FedEx Considers Spinning Off Freight Unit Amid Strategic Review

Potential spinoff could unlock significant shareholder value as FedEx assesses the future of its less-than-truckload business.

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.