FedEx Corp. recently publicized its plan to file a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for the proposed separation of FedEx Freight. This document is accessible through the SEC’s website and FedEx’s Investor Relations page.
Raj Subramaniam, FedEx Corp.’s president and CEO, expressed optimism about the Form 10 filing, signifying significant progress towards the imminent launch of FedEx Freight as an autonomous industry-leading Less Than Truckload (LTL) company. According to Subramaniam, this separation will allow both entities to better cater to their customers and unlock long-term value for all shareholders.
John Smith, the incoming president and CEO of FedEx Freight, commended the organization’s strong foundation, underpinned by its vast network, unique service model, and 39,000 dedicated team members. He views this filing as a significant step towards independence, which will enable them to deliver more value as North America’s leading LTL freight carrier.
The Form 10 filing provides valuable insights into the expected future of FedEx Freight, highlighting its aim to:
– Bolster customer relationships through its extensive nationwide LTL network, leading scale, and premium flexible model, while also improving transit times and reliability, consequently solidifying its standing in the resilient LTL market.
– Implement a strategic commercial and operational strategy focusing on high-growth verticals, technology and infrastructure investments, and continuous efficiency initiatives to facilitate meaningful growth, amplify its competitive advantage, and maximize the benefits of a streamlined LTL-focused operating model.
– Encourage sustainable profitable growth, robust cash generation, and prudent capital allocation to fund high-yield innovation and network investments and responsibly distribute capital to shareholders over time.
The separation of FedEx Freight from FedEx is scheduled for June 1, 2026, pending final board approval and other standard conditions. FedEx Freight’s common stock is anticipated to be listed on the New York Stock Exchange under the symbol “FDXF”. The planned separation aims to be tax-neutral for both FedEx and its stockholders for U.S. federal income tax purposes, excluding any cash that stockholders may receive for fractional shares.
In anticipation of the separation, FedEx has disclosed the preliminary board of directors for the future independent FedEx Freight, chaired by the current FedEx Corp. executive chairman, R. Brad Martin. Comprising senior leaders with extensive experience in transportation, logistics, finance, and technology, the board reinforces FedEx Freight’s position as an independent LTL operator.
FedEx Freight will host an Investor Day on April 8, 2026, in New York City. The leadership team will elaborate on FedEx Freight’s unique positioning, appealing financial model, and future growth opportunities during the event. A real-time webcast of the event and associated presentation materials will be obtainable on FedEx’s Investor Relations website.
Subsequent alterations to the Form 10 will be submitted to the SEC under FedEx Freight. The Form 10 filed on January 16, 2026, may be subject to changes and will be finalized before the effective date.
When is the expected spin-off date for FedEx Freight from FedEx?
The separation is scheduled for June 1, 2026, subject to necessary board approval and other customary conditions.
Who will be leading the newly independent FedEx Freight?
John Smith, the incoming president and CEO, will lead FedEx Freight.
What will the common stock for FedEx Freight be listed under?
FedEx Freight’s common stock is anticipated to be listed on the New York Stock Exchange under the ticker symbol “FDXF”.
