FedEx Freight Unit Projects Profit Growth Post-Spinoff

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.