FedEx Freight held its inaugural investor day at the New York Stock Exchange, presenting its strategy as an independent company ahead of its planned spinoff from FedEx Corporation (NYSE: FDX) on June 1, 2026.

The company outlined four strategic priorities: optimizing its network through fleet modernization and cost reduction; leading commercial offerings with flexible transit options; advancing technology capabilities including automation and AI; and financial value creation through profitable growth.

FedEx Freight introduced medium-term financial targets including revenue growth of 4-6% compound annual growth rate, adjusted operating income growth of 10-12% CAGR, and free cash flow generation exceeding $1 billion. The company expects capital expenditures to represent approximately 5% of revenue and free cash flow conversion above 90%.

"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," said John Smith, incoming president and chief executive officer.

The separation remains on track for completion on June 1, 2026, subject to final approval from the FedEx Corporation Board of Directors and other customary conditions. FedEx Freight common stock is expected to be listed on the New York Stock Exchange under the ticker symbol "FDXF."

The planned spinoff is intended to be tax-free for FedEx and FedEx stockholders for U.S. federal income tax purposes. FedEx Freight operates as North America's largest less-than-truckload carrier with approximately 365 locations and 40,000 employees.