FedEx Freight, the less-than-truckload unit of FedEx, appears to be heading for a spin-off.
In an earnings call in the wake of its latest quarterly results, FedEx president and CEO Raj Subramaniam admitted that the future of the company’s best-performing unit was under review.
“Our management team and board of directors, along with outside advisers, are conducting an assessment of the role of FedEx Freight in our portfolio structure, and potential steps …
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