FedEx Freight spinoff clears SEC hurdle, remains on track for 2026

FedEx Corp. (NYSE: FDX) announced the Securities and Exchange Commission declared effective the Registration Statement on Form 10 filed by FedEx Freight Holding Company in connection with the planned separation of FedEx Freight into an independent publicly traded company.

The SEC's approval of the Form 10 concludes the regulatory review process for the registration statement. The separation remains scheduled for June 1, 2026, pending final approval from FedEx's board of directors and satisfaction of standard closing conditions.

FedEx initially announced plans to spin off its freight division to create two separate public companies. FedEx Freight operates as North America's largest less-than-truckload carrier with nearly 30,000 vehicles and over 365 locations across the United States, Canada, Mexico, Puerto Rico, and the U.S. Virgin Islands.

The parent company reported annual revenue of $92 billion and employs more than 500,000 people worldwide. Following the separation, FedEx Freight will function as an independent entity focused on freight transportation services.

The Form 10 registration statement provides detailed financial and operational information about FedEx Freight as required for companies planning to become publicly traded entities. The SEC's effectiveness declaration indicates the filing meets regulatory disclosure requirements.

You May Also Be Interested In

• Datavault AI auditor BPM resigns effective immediately
• RedHill Biopharma closes $6M private placement with warrant upside
• Seadrill extends $500M share repurchase program to end of 2026