FedEx (FDX) Board of Directors approves spin off of FedEx Freight; stock holders to receive 1 FedEx Freight (FDXF) share for every 2 FDX shares owned

FedEx's Board has approved a spin-off of FedEx Freight, providing shareholders with shares in the new entity.

Newsquawk StaffPublished 13 May 2026, 14:09 UTCOn the live feed at 13:49 UTC — 9 more headlines followed before this page went public

Newsquawk headlinesUTC

13:58

China cautiously views the months-long conflict with Iran as having potentially strengthened its negotiating position with US President Trump, according to CNN citing sources

13:50

US EQUITY OPEN: NVDA/MU strength leads Tech higher, as Trump/Xi summit awaits

13:49

FedEx (FDX) Board of Directors approves spin off of FedEx Freight; stock holders to receive 1 FedEx Freight (FDXF) share for every 2 FDX shares owned

13:26

Iran Army Spokesperson says Strait of Hormuz is under strategic control of Iranian Armed Forces; We will no longer allow American weapons to pass through the Strait of Hormuz and enter bases in the region.

13:25

Russian President Putin says Russia will continue to develop missile systems capable of overcoming all current and future missile defence systems; will continue to modernise and develop its strategic nuclear forces, TASS reports

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

FDXF wil begin trading on June 1st.

Context

This move is strategic for unlocking value, and while the immediate market reaction may focus on the share distribution, the implications for FedEx's focus and operational structure could attract long-term interest in both companies. Watch for potential adjustments in valuation metrics as the market digests this new structure.

Equities · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

EQUITIES/26 Aug · 12:56 UTC

States and Meta (META) and agree to settle claims that platforms harmed children, according to a court filing; Meta agrees to pay a maximum of USD 16.68bln to states as part of deal

Market, after we published+2.6%

EQUITIES/7 Sept · 10:54 UTC

Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed.

Equity indices, after we published−0.1%

EQUITIES/7 Sept · 09:15 UTC

Volkswagen (VOW3 GY) says that the Co., Lower Saxony and Aurelius Capital have agreed on key terms for the sale of Osnabrueck Plant; aims to secure the site and majority of jobs in the long term.

Market, after we published+1.6%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.