FedEx spins off Freight unit as independent public company, distributing 80% to shareholders

Filed May 13, 2026 · Period ending May 11, 2026 · ~1 min read

Key Changes

• high

  FedEx shareholders will receive 1 share of FedEx Freight (ticker: FDXF) for every 2 shares of FedEx held as of May 15, 2026. Trading begins June 1, 2026 on NYSE.

  Item 8.01 verify on EDGAR →
• high

  FedEx Freight will pay parent company $4.1 billion cash dividend before spinoff, funded by $3.7 billion senior notes issued in February and new term loan borrowings, loading debt onto the spun-off entity.

  Item 8.01 verify on EDGAR →
• medium

  FedEx retains 19.9% of Freight shares initially but will dispose within 24 months, either to repay creditors or distribute to shareholders as dividends or stock exchanges.

  Item 8.01 verify on EDGAR →