FedEx files registration for freight unit spinoff targeting june 2026

FedEx Corp. (NYSE: FDX) filed a Form 10 registration statement with the U.S. Securities and Exchange Commission for the planned spinoff of FedEx Freight, targeting completion on June 1, 2026.

The separation is subject to final approval from the FedEx Board of Directors and other customary conditions. FedEx Freight's common stock is expected to be listed on the New York Stock Exchange under the ticker symbol "FDXF."

"Today's Form 10 filing reflects the strong progress we are making toward the launch of FedEx Freight as a focused, industry-leading LTL company," said Raj Subramaniam, FedEx Corp. president and chief executive officer. "This separation will create two world-class companies, positioning both FedEx and FedEx Freight to better serve customers and unlock long-term value for all stockholders."

FedEx Freight operates as North America's largest less-than-truckload carrier with approximately 355 service centers, nearly 30,000 vehicles and 39,000 employees. The unit provides freight services across all 50 U.S. states, Canada, Mexico, Puerto Rico, and the U.S. Virgin Islands.

John Smith, FedEx Freight incoming president and chief executive officer, stated the filing represents "a key milestone in our journey toward being an independent company, positioned to deliver greater value as the premier LTL freight carrier in North America."

The planned spinoff is intended to be tax-free for FedEx and its stockholders for U.S. federal income tax purposes, except for cash that stockholders may receive in lieu of fractional shares.

FedEx Freight will host an investor day on April 8, 2026, in New York City to provide details on the company's business strategy and financial model. Goldman Sachs & Co. LLC is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel for the transaction.

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