FedEx Freight has entered into a five-year, $1.2 billion revolving-credit facility and a three-year, $600 million delayed-draw term-loan facility to support its planned separation from FedEx Corp. The revolving line, underwritten by a syndicate led by Goldman Sachs & Co. LLC, will provide working-capital flexibility to fund seasonal peaks and operational investments, while the delayed-draw tranche, available through March 2029, ensures liquidity for strategic initiatives. Both facilities include customary covenants and maturity extensions subject to lender consent, positioning FedEx Freight to maintain strong liquidity metrics upon its anticipated independence on June 1, 2026.

On January 16, 2026, FedEx Corp. filed a Form 10 registration statement with the U.S. Securities and Exchange Commission to register FedEx Freight’s common stock ahead of its spin-off. The filing highlights the carrier’s network of approximately 355 service centers, nearly 30,000 vehicles and 39,000 team members, and outlines a commercial strategy targeting high-growth verticals through technology and infrastructure investments. It also details financial objectives including sustained profitable growth, disciplined capital allocation for innovation, and a tax-free distribution to FedEx stockholders, with FedEx Freight shares expected to trade under the symbol "FDXF" on the New York Stock Exchange.

FedEx Corp. announced a ten-member board of directors for independent FedEx Freight, chaired by R. Brad Martin, current executive chairman of the FedEx Corp. board. John Smith, incoming CEO of FedEx Freight and former COO for FedEx U.S. and Canada, joins alongside industry veterans: Jeffrey A. Davis, ex-CFO of Dollar Tree; Donald E. Frieson, former Lowe’s EVP of Supply Chain; Stephen E. Gorman, former Delta Air Lines COO; Robert A. King, former FedEx internal audit VP; Cindy J. Miller, ex-CEO of Stericycle; Amy J. Salcido, former president U.S. of Kyndryl; John P. Sauerland, CFO of The Progressive Corporation; and Samantha M. Smith, FedEx global public policy director. This board brings deep expertise in transportation, finance, technology and regulatory affairs to guide the LTL specialist post-spin-off.