FedEx to split FedEx Freight into separate company [Video]

MEMPHIS, Tenn. (WMC) – FedEx is splitting FedEx Freight into its own, publicly-created company.

The separation is expected to occur within the next 18 months.

FedEx says the separation will, “allow for more customized operational execution along with more tailored investment and capital allocation strategies to serve the unique and evolving needs of both the global parcel and LTL markets.”

“This is the right time to pursue a separation as we respond to the unique dynamics of the LTL market,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “This announcement is a testament to the strength of the business our team has built, and to our dedication to doing what’s best for our customers, our team members, and our stockholders. Through this process, we will unlock value for our Freight business and position FedEx to create even greater value for stockholders.”

FedEx maps out these benefits they say …