FedEx Corporation
FedEx Completes Spin-Off of FedEx Freight
Summary
On June 1, 2026, FedEx Corporation completed the spin-off of its freight division, FedEx Freight Holding Company, Inc., into a separate publicly traded company. The spin-off involved the distribution of 80.1% of FedEx Freight's common stock to FedEx shareholders, with FedEx retaining 19.9% of the shares. The spin-off also involved the execution of several agreements to govern the relationship between the two companies, including a Separation and Distribution Agreement, a Transition Services Agreement, a Tax Matters Agreement, an Employee Matters Agreement, an Intellectual Property Cross-License Agreement, a Trademark License Agreement, and a Stockholder and Registration Rights Agreement. Additionally, there were executive changes, with Stephen E. Gorman resigning from the FedEx Board of Directors and John A. Smith resigning as Chief Operating Officer to become the President and CEO of FedEx Freight.
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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.
Official SEC Documents
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