shipping and logistics giant, plans to spin off its freight trucking business, Novo Nordisk sinks after ...
FedEx Positioned As Largest Pure-Play North American LTL Carrier Post-Separation: Analyst
BofA Securities analyst Ken Hoexter reiterated a Buy rating on FedEx Corporation (NYSE:FDX), raising the price forecast to ...