FedEx Corp. today announced that John Dietrich will step down as executive vice president and chief financial officer on June 1 upon successful completion of the spin-off of FedEx Freight into a new publicly traded company.
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FedEx Corp. has announced that its Board of Directors has concluded a comprehensive assessment of the role of FedEx Freight as part of its portfolio and has decided to pursue a full separation of FedEx Freight through the capital markets, creating a new publicly traded company.
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FedEx Freight, a subsidiary of FedEx Corp., has expanded its FedEx Freight Direct e-commerce solution for returns of big and bulky items (such as outdoor patio furniture, grills, and exercise equipment) from-or through-the-door of residences and businesses.
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FedEx Freight has announced that it opened a new, 218-door facility in Phoenix, Arizona, earlier this summer.
Read MoreFedEx Corp reported a $895m net loss in its fourth quarter as a result of changes made to its pension accounting.
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