The firm made 47% of its income from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment, in the fiscal year 2024, which concluded in May.

What Happened: Lane demonstrated confidence in FedEx by purchasing 333 shares, as reported in a Form 4 filing with the U.S.

FedEx FDX-N +3.37% announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures ...

In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment.

FedEx Freight is the largest U.S. provider of less-than-truckload services, which involve carrying multiple ... Service ...

FedEx's decision to spin off its freight trucking unit will strengthen that business while allowing the parcel delivery giant ...

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take ...

FedEx announces its plan to spin-off its less-than-truckload freight business, FedEx Freight, to streamline its core ...

FedEx will spin off FedEx Freight as a new, publicly traded company over the next 18 months, it said on Thursday.

The newly-formed Digital FTL Council includes representatives from companies such as Nordstrom, Uber Freight, J.B. Hunt and C ...

FedEx's top executives explained the factors that led to the decision, after months of deliberation, to spin out the ...