FedEx has completed the spin-off of FedEx Freight, turning the trucking unit into a separately traded company on the New York Stock Exchange under the ticker “FDFX.”
Under the separation, FedEx distributed 80.1% of FedEx Freight’s outstanding common shares to FedEx stockholders on a pro rata basis. Investors received one share of FedEx Freight for every two FedEx shares they held as of the May 15, 2026 record date. Fractional shares will be paid in cash.
FedEx kept 19.9% of FedEx Freight’s shares and said it plans to dispose of that stake within 24 months. That remaining position could be sold through exchanges tied to debt repayment or distributed to FedEx shareholders through dividends or stock exchanges.
The move splits the company into two public businesses. FedEx Freight begins trading today as an independent North American less-than-truckload carrier, while FedEx continues to trade on the NYSE under “FDX.”
FedEx cited annual revenue of $92 billion and more than 500,000 employees in describing the scale of the parent company after the separation. Following these announcements, the company's shares moved -18.97%, and are now trading at a price of $333.63. For more information, read the company's full 8-K submission here.
