FedEx Freight Starts Trading as FDXF After June 1 Spin-Off From FedEx

9 articles · Updated · CNBC · Jun 1

FedEx Freight began its first day of independent trading Monday after completing its separation from FedEx and listing on the NYSE under ticker FDXF.
Jim Cramer said the split should unlock value for both companies, arguing FedEx Freight had been under-resourced inside the parent while also weighing on FedEx's stock.
FedEx Freight is the largest U.S. less-than-truckload carrier, and management has outlined medium-term targets of 4%-6% average revenue growth and 10%-12% core profit growth.
The debut comes as freight rates show signs of emerging from a four-year slump, though analysts have flagged execution and transition-cost risks as the standalone company finds its footing.

Can FedEx Freight shed its underperforming past to challenge top rivals, or will spinoff costs cripple its new beginning?

FedEx Freight is betting on an AI revolution. Will this high-tech gamble finally fix its service woes and justify its independence?