FedEx Freight Targets Profit Growth Ahead of Spinoff

FedEx Freight is targeting a medium-term compounded operating income growth rate of 10% to 12% annually, ahead of its upcoming investor day and separation from FedEx. This ambitious growth projection signals confidence in the LTL trucking sector and the company's standalone strategy. The announcement comes as FedEx Freight prepares to operate independently, aiming to demonstrate its financial strength and future potential to investors.