In the latest trading session, FedEx (FDX) closed at $219.76, marking a +1.45% move from the previous day. The stock lagged the S&P 500's daily gain of 2.05%. Elsewhere, the Dow gained 1.78%, while ...

Memphis, Tennessee-based FedEx Corporation (FDX) provides transportation, e-commerce, and business services. Valued at $54.2 ...

FedEx has announced FedEx Freight President Lance Moll is retiring after 33 years with the company. Moll will serve in his current position until Jan. 31 and move into an executive advisor role ...

The company said it would spin off FedEx Freight into a standalone public entity within 18 months, after a six-month review. Loop Capital sees the move as a key value driver, estimating a 32% ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. FedEx has said it will spin off its freight division, as the parcel shipping group responds to investor ...

Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. FedEx shares moved sharply higher in extended trading on Thursday after the shipping ...

Shares rise less than 1% Stand alone FedEx Freight ... business when freight demand is favorable. The resulting public company will also be the only one of its kind to offer priority service ...

FedEx Corp. plans to spin off FedEx Freight and create a new publicly traded company within the next 18 months. The move will allow each company to continue to pursue its own growth strategies ...

FedEx announced that its board of directors has concluded a comprehensive assessment of the role of FedEx Freight as part of its portfolio and has decided to pursue a full separation of FedEx Freight ...

Word of the plan to spin off FedEx Freight comes nearly six months after President and CEO Raj Subramaniam said his team had heard from “several investors and analysts” about the future of the ...

Costfoto / NurPhoto / Getty Images FedEx (FDX) shares jumped in extended trading Thursday after the shipping giant announced plans to spin off its Freight business as a standalone company.

FedEx will spin off its freight business into a new publicly traded company. FedEx Freight will separate from FedEx over the next 18 months. Express delivery services have seen slowing demand for ...