The firm made 47% of its income from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment, in the fiscal year 2024, which concluded in May.

What Happened: Lane demonstrated confidence in FedEx by purchasing 333 shares, as reported in a Form 4 filing with the U.S.

In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment.

FedEx FDX-N +3.37% announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures ...

ShipMatrix president Satish Jindel attributed the market’s attitude toward FedEx Freight's planned spin off to several ...

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cross-border trade helping Mexico narrow gaps in technology; Investment ...

“From my perspective, Mexico is very key for the future of the next three, four years in shipping ... via its platform for managing truckload, less-than-truckload and partial truckload freight ...

FedEx's decision to spin off its freight trucking unit will strengthen that business while allowing the parcel delivery giant ...