Fedex Freight to Operate Independently Under Smith and Martin

Fedex Freight to Operate Independently Under Smith and Martin

FedEx Freight is set to spin off into an independent publicly traded company, with John A. Smith appointed as President and CEO, and R. Brad Martin as Chairman of the Board. This strategic move aims to unlock growth potential, enhance shareholder value, and optimize the company's business portfolio. The spinoff, expected to be completed before June 2026, will create a leading pure-play Less-Than-Truckload (LTL) carrier and is poised to significantly impact the entire LTL shipping industry.

01/20/2026 Logistics
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Fedex Freight to Spin Off Under Smith and Martins Leadership

Fedex Freight to Spin Off Under Smith and Martins Leadership

FedEx plans to spin off its less-than-truckload (LTL) freight division into an independent publicly traded company by June 2026. John A. Smith has been appointed President and CEO, and R. Brad Martin will serve as Chairman of the Board. This move aims to unlock shareholder value, improve operational efficiency, and allow both companies to maintain commercial operations and technology collaboration. Post-separation, FedEx Freight will become a leading pure-play LTL carrier with the most extensive network.