FedEx (FDX) announced several leadership roles as the company makes progress to separate its less-than-truckload freight division. John A. Smith, chief operating officer, U.S. and Canada, of Federal Express, has been selected to serve as the president and CEO of FedEx Freight, and R. Brad Martin, vice chairman of the FedEx Corp. board of directors, has agreed to serve as chairman of the board of FedEx Freight. Both appointments will be effective upon completion of the previously announced separation of FedEx Freight from FedEx Corp. Plans for the spin-off, which is expected to occur by June 2026, remain on track.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX:
- FedEx price target lowered to $260 from $275 at BMO Capital
- Appaloosa buys Deutsche Bank, exits FedEx in Q1
- FedEx price target lowered to $270 from $272 at BofA
- FedEx’s Strategic Initiatives and Amazon Partnership Justify Buy Rating Amidst Tariff Pressures
- Amazon (AMZN) Taps FedEx in Fresh Delivery Deal as UPS Cuts Ties
