[Stay on top of transportation news: Get TTNews in your inbox.] FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

MEMPHIS, Tenn. - FedEx announced that it will close 29 of its Freight locations and consolidate its operations into other locations. FedEx said that the furlough for certain job classes, starting May ...

FedEx announced the much-anticipated spinoff of its freight trucking division today, as it restructures its operations to focus on its core delivery business. Shares jumped about 9% in after-hours ...

Editor's note: This story has been updated to show FedEx clarified there have been four rounds of furloughs at FedEx Freight since November. For the fourth time in six months, FedEx Freight has ...

FedEx shares drop after J.P. Morgan abandoned its bullish stance amid increasing worries that the earnings guidance may be too optimistic Shipping giant FedEx Corp. has been downgraded by JP Morgan.

FedEx will spin off its freight business into a new publicly traded company. FedEx Freight will separate from FedEx over the next 18 months. Express delivery services have seen slowing demand for ...

FedEx Corp. plans to spin off FedEx Freight and create a new publicly traded company within the next 18 months. The move will allow each company to continue to pursue its own growth strategies, with ...

In recent days, FedEx has highlighted growing momentum in premium business-to-business shipping, winning contracts such as ...

FedEx shares paced Wednesday toward one of the biggest gains in the delivery giant’s 46 years as a public company, after FedEx’s quarterly earnings report brought investors the whole package. FedEx ...

Transportation analysts and experts expect FedEx to spin off its Freight unit as a separate publicly traded company, potentially bringing a windfall to shareholders while providing a boost to other ...