FedEx Corporation (FDX) set June 1 as the date that the company will spin off FedEx Freight into a publicly traded entity. FedEx Freight will be led by John Smith in the CEO role, and R. Brad Martin, ...
FedEx Corp.’s decision on Thursday to cleave off its freight unit will unlock value for shareholders, for sure. It will also expose the remaining parcel business as low margin and capital intensive.
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