FedEx Corp (FDX) Spins Off Freight Unit. Don’t Miss the Point
Key takeaways
- Don’t Miss the Point Neha Gupta Mon, June 8, 2026 at 12:47 AM GMT+7 2 min read FDX Fed Ex Corp (NYSE:FDX) is one of the best stocks to buy according to billionaire Bill Gates.
- On June 1, Fed Ex Corp (NYSE:FDX) completed the spinoff of its freight business into a separate publicly traded company called Fed Ex Freight (NYSE:FDXF).
- FedEx Freight is primarily focused on the less-than-truckload shipping business, and it’s the market leader with roughly 16% market share.
Fed Ex Corp (FDX) Spins Off Freight Unit. Don’t Miss the Point Neha Gupta Mon, June 8, 2026 at 12:47 AM GMT+7 2 min read FDX Fed Ex Corp (NYSE:FDX) is one of the best stocks to buy according to billionaire Bill Gates. Fed Ex shares are up more than 50% over the past six months and have soared more than 85% over the past year. Analysts see more upside in the stock.
On June 1, Fed Ex Corp (NYSE:FDX) completed the spinoff of its freight business into a separate publicly traded company called Fed Ex Freight (NYSE:FDXF). FedEx Freight shares began trading on the same day, with BofA Securities initiating the stock with a Buy rating and a price target of $185.
FedEx Freight is primarily focused on the less-than-truckload shipping business, and it’s the market leader with roughly 16% market share.