Overview

• FedEx is evaluating the future of its Freight unit, with options including a spinoff or sale.
• The Freight unit is the largest less-than-truckload carrier in North America, valued up to $50 billion.
• Investors responded positively to the news, with FedEx shares jumping as much as 15%.
• FedEx's restructuring aims to streamline operations and improve profitability.
• A decision on the Freight unit is expected by the end of the calendar year.