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FedEx Freight Unit Projects Profit Growth Post-Spinoff
Bloomberg·
Following its planned spinoff from the core parcel-shipping business, FedEx Corp.'s freight unit is projecting robust profit growth. The company anticipates an average profit increase of 10% to 12% annually over the next few years. This optimistic outlook suggests confidence in the standalone freight operation's ability to operate efficiently and capture market share independently, potentially benefiting from a more focused strategic direction and operational structure.
Tags
spin-off
logistics
Original Source
Bloomberg — www.bloomberg.com