FedEx Freight Spinoff Starts Trading Next Week as FDXF Opens New Chapter for LTL Stocks
Updated
Updated · CNBC · May 26
FedEx Freight Spinoff Starts Trading Next Week as FDXF Opens New Chapter for LTL Stocks
3 articles · Updated · CNBC · May 26
FDXF begins trading next week after FedEx's board approved the FedEx Freight spinoff earlier this month, separating the less-than-truckload unit into a standalone public company.
The move spotlights the LTL sector, where carriers combine smaller shipments from multiple customers on one truck and could draw fresh Wall Street attention to the group.
FedEx shares sit 1% below their April high but are up 45% in six months, while peers have also rallied: Saia has surged 67% in six months and TFI International hit a new high Tuesday.
Other LTL names remain near recent peaks, with Old Dominion and XPO still below April highs even after gains in the past week, underscoring broader investor interest ahead of the spinoff.
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