FedEx Freight debuted as an independent publicly traded company on June 1, 2026, listing on the New York Stock Exchange under the ticker FDXF after completing its spinoff from FedEx Corp. CEO John Smith rang the opening bell at the NYSE and stated the Memphis-based carrier's full potential had been constrained by its role as a subsidiary within a parcel-focused parent company.
The company, ranked first among less-than-truckload carriers in North America, enters its standalone phase operating 365 locations, approximately 26,000 service center doors, and around 30,000 vehicles including 17,000 trailers. FedEx Freight had structured its business heavily around large corporate customers, leaving it with limited presence in the small-to-medium business market, food and beverage, healthcare, and data center and energy segments. Smith told Transport Topics the company had done essentially no business in the food and beverage sector despite that segment's stability through economic cycles.
As an independent company, FedEx Freight added roughly 500 new sales representatives and approximately 1,000 to 1,200 back-office employees. A new customer relationship management system designed specifically for LTL operations will replace technology that previously prioritized FedEx's parcel business. FedEx Freight projects fiscal 2026 revenue of $8.7 billion and an operating margin of 12%, with compound annual revenue growth of 4% to 6% expected over the medium term. The company raised $3.7 billion in investment-grade bonds in January 2026 as part of the separation from its former parent.
Source: Transport Topics -- https://www.ttnews.com/articles/fedex-freight-standalone