The company is about to spin off its freight business.

FedEx announced the much-anticipated spinoff of its freight trucking division today, as it restructures its operations to focus on its core delivery business. Shares jumped about 9% in after-hours ...

FedEx ⁠Freight, the trucking company separating ⁠from the overnight delivery firm this summer, is expected ​to report an operating margin of 12% this year, incoming CEO John Smith told investors ‌on ...

Dec 18 (Reuters) - Parcel delivery company FedEx said it was planning ‌for $175 million in unexpected peak-season costs to find trucks and ‌planes to move goods that would have flown on its fleet of ...

Shares of FedEx Corporation (NYSE:FDX) rose sharply in today’s pre-market trading after the company reported better-than-expected earnings for its third quarter and authorized a new $5 billion share ...