FedEx Stock Jumps After Spinoff News -- WSJ-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

FedEx Stock Jumps After Spinoff News -- WSJ

Dow Jones12-20 17:21

By Esther Fung and Connor Hart

FedEx shares rose in off-hours trading after the delivery company said it would spin off its freight-trucking division as a separate public entity.

The move by the Memphis, Tenn., company aims to streamline its structure and unlock value that some shareholders argue has been lost. Here are some details on the unit:

-- FedEx Freight is the U.S.'s largest less-than-truckload operator. It has more than 30,000 vehicles and 350 facilities in North America that move cargo for retailers, manufacturers and other shippers.

-- The division has annual revenue of more than $9 billion. Some analysts have estimated the unit could be worth much more as a standalone public company.

-- FedEx aims to complete the deal within 18 months.

FedEx also cut its annual outlook and posted mixed quarterly results. Chief Executive Raj Subramaniam said the results were hurt by continued weak demand in the U.S., and the end of its contract with the U.S. Postal Service.

Read more:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 20, 2024 04:21 ET (09:21 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

empty

No comments yet

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2492494860?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-20 17:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492494860","market":"hk","top_or_hot":-1,"title":"FedEx Stock Jumps After Spinoff News -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Esther Fung and Connor Hart \n</p>\n<p>\n     FedEx shares rose in off-hours trading after the delivery company said it would spin off its freight-trucking division as a separate public entity. \n</p>\n<p>\n     The move by the Memphis, Tenn., company aims to streamline its structure and unlock value that some shareholders argue has been lost. Here are some details on the unit: \n</p>\n<p>\n     -- FedEx Freight is the U.S.'s largest less-than-truckload operator. It has more than 30,000 vehicles and 350 facilities in North America that move cargo for retailers, manufacturers and other shippers. \n</p>\n<p>\n     -- The division has annual revenue of more than $9 billion. Some analysts have estimated the unit could be worth much more as a standalone public company. \n</p>\n<p>\n     -- FedEx aims to complete the deal within 18 months. \n</p>\n<p>\n     FedEx also cut its annual outlook and posted mixed quarterly results. Chief Executive Raj Subramaniam said the results were hurt by continued weak demand in the U.S., and the end of its contract with the U.S. Postal Service. \n</p>\n<p>\n     Read more: \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 20, 2024 04:21 ET (09:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx Stock Jumps After Spinoff News -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx Stock Jumps After Spinoff News -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 17:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Esther Fung and Connor Hart \n\n\n     FedEx shares rose in off-hours trading after the delivery company said it would spin off its freight-trucking division as a separate public entity. \n\n\n     The ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"LU1571399168.USD","symbol_name":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492494860","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492494860","pubTimestamp":1734686460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"FedEx shares rose in off-hours trading after the delivery company said it would spin off its freight-trucking division as a separate public entity.The move by the Memphis, Tenn., company aims to streamline its structure and unlock value that some shareholders argue has been lost. Here are some details on the unit:. -- FedEx Freight is the U.S.'s largest less-than-truckload operator. It has more than 30,000 vehicles and 350 facilities in North America that move cargo for retailers, manufacturers and other shippers.-- The division has annual revenue of more than $9 billion. Some analysts have estimated the unit could be worth much more as a standalone public company.-- FedEx aims to complete the deal within 18 months.FedEx also cut its annual outlook and posted mixed quarterly results. Chief Executive Raj Subramaniam said the results were hurt by continued weak demand in the U.S., and the end of its contract with the U.S. Postal Service.This item is part of a Wall Street Journal live cov","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","FDX":"联邦快递","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0251142724.SGD":"Fidelity America A-SGD","BK4585":"ETF&股票定投概念","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","BK4588":"碎股","BK4131":"航空货运与物流","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC"},"translate_title":"联邦快递股价在分拆消息后上涨——华尔街日报","themeId":"0136878ef76de94ac274d4d3726d77de","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDX":1},"content_text":"By Esther Fung and Connor Hart \n\n\n     FedEx shares rose in off-hours trading after the delivery company said it would spin off its freight-trucking division as a separate public entity. \n\n\n     The move by the Memphis, Tenn., company aims to streamline its structure and unlock value that some shareholders argue has been lost. Here are some details on the unit: \n\n\n     -- FedEx Freight is the U.S.'s largest less-than-truckload operator. It has more than 30,000 vehicles and 350 facilities in North America that move cargo for retailers, manufacturers and other shippers. \n\n\n     -- The division has annual revenue of more than $9 billion. Some analysts have estimated the unit could be worth much more as a standalone public company. \n\n\n     -- FedEx aims to complete the deal within 18 months. \n\n\n     FedEx also cut its annual outlook and posted mixed quarterly results. Chief Executive Raj Subramaniam said the results were hurt by continued weak demand in the U.S., and the end of its contract with the U.S. Postal Service. \n\n\n     Read more: \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  December 20, 2024 04:21 ET (09:21 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}