FDXF | Market Cap: $17.1B (08/06/26)
Industry:
Transportation

DESCRIPTION

FedEx Freight is the largest less-than-truckload (LTL) carrier in North America, operating as an independent company following its spin-off from FedEx in June 2026. The company consolidates shipments from over 100,000 customers across industries like e-commerce, manufacturing, and healthcare into single trailers to lower shipping costs. FedEx Freight operates an extensive network of cross-docking terminals, covering 98% of U.S. ZIP codes using 17,000 tractors and 26,000 service center doors. Core offerings include FedEx Freight Priority, a premium time-definite service with a money-back guarantee, and FedEx Freight Economy, a value-based service for less time-sensitive freight. The company also provides expedited transport through FedEx Custom Critical and residential delivery via FedEx Freight Direct. The business model focuses on maximizing trailer and network utilization to spread fixed costs like fuel and labor across more revenue-generating freight. FedEx Freight targets growth by expanding sales to small and mid-sized businesses and focusing on specialized sectors like healthcare logistics and energy infrastructure. The company uses technology for route optimization and load planning to improve efficiency and maintain low driver turnover.

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