Experts Expect Spinoff as FedEx Considers Future of Freight Unit
FedEx(FDX) PYMNTS.com·2024-06-27 10:42
FedEx is reportedly expected to spin off its Freight unit after it conducts an assessment of the future of that business unit.The company’s Freight unit, which is the largest operator in the less-than-truckload (LTL) sector, could bring a windfall to FedEx shareholders if it were spun off as a separate publicly traded company, The Wall Street Journal (WSJ) reported Wednesday (June 26).LTL is a “darling on Wall Street right now” and a spinoff of FedEx Freight could have “a market capitalization of $50 billio ...