Fedex announces intent to separate fedex freight, creating two industry-leading public companies

Memphis, tenn.--(business wire)--fedex corp. (nyse: fdx) today announced that its board of directors has concluded a comprehensive assessment of the role of fedex freight as part of its portfolio and has decided to pursue a full separation of fedex freight through the capital markets, creating a new publicly traded company. the separation is expected to be achieved in a tax-efficient manner for fedex stockholders and executed within the next 18 months. as two industry-leading public companies,.
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