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FedEx Freight Spinoff Aims to Boost Competitiveness

FedEx Freight's CEO stated that the company's spinoff is intended to help it surpass competitors, leading to a 'buy' rating and increased price target from analysts.

1 Jun, 22:48 — 1 Jun, 22:48
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cnbcMostly Factual85d ago

FedEx Freight CEO says the spinoff will help the company 'leapfrog' competitors

FedEx Freight CEO John Smith said the company's separation from FedEx will allow it to invest more aggressively in growth initiatives.

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