FedEx Freight
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FedEx Freight CEO says the spinoff will help the company 'leapfrog' competitors
FedEx Freight CEO John Smith said on Monday the company's separation from FedEx will allow it to invest more aggressively in growth initiatives and better compete in the less-than-truckload shipping market. "The things that we are going to be able to control now, especially from a capital and investment perspective, be able to put dollars into the LTL company that are LTL specific ... That's going to help us leapfrog the competitors," Smith said on CNBC's "Mad Money."
We're updating our rating on recently spun FedEx Freight after a strong run-up
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FedEx Freight Shares Drop in First Day of Trading After Spinoff
A FedEx truck in Salt Flat, Texas, on Jan. 23, 2025.
Amazon’s Trucking Push Sparks Fresh Selloff in Transport Stocks
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Jim Cramer says this company's spin-off could unlock significant upside
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