FedEx announced the much-anticipated spinoff of its freight trucking division today, as it restructures its operations to focus on its core delivery business. Shares jumped about 9% in after-hours ...

In recent months, FedEx has advanced its multi-year DRIVE and Network 2.0 transformation programs, while outlining plans to separate FedEx Freight into an independent, publicly traded company by June ...

Editor's note: This story has been updated to show FedEx clarified there have been four rounds of furloughs at FedEx Freight since November. For the fourth time in six months, FedEx Freight has ...

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) today announced that its Board of Directors has concluded a comprehensive assessment of the role of FedEx Freight as part of its portfolio and ...

Do you work at FedEx? Let us know what you think about the layoffs and cutbacks by filling out the form at the bottom of this article. We will keep all submissions anonymous. On May 2, FedEx announced ...

FedEx (FDX) disclosed the spin-off of its FedEx Freight division into a separate publicly traded company. With this move, FDX aims to enhance shareholder value, improve financial performance, and ...