FedEx Corporation has secured board approvals to spin off its freight division, FedEx Freight, into a publicly traded company by June 1, 2026. This strategic move aims to create a clear operational distinction between its parcel delivery services and freight operations, as the company seeks to bolster shareholder value. Despite a recent 10% decline linked to market shifts, FedEx has reported an impressive Q3 FY2026 adjusted EPS of $5.25, raising its FY2026 guidance, while also preparing for a $4.1 billion cash dividend pre-separation.
“FedEx · is led by · Raj Subramaniam · CEO”
“FedEx · operates in · the third party logistics market · true”
“UPS and FedEx · declined · nearly 10 percent · on Amazon's announcement”
“FedEx · declined · percentage · 10 percent”
“FedEx · was recognized for · its DRIVE transformation program · as a high-conviction industrial play”
“FedEx · has a market cap of · $90.92 billion”
“FedEx · posted · a Q3 FY2026 adjusted EPS of $5.25 · versus $4.13 consensus”
“FedEx · raised · FY2026 adjusted EPS guidance · to $16.05 to $16.85”
“FedEx · is planning · a freight spin-off · for June 1, 2026”
“ServiceNow · was involved in an expansion of · supply-chain partnership · with FedEx”
“FedEx · is a company in · Consumer discretionary”
“FedEx · is a company · null · true”
