FedEx sets one-for-two share ratio for freight unit spinoff
FedEx shareholders will receive one share of FedEx Freight for every two shares held. The unit lists on the NYSE on June 1 following a $4.1 billion dividend.
FEDEX CORP will distribute one share of its trucking unit for every two parent shares held. FedEx Freight lists on the New York Stock Exchange on June 1 as an independent company. The separation aims to unlock value from assets that were not fully appreciated within the parcel delivery group.
FedEx Freight had previously announced the spinoff in late 2024. The company will pay a $4.1 billion dividend to its parent ahead of the separation. The trucking sector is seeing higher rates following federal restrictions on commercial driver licenses for non-citizens, though most trucking executives say they have yet to see broad improvement in shipment demand.
