FedEx Freight Spins Off, Predicts Revenue Drop

FedEx Freight, set to become a publicly traded company, saw a 1.7% revenue drop in Q2 due to decreased shipping activity, aligning with broader manufacturing data. The division now expects a slight revenue decrease for the full fiscal year, despite a general rate increase. FedEx as a whole reported stronger earnings and raised its financial outlook.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.