0826 ET - FedEx Freight is set to benefit from a recovery in the U.S. industrial economy, according to Stifel in a note. The analysts initiate coverage of FedEx's new freight-focused spinoff in part because they see the industrial sector "awakening from a three-year hibernation." The monthly industrial metric ISM Manufacturing PMI has shown positive growth for the first four months of 2026, the analysts say. FedEx Freight, which went public as an independent company from FedEx on June 1, is positioned to be the leader in the less-than-truckload market, thanks to its big fleet footprint and market share, the analysts say. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
June 05, 2026 08:26 ET (12:26 GMT)
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