FedEx Freight

FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.

Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.

Parcel analyst Satish Jindel predicts FedEx will opt later this year to spin off the Freight unit to the public market.

FedEx Freight, the less-than-truckload unit of FedEx Corp. (NYSE: FDX), is closing seven service centers in the U.S. as the division continues to make alignments to its freight network.

Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.

Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.

Company also announces another round of driver furloughs.

Federal Express Corp. will consolidate its air, ground parcel and other units; LTL will operate separately under the brand.

FedEx Freight Direct now offers returns of big and bulky items.

FedEx must convince stakeholders that it will stay the course on cost reductions.

XPO becomes the latest less-than-truckload carrier to announce voluntary furloughs.

XPO es el último en ofrecer despidos voluntarios

E-commerce platform Cart.com is working with FedEx to streamline the online shopping experience for merchants and consumers.

The furloughs are set to begin in early December, and will be voluntary, the unit says.

La medida está pensada para adecuar las necesidades de personal a la ralentización de la demanda de LTL, según la unidad

FedEx Corp. announces most U.S. shipments must be tendered by Dec. 14, one day earlier than last year’s deadline, if they are going to arrive in time for Christmas.

FedEx says its new operational integration will drive down costs and push up operating margins significantly.