FedEx completes freight spinoff as independent pure-play carrier debuts on NYSE

FedEx (NYSE:FDX) completed the separation of its less-than-truckload operational unit on Monday, launching FedEx Freight Holding Company (NYSE:FDXF) as an independent, publicly traded entity on the New York Stock Exchange.

The newly formed company, trading under the ticker symbol FDXF, marks the market debut of the largest pure-play less-than-truckload (LTL) carrier in North America.

Reflecting its immediate corporate scale upon market entry, index providers confirmed that FedEx Freight will join primary global equity benchmarks, gaining fast-track inclusion into both the S&P 500 and the Dow Jones Transportation Average.

The parent organization will continue its standard equity listings on the NYSE under its historical ticker symbol FDX.

The corporate spin-off was executed through a pro rata equity distribution of 80.1% of the outstanding common stock of FedEx Freight to existing parent company shareholders.

Investors of record as of the close of business on May 15, 2026, received one newly issued share of FDXF common stock for every two shares of FDX common stock held.

Fractional shares generated by the distribution ratio will be settled systematically in cash.

FedEx Corporation retained a residual 19.9% ownership stake in the independent freight operator.