May. 27 at 6:06 PM
$FDX is spinning off its heavy-cargo trucking division, FedEx Freight, into an entirely independent, publicly traded company that will trade under the NYSE ticker
$FDXF, starting on June 1st. The separation means
$FDX can focus entirely on its "Network 2.0" restructuring to optimize its core parcel and express delivery systems.
Under the approved separation terms, you will receive 1 share of
$FDXF for every two shares of
$FDX that you own.
