In Plain English
FedEx Corporation is splitting off FedEx Freight into its own separate, publicly-traded company. Shareholders typically receive shares in the new entity automatically. This is actively in progress.
FedEx Freight will become a separate public company
Deal Progress
RUMORED
ANNOUNCED
PENDING
ACTIVE
COMPLETED
Parent Company
FedEx Corporation
FDX
Transportation
SpinCo / Target
FedEx Freight
Announced
Jan 29, 2025
Jan 29, 25
Expected
Jun 1, 2026
In 1mo
Market Cap
Not disclosed
Deal Value
Not disclosed
Summary
FedEx to spin off FedEx Freight into a new publicly traded company. On track for June 1, 2026. $3.7B debt offering completed.
Deal Flow Timeline
Key milestones from announcement to expected completion
Deal Announced
2025-01-29
COMPLETEDForm 10 Filed
COMPLETEDIRS Tax Ruling
COMPLETEDShareholder Approval
COMPLETEDRecord Date
2026-06-01
UPCOMINGDistribution / Completion
2026-06-01
UPCOMINGDeal Announced
COMPLETEDInitial public announcement of the transaction.
2025-01-29
Form 10 Filed
COMPLETEDRegistration statement filed with the SEC for the new entity.
IRS Tax Ruling
COMPLETEDPrivate letter ruling confirming tax-free treatment.
Shareholder Approval
COMPLETEDBoard and/or shareholder vote to approve the separation.
Record Date
UPCOMINGRecord date for distribution of new shares.
Est: 2026-06-01
Distribution / Completion
UPCOMINGShares of the new entity distributed to shareholders.
Est: 2026-06-01