Separating the Freight: What FedEx's Spinoff Means for Logistics and Beyond FedEx's decision to spin off its less than truckload (LTL) unit has sent shockwaves through the logistics industry.
The Memphis based company's board approval of the separation marks a significant shift in the freight market, with far reaching implications for investors, customers, and the industry as a whole.
The spinoff involves distributing 80. 1% of FedEx Freight's outstanding common stock to shareholders, while retaining a 19. 9% stake in the new company.