FedEx will spin off FedEx Freight as an independent company on June 1, and the new business will quickly join the S&P 500 index.

Newark, March 27, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 390.5 million air freight unit load device market will reach USD 692.7 million by 2032. A Unit Load Device is a ...

FedEx Corp. is cutting 900 jobs at its FedEx Freight unit, about 2.6 percent of the less-than-truckload unit's 35,000 employees, according to widely published reports. FedEx officials cite greater ...

The announcement follows ASCS’ Amazon Freight unit stepping out of the shadows May 4 after months of rumor. The company ...

FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks. The ...

May 13 (Reuters) - FedEx said on Wednesday it would allot its shareholders one share of the trucking unit it is hiving off for every two shares they hold in the parcel delivery firm. The unit, FedEx ...

UPS has warned its freight customers of a potential strike by the Teamsters union, and the company has said it will not accept freight shipments scheduled to arrive after Thursday, Nov. 8. UPS and the ...