Benzinga
  • 21 hours ago
FedEx announced the spinoff of its freight trucking division to focus on core delivery operations. Analysts estimate the spinoff could unlock up to $20 billion in shareholder value, positioning the freight business for better profitability and growth as an independent entity. FedEx Freight experienced a revenue decline last quarter but appears to have stabilized despite losing customers. While adjusted profits exceeded expectations, FedEx lowered its outlook for next year due to persistent demand challenges and the loss of its USPS contract.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02FedEx announced the spinoff of its freight trucking division to focus on core delivery
00:06operations. Analysts estimate the spinoff could unlock up to $20 billion in shareholder value,
00:11positioning the freight business for better profitability and growth as an independent
00:15entity. FedEx Freight experienced a revenue decline last quarter but appears to have
00:19stabilized despite losing customers. While adjusted profits exceeded expectations,
00:24FedEx lowered its profit outlook for next year due to persistent demand challenges
00:28and the loss of its USPS contract. For all things money visit Benzinga.com slash GSTV

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