FedEx files Form 10 Registration Statement for spin-off of FedEx Freight

FedEx Corporation recently announced that it has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission for the impending spin-off of FedEx Freight. This strategic move is aimed at positioning FedEx Freight as the most prominent North American less-than-truckload (LTL) freight carrier, distinguished by its outstanding transit times and service quality. By offering a blend of scale, agility, choice, and dependability, FedEx Freight aims to address the diverse requirements of LTL shippers, setting the stage for its emergence as an industry frontrunner in this sector. The finalization of the separation is projected to be completed by June 1, 2026. On April 8, 2026, an Investor Day is scheduled to take place in New York City, where in-depth insights into FedEx Freight’s operational strategies and value-creation endeavors will be unveiled.

Raj Subramaniam, the president, and CEO of FedEx Corp, expressed his enthusiasm about the progress made thus far in efforts to establish FedEx Freight as a distinct business entity. Subramaniam stated, “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.” John Smith, the incoming president, and CEO of FedEx Freight echoed Subramaniam’s sentiments, emphasizing the robust underpinnings of FedEx Freight’s operational framework powered by an expansive network, an innovative service model, and a dedicated workforce of 39,000 team members. The Form 10 underscores FedEx Freight’s commitment to being an independent enterprise capable of delivering exceptional value as a premier LTL freight carrier in North America.

Outlined in the Form 10 document are the key strategies that FedEx Freight is poised to implement, such as leveraging its extensive national LTL network, unmatched scale, and adaptable service framework to fortify customer ties, achieve top-notch transit times and reliability benchmarks, and consolidate its position in the LTL market. A strategic commercial approach emphasizing growth verticals, investments in technology and infrastructure, and efficiency enhancement initiatives will be pivotal in driving significant growth and preserving a competitive edge. The company is dedicated to ensuring sustainable profit generation, robust cash inflow, and prudent capital allocation in a bid to spur innovation, bolster network investments, and deliver long-term value to stockholders.

The spin-off of FedEx Freight from FedEx on June 1, 2026, is contingent upon the final authorization from the FedEx Board of Directors and other standard prerequisites. It is anticipated that FedEx Freight’s common stock will be listed on the New York Stock Exchange under the ticker symbol “FDXF.” The intended spin-off is designed to be tax-free for both FedEx and its shareholders concerning U.S. federal income tax. The financial advisory services for this transaction are being provided by Goldman Sachs & Co. LLC, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as the legal advisor.

FedEx Freight is slated to host an investor day on April 8, 2026, in New York City, aiming to present a detailed outlook on its distinctive positioning, financial model, and future growth prospects. Interested parties can access a live webcast of the event and relevant presentation materials on FedEx’s Investor Relations website. Any future updates to the Form 10 will be submitted to the SEC and available for viewing on the agency’s website under FedEx Freight filings. It is imperative for potential investors, the media, and the general public to stay abreast of the latest developments regarding this forthcoming spin-off through FedEx’s Investor Relations platform.