FedEx Completes Spin-off of FedEx Freight
FedEx Corp. recently announced the completion of its spin-off of FedEx Freight Holding Company, Inc., establishing FedEx Freight as an independent, publicly traded company and focused leader in the North American less-than-truckload (LTL) industry. “The successful separation of FedEx Freight is a pivotal milestone, positioning two independent companies to lead their respective industries and create long-term value for their stockholders,” said Raj Subramaniam, FedEx president and chief executive officer. “Today’s spin-off positions FedEx Freight to build on its market-leading scale and a customer-focused culture, and advances the next chapter for FedEx as the industrial network that helps power the global economy.” You can read more in this week’s Thursday’s Tip.
Sincerely,
Amanda Armendariz, Editor
PARCEL Media
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