FedEx Corporation (FDX)
FedEx Divests FedEx Freight and Shifts Gears to DRIVE Program
FedEx is taking steps to streamline its operations by prioritizing its DRIVE program and separating FedEx Freight into a standalone, publicly traded company. These decisions were announced by FedEx President and CEO Raj Subramaniam Thursday (Dec. 19) during the company's second-quarter earnings call, which saw the company's total sales of $22 billion slip 1%.
FedEx to spin off freight business
CNBC's Frank Holland reports on the latest news from FedEx.
What's Next For FDX Stock?
FedEx stock (NYSE: FDX) is expected to see higher levels after it announced the spin-off of its freight business. While this move was awaited, it bodes well for the stock, unlocking shareholder value.
FedEx Stock Climbs on Freight Business Spinoff, Earnings
Shares of FedEx Corp (NYSE:FDX) opened the session at $294, but have pulled back from its highs slightly, last seen 4.6% higher at $288.64, fueled by a wave of significant developments during the bustling holiday shipping season.
FedEx's freight unit spinoff offers ‘early Christmas' to Wall Street
Stifel, TD Cowen and Susquehanna analysts praise move and boost their price targets for the stock.
Vernon: The challenge for the FedEx spin-off will be staffing and what costs will look like
Bernstein analyst David Vernon discusses FedEx's latest earnings, and whether the planned spin-off of the truck freight business will set the company on the right track.
Honeywell and FedEx spinoff plans: can investors hope for a GE Vernova-like success?
Breaking up companies into smaller, independent entities is proving to be a winning formula for investors. Spinoffs, often pursued to create shareholder value, have delivered extraordinary returns in 2024.
After GE's Spinoff Success, What's Next for Honeywell, FedEx
For every GE Vernova, up 154%, there is a Kenvue, which has dropped more than 20%, or a Solventum, which has fallen 17%.
Watch These FedEx Levels as Stock Jumps on Plans for Freight Business Spinoff
FedEx (FDX) shares moved sharply higher in extended trading on Thursday after the shipping giant announced plans to spin off its freight business as a separate public company, overshadowing a lowered full year outlook.
FedEx upgraded to Buy from Hold at Loop Capital
Loop Capital upgraded FedEx to Buy from Hold with a price target of $365, up from $288.
FedEx Corporation (FDX) Q2 2025 Earnings Call Transcript
FedEx Corporation (NYSE:FDX ) Q2 2025 Results Conference Call December 19, 2024 5:30 PM ET Company Participants Jeni Hollander - VP of IR Raj Subramaniam - President and CEO Brie Carere - EVP and Chief Customer Officer John Dietrich - EVP and CFO Conference Call Participants Chris Wetherbee - Wells Fargo Ken Hoexter - Bank of America Ari Rosa - Citigroup Jordan Alliger - Goldman Sachs Daniel Imbro - Stephens Inc Jason Seidl - TD Cowen Conor Cunningham - Melius Research Brian Ossenbeck - JPMorgan Brandon Oglenski - Barclays Bruce Chan - Stifel Jon Chappell - Evercore ISI Scott Group - Wolfe Research Tom Wadewitz - UBS David Vernon - Bernstein Operator Good day, and welcome to the FedEx Fiscal Year 2025 Second Quarter Earnings Call. All participants are in a listen-only mode.
FedEx CEO Raj Subramaniam: Our scaled network provides us an advantage in this dynamic time
FedEx CEO Raj Subramaniam joins 'Mad Money' host Jim Cramer to talk quarterly results, spinning off its freight business, impact of potential tariffs and more.
