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4.68692368667525E-05 0.000726133539286243 0.00082802318464905 0.000624243893923242 0.005956468667915 0.005956468667915 0.005956468667915 0.005956468667915
Stock impact report

FedEx Review Could Lead to Sale of LTL Biz [Yahoo! Finance]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Yahoo! Finance
More from Sourcing Journal Inbound Containers Influx Carries On With May Increase FedEx to Shutter Four Facilities, Affecting More Than 300 Employees Trucking Experts Tout AI's Potential to Revolutionize Logistics “Our management team and the board of directors, along with outside advisors, are conducting an assessment of the role of FedEx Freight in our portfolio structure and potential steps to further unlock sustainable shareholder value, said FedEx's president and CEO Rajesh Subramaniam during an earnings call to investors late Tuesday. “We are committed to completing this review thoroughly and deliberately by the end of the calendar year.” UBS analyst Thomas Wadewitz said Wednesday in a research note that a “spin out of the LTL business is a potential path” and could unlock meaningful value considering the much higher valuations of other leading non-union LTL firms. The analyst's focus on a spinoff of the business suggests that a sale of the operation might not be a Show less Read more
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