FedEx Corp. announced to fully separate FedEx Freight into a new publicly traded company. This move, aimed at enhancing operational focus and investment strategies, Raj Subramaniam, President & CEO, FedEx Corp., said. The separation will allow FedEx and FedEx Freight to pursue their growth strategies while maintaining strategic cooperation in key areas. Customers will continue to receive the same high level of service, speed, and coverage from both companies. “This announcement is a testament to the strength of the business our team has built, and to our dedication to doing what is best for our customers, our team members, and our stockholders. Through this process, we will unlock value for our Freight business and position FedEx to create even greater value for stockholders,” he added.
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