FedEx Spinoff of Freight Division
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FedEx managementReuters
•FedEx to spin off its freight trucking business
78% Informative
FedEx Freight is the largest U.S. provider of less-than-truckload services.
Analysts believe the spinoff could unlock up to $20 billion in shareholder value.
FedEx also said adjusted profit fell to $0.99 billion , or $ 4.05 per share, in the second quarter .
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