FedEx Freight set for market debut as it completes spinoff - BNN Bloomberg
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Article Excerpt
FedEx Corp said on Monday that FedEx Freight FDXF.N has completed its spinoff from the parent company, paving the way for its trading debut on the New York Stock Exchange under the symbol “FDXF.”
Shares of FedEx FDX.N were up 2.2 per cent in premarket trading after announcing the completion of the FedEx Freight spinoff. FedEx Freight is the largest provider of less-than-truckload services in the U.S.
Its debut as an independent company comes at a time when freight rates could be emerging from a four-year slump, partly due to several operators exiting the market because of financial losses an…
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