FedEx completes spin-off of freight unit, distributing 80% to shareholders after $4.1B dividend

Filed June 1, 2026 · Period ending May 28, 2026 · ~2 min read

Key Changes

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  FedEx distributed 80.1% of FedEx Freight shares to stockholders at 1-for-2 ratio (one FDXF share per two FDX shares held May 15); new company begins NYSE trading June 1 under ticker FDXF while FedEx retains 19.9% stake.

  Item 2.01: Spin-off completion verify on EDGAR →
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  Before separation, FedEx Freight paid parent company $4.1 billion dividend funded by $3.7 billion senior notes issued February 2026 plus term loan borrowings, loading freight unit with debt while extracting cash to FedEx.

  Item 8.01: Pre-spin dividend verify on EDGAR →
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  FedEx Freight licensed to use FedEx brand name and trademarks for initial 5-year term with potential 5-year renewal, critical for customer recognition but creates future risk if not extended beyond 10 years.

  Item 1.01: Trademark agreement verify on EDGAR →