FedEx announced that FedEx Freight Holding Company, Inc., its wholly owned subsidiary, has commenced a private offering of senior unsecured notes. The proceeds from the offering will be used to finance the planned separation of FedEx Freight from the parent company, creating an independent less-than-truckload (LTL) business. Once completed, the spin-off will position FedEx Freight as a standalone entity owning and operating the company’s LTL network through its domestic and cross-border subsidiaries. The Issuer intends to use net proceeds to repay intercompany debt owed to FedEx Corp. and to finance working capital needs. Credit investors are watching for the final coupon rate and maturity structure, which are expected to align with investment-grade profiles to preserve the spin-off’s standalone credit rating.

FedEx announced plans to reduce its workforce in France by up to 500 positions as part of a broader overhaul of its European domestic operations. The company will invest 78 million euros in network optimization, including automation upgrades at two major sorting centers near Paris and Marseille, fleet renewal with Euro 6-compliant tractors, and enhanced digital routing tools. These measures are projected to improve transit times by 8% and reduce fuel consumption by 12% annually. Affected roles include driving, linehaul and administrative posts; FedEx has confirmed it will offer outplacement support and early-retirement packages where eligible. Management expects the restructuring to yield annual cost savings of approximately 20 million euros once fully implemented by year-end.