FedEx saw fiscal second-quarter earnings come in slightly above analyst expectations Thursday as the company also announced plans to spin off its freight business into a separate public company ...
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 shares rose after the delivery company said it would spin off its freight-trucking division as a separate public entity. The stock was up 3% shortly after the market open. The move by the ...