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 has hundreds of terminals but has reconfigured operations throughout parts of the U.S. and also sold off property. That’s given competitors, ...

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 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 will spin off its freight business into a new publicly traded company. FedEx Freight will separate from FedEx over the next 18 months. Express delivery services have seen slowing demand for ...

FedEx Corp.’s decision on Thursday to cleave off its freight unit will unlock value for shareholders, for sure. It will also expose the remaining parcel business as low margin and capital intensive.

FedEx Corp. is encouraging pilots to seek work flying for a unit of American Airlines Group as the pandemic-era surge in demand for air cargo slows.