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

FedEx has informed employees that its distribution center at 1 Federico Drive in Pittsfield will close later this year.

FedEx (NYSE:FDX) traded higher on Friday after the company announced the spinoff of its freight trucking business as part of ...

FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business.

FedEx Corp. has announced plans to separate FedEx Freight into its own publicly traded company. The separation will be completed within the next 18 months and will "allow for more customized ...

第二财季Federal Freight营收21.8亿美元，分析师预期23.6亿美元。 将剥离300亿美元规模的货运业务FedEx Freight为公开交易的新公司。 预计全财年调整后EPS ...

FedEx shares jumped in extended trading Thursday after the shipping giant said it would spin off its Freight business as a standalone company.