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0.00515726473958998 0.00926397555074502 0.00377244365210748 -0.000413854577868316 0.00534827454475999 0.00159174837641666 0.00168725327900175 0.00168725327900175
Stock impact report

FedEx Freight Spin Off And Leadership Shift Reframe Long Term Outlook [Yahoo! Finance]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Yahoo! Finance
FedEx (NYSE:FDX) is spinning off its FedEx Freight unit as an independent company, using proceeds from a private debt offering to support the separation. The company is also reshaping its leadership, naming Scott Ray as chief operating officer for U.S. and Canada Surface Operations. These moves affect the less than truckload freight segment and align with broader network transformation efforts, including the Network 2.0 initiative. FedEx sits at the center of global parcel, freight and logistics services, and FedEx Freight is a key player in the less than truckload market in North America. Turning FedEx Freight into a separate company and adjusting senior leadership in U.S. and Canada Surface Operations points to a meaningful rework of how NYSE:FDX organizes and runs core parts of its business. For investors, the change touches both the structure of earnings and the role of freight within the wider FedEx ecosystem. As FedEx pushes ahead with Network 2.0 and a more focused ope Show less Read more
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