FedEx Corporation
FedEx Announces Spin-Off of Freight Business and Fiscal Year End Change
Summary
FedEx Corporation announced the spin-off of its less-than-truckload freight transportation services businesses into a new, publicly traded company, effective June 1, 2026. This spin-off resulted in the identification of two new reportable segments: Express U.S. Domestic and Express International. Additionally, FedEx changed its fiscal year end from May 31 to December 31, effective June 1, 2026. The company will report operating results covering the seven-month transition period from June 1, 2026 through December 31, 2026 in a Transition Report on Form 10-K. Following the Transition Period, FedEx will report its operating results on a calendar-year basis, beginning with the fiscal year ending December 31, 2027. Supplemental historical financial information has been provided to assist investors in comparing FedEx's historical financial results.
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About FedEx Corporation
FedEx Corporation is a multinational delivery services company known for its air and ground shipping capacities. Established in 1971, FedEx provides a wide range of logistics services, including express transportation, freight forwarding, and e-commerce solutions to businesses and consumers alike. With a strong focus on innovation and efficiency, FedEx has developed advanced tracking systems and time-definite delivery services, setting standards in the express delivery industry. The corporation operates in various segments such as FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services, each tailored to meet specific logistics needs worldwide. FedEx plays a crucial role in global commerce, facilitating the timely exchange of goods and documents across borders, impacting industries like retail, healthcare, and manufacturing. In a digital age where immediate delivery is paramount, FedEx's infrastructure and expertise make it integral to the supply chain and distribution networks that drive the modern economy.
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