FedEx Freight
Coverage of FedEx Freight in the Nexus archive.
- FedEx Freight's first earnings as an independent company showed a steep profit drop
FedEx Freight reported a 67% decline in operating income for the fourth quarter due to $205 million in spinoff costs, despite a 4.8% revenue increase.
- Former FedEx Freight employees accused of stealing scores of Apple products, Medley police say
Two former FedEx Freight employees are accused of stealing Apple products worth tens of thousands of dollars in Miami-Dade County. Michael Turro-Cabrera was arrested on grand theft and fraud charges, while co-defendant Yasmany Aguiar-Gonzalez remains at large. FedEx reported the theft after Apple confirmed shortages, leading to Turro-Cabrera's termination.
- We're updating our rating on recently spun FedEx Freight after a strong run-up
The Investing Club is updating its rating on recently spun FedEx Freight following a strong run-up. The club releases the Homestretch, an afternoon update for the last hour of trading.
- FedEx Freight CEO says the spinoff will help the company 'leapfrog' competitors
FedEx Freight CEO John Smith stated that the company's separation from FedEx will enable it to invest more aggressively in growth initiatives, allowing it to 'leapfrog' competitors.
- We're giving newly spun FedEx Freight a buy rating and raising our price target on another
The Investing Club has given FedEx Freight a buy rating and raised its price target for another entity. The club releases its Homestretch update daily as an actionable afternoon trading guide.
- FedEx Freight Shares Drop in First Day of Trading After Spinoff
FedEx Freight's shares declined on their first day of trading following a spinoff. A FedEx truck was photographed in Salt Flat, Texas on January 23, 2025.