FedEx to Spin Off FedEx Freight as a Separate Public Company

GuruFocus.com12-24 04:33

Today, FedEx (NYSE:FDX) is making headlines with its announcement to spin off its FedEx Freight division into a separate publicly traded company. FedEx shares rose 4.9% following the announcement. The...

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FedEx shares rose 4.9% following the announcement.\nThe...</p>\n\n<a href=\"https://finance.yahoo.com/news/fedex-spin-off-fedex-freight-203310103.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0742534661.SGD","symbol_name":"Fidelity America A-SGD (hedged)","start_time":0,"source_url":"https://finance.yahoo.com/news/fedex-spin-off-fedex-freight-203310103.html","article_id":"2493718981","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/EK2pUmPs78z2N3CpBHMTeQ--~B/aD0zNjY7dz01NTA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/05bb4aa0c3b3dc7e90d3b0587458dbdc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493718981","pubTimestamp":1734985990,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Today, FedEx  is making headlines with its announcement to spin off its FedEx Freight division into a separate publicly traded company. 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FedEx shares rose 4.9% following the announcement.\nThe enterprise value of FedEx Freight is expected to be more than $30 billion marking its impressive contribution to FedEx's revenues.\n\nWarning! GuruFocus has detected 5 Warning Sign with FDX.\n\nFedEx Freight, which is set to become a separate publicly traded company, contributed $9.4 billion in revenue in 2023. This makes it the largest business segment by sales in the less-than-truckload (LTL) industry.\nBy FedEx spinning off the business, FedEx Freight can become a separate independent entity that unlocks its value to public shareholders.\nYou can make more informed investment decision by visiting GuruFocus now and deep dive into FedEx's performance with charts, breakdowns, 30-year financial data, and more!This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493718981"}