FedEx Announces Separation of FedEx Freight into Publicly Traded Company

Details

On May 13, 2026, the FedEx Board declared a pro rata dividend of 80.1% of FedEx Freight shares to FedEx stockholders, with each stockholder receiving one share of FedEx Freight for every two shares of FedEx held as of May 15, 2026. FedEx Freight common stock will begin trading on the NYSE on June 1, 2026, under the symbol 'FDXF.' FedEx will retain 19.9% of FedEx Freight shares, which it plans to dispose of within 24 months. FedEx Freight will pay a cash dividend of approximately $4.1 billion to FedEx prior to the separation. The separation is subject to customary conditions, and FedEx has given notice of its intention to redeem all €354,878,000 outstanding 1.300% notes due 2031 on May 28, 2026.

Items reported

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.