FedEx is spinning off its freight business
FedEx announced FedEx Freight after the stock market closed Thursday.
REUTERS/Ina Fassbender
- FedEx will spin off its freight business into a new publicly traded company.
- FedEx Freight will separate from FedEx over the next 18 months.
- Express delivery services have seen slowing demand for their services.
FedEx is spinning off its freight arm into a new publicly traded company.
Called FedEx Freight, the new company will handle large cargo, while FedEx...
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