MEMPHIS, Tenn. − FedEx Freight is closing 29 locations later this year and will begin another round of furloughs for some employees at the end of May, the company announced Monday. FedEx Freight ...

FedEx Freight handles bulk shipping with any shipment more than 150 pounds considered freight, according to the company. FedEx Freight has about 400 service centers and 46,000 team members ...

FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.

FedEx Freight recorded revenue of $9.4 billion in fiscal 2024, and according to FedEx Corp., has increased operating profit by almost 25% every year for the past five years.

The separation of FedEx Freight into a publicly traded company is expected to be finalized by June 2026. Two top officials at FedEx Corp. have been tapped for leadership positions at FedEx Freight ...

FedEx Freight will separate from FedEx over the next 18 months. Express delivery services have seen slowing demand for their services. FedEx is spinning off its freight arm into a new publicly ...

FedEx continues to build out a dedicated sales force for Freight.Revenue at the largest less-than-truckload carrier in the nation fell 4% to $2.9 billion in the fiscal year fourth quarter due to ...

FedEx Freight has found its next CEO and chairman as it preps for its spinoff next year.. FedEx Corp. has promoted from within to fill the CEO and president role at its less-than-truckload (LTL ...

FedEx's decision to spin off its freight trucking unit will strengthen that business while allowing the parcel delivery giant to better tackle challenges in its core operations, analysts said on ...

Feb 1 (Reuters) - FedEx Corp , opens new tab on Tuesday suspended its domestic express freight services due to a staff shortage as cases of the Omicron variant of the coronavirus rose.