On December 19, 2024, FedEx announced its intent to make FedEx Freight a separate company, creating two industry-leading public companies.
On June 1, that separation took place and FedEx Freight is now a standalone company comprised of FedEx’s less-than-truckload freight transportation services business, including FedEx Custom Critical, LTL Select, and other businesses operated under FedEx’s FedEx Freight reporting segment.
“Today begins the next chapter for the new FedEx Freight,” said John Smith, FedEx Freight president and chief executive officer. “We move forward as an independent company with a sharpened focus and disciplined strategy to build on our competitive advantages and accelerate profitable growth. As the largest pure-play LTL carrier in North America, we will leverage our comprehensive network with more than 26,000 service center doors to deliver cost and service advantages to our customers and capitalize on growth opportunities in high-potential verticals. With our safety above all culture and a world-class team, FedEx Freight is well positioned to unlock our full potential and deliver long-term stockholder value.”
FedEx Frgiht has 30,000 vehicles, of which nearly 17,000 are tractors, and 40,000 dedicated team members to support its network of over 365 locations.
FedEx Freight is North America’s largest LTL carrier, offerings including Priority, Economy, and Direct otions to allow customers to balance speed and cost to meet their unique needs.
FedEx Custom Critical, a subsidiary, provides expedited, time- and temperature-specific freight solutions, including Surface Expedite and White Glove Services, available 24/7/365.
