FedEx Freight Holding Company completed its separation from FedEx Corporation and began trading as an independent company on the New York Stock Exchange under ticker symbol FDXF, according to a company statement.

The spinoff was executed through FedEx's distribution of 80.1% of FedEx Freight's outstanding shares to FedEx stockholders on a pro rata basis. Each FedEx stockholder received one share of FedEx Freight common stock for every two shares of FedEx common stock held as of May 15, 2026.

FedEx (NYSE: FDX) retained 19.9% of FedEx Freight's outstanding shares and plans to dispose of them within 24 months through debt exchanges or stockholder distributions. FedEx will continue trading on the NYSE under ticker symbol FDX.

"We move forward as an independent company with a sharpened focus and disciplined strategy to build on our competitive advantages and accelerate profitable growth," said John Smith, FedEx Freight president and chief executive officer.

FedEx Freight operates as a less-than-truckload carrier in North America with a network of more than 365 locations and over 26,000 service center doors. The company employs approximately 40,000 team members and operates nearly 30,000 vehicles, including nearly 17,000 tractors.

The company has been announced for inclusion in the S&P 500 and Dow Jones Transportation Average indices. Goldman Sachs and J.P. Morgan Securities served as financial advisors to FedEx for the transaction, with Skadden, Arps, Slate, Meagher & Flom providing legal counsel.