FedEx Freight will host its inaugural Investor Day at the New York Stock Exchange (NYSE) in New York City today, ahead of its planned spinoff from FedEx Corporation (NYSE: FDX).
Members of the FedEx Freight executive leadership team, led by incoming president and chief executive officer John Smith, will outline the company’s advantaged positioning as the largest North American less-than-truckload (LTL) carrier and unique value proposition, compelling financial model, and strategy to unlock future profitable growth.
“We are pleased to introduce FedEx Freight as an independent public company to the investment community as we move closer to our next chapter,” said John Smith, incoming president and chief executive officer.
“As the largest pure-play LTL carrier in North America, we are combining our market-leading network scale, published transit times, and reliability with a differentiated service model to meet the evolving needs of our customers. Built on a culture of safety above all with 40,000 team members across North America, FedEx Freight is moving forward from a position of strength and a renewed focus and flexibility to build on our competitive advantages, accelerate our growth trajectory, and unlock our full potential.”
“FedEx Freight is well-positioned to drive profitable growth through greater focus, disciplined capital allocation, and targeted investments in its network and technology," said Brad Martin, current executive chairman of the FedEx Corp. board of directors and incoming chairman of the board of FedEx Freight.
FDX shares soared $14.58, or 4.1%, to $371.23.
