FedEx Freight Goes Solo As $8.9 Billion Trucking Giant Hits NYSE
FedEx completed the spin-off of FedEx Freight on Monday, turning its freight arm into a separate New York Stock Exchange-listed company and giving the U.S. trucking market a new public heavyweight under the symbol FDXF. FedEx called the separation a “pivotal milestone,” while FedEx Freight started regular-way trading the same day.