FDXF on NYSE
FedEx Freight
American less-than-truckload freight company based in Memphis, founded in 20011
In its 2026 annual report the company says: “We also offer freight delivery service to most points in Puerto Rico and the U.S. Virgin Islands. Our robust network established through almost 60 years of operations and consisting of more than 26,000 service center doors strategically positioned in high-demand regions provides critical services that facilitate the transport of goods in North America and powers the supply chains of our customers.”9 Its shares trade on NYSE under the symbol FDXF.1
$107.71 down 1.83 (1.67%)Price as of Oct 21, 2026 at 18:59 UTC
Last updated Oct 21, 2026.
Overview
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- TickerFDXF on NYSE1
- Industryless-than-truckload1
- HeadquartersMemphis1
- Websitefedexfreight.com
- Incorporated inDE6
- Business address8525 Tournament Drive, Memphis, Tn 381256
- Filer categoryNon-accelerated filer6
- Legal formCorporation3
- LEI984500Y1DA5A58ICE3363
- StatusActive3
- LEI statusIssued and current3
- Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 102583313
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Headquartered in Memphis, Tennessee, FedEx Freight is the largest North American less-than-truckload (“LTL”) freight carrier, with industry-leading transit times and service levels, offering choice, simplicity, and reliability to meet the needs of LTL shippers while operating ethically with a commitment to “Safety Above All.” As of June 1, 2026, we had approximately 40,000 employees, over 365 locations, including approximately 355 shipping terminals (over 320 of which are in the United States) and approximately 10 linehaul relay sites, and nearly 30,000 motorized vehicles, of which nearly 17,000 are tractors, across all 50 U.S. states, Canada, and Mexico. We also offer freight delivery service to most points in Puerto Rico and the U.S. Virgin Islands. Our robust network established through almost 60 years of operations and consisting of more than 26,000 service center doors strategically…9 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Priority brought in 63% of the revenue FedEx Freight broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Priority | $6.0B | $5.6B | $5.6B |
| Economy | $3.0B | $2.9B | $2.8B |
| Other | $433.0M | $417.0M | $408.0M |
Regions
United States brought in 97% of the revenue FedEx Freight broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $9.2B | $8.6B | $8.6B |
| Outside the United States | $266.0M | $247.0M | $243.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Other costs90¢$7.9B
- Income tax3¢$229.0M
- Profit7¢$655.0M
Out of $8.8B in revenue.5
Where each dollar of operating cash went, fiscal 2026
- Dividends paid29¢$48.0M
- Kept or used elsewhere71¢$119.0M
Out of $167.0M of cash from operations.5
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2026-05-31 | 2025-05-31 | 2024-05-31 |
|---|---|---|---|
| Revenue | $8.8B | $8.9B | $9.4B |
| Salaries and employee benefits | $4.3B | $4.2B | $4.2B |
| Purchased transportation | $807.0M | $807.0M | $873.0M |
| Rentals | $308.0M | $295.0M | $287.0M |
| Depreciation and amortization | $512.0M | $471.0M | $455.0M |
| Fuel | $486.0M | $457.0M | $571.0M |
| Maintenance and repairs | $343.0M | $362.0M | $358.0M |
| Separation and other costs | $492.0M | $0 | $0 |
| Other | $1.0B | $939.0M | $950.0M |
| Total operating expenses | $8.3B | $7.5B | $7.7B |
| Operating income | $540.0M | $1.4B | $1.8B |
| Interest expense | -$57.0M | $0 | $0 |
| Other, net | $9.0M | $10.0M | -$4.0M |
| Total other income | $344.0M | $398.0M | $326.0M |
| Total income before income taxes | $884.0M | $1.8B | $2.1B |
| Provision for income taxes | $229.0M | $456.0M | $505.0M |
| Net income | $655.0M | $1.3B | $1.6B |
| Basic (in dollar per share) | $4.38 | $9.00 | $10.53 |
| Diluted (in dollar per share) | $4.38 | $9.00 | $10.53 |
| Basic (in shares) | 149.5M shares | 149.5M shares | 149.5M shares |
| Diluted (in shares) | 149.5M shares | 149.5M shares | 149.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 |
|---|---|---|---|---|
| Cash | $251.0M | $109.0M | ||
| Receivables, less allowances of $204 and $14 | $1.2B | $132.0M | ||
| Due from Parent | $18.0M | $0 | ||
| Prepaid expenses and other | $83.0M | $43.0M | ||
| Total current assets | $1.5B | $284.0M | ||
| Vehicles and trailers | $3.9B | $4.0B | ||
| Facilities and other | $1.7B | $1.5B | ||
| Ground support and dock equipment | $628.0M | $621.0M | ||
| Information technology | $520.0M | $397.0M | ||
| Total property and equipment, at cost | $6.7B | $6.5B | ||
| Less accumulated depreciation and amortization | $3.7B | $3.7B | ||
| Net property and equipment | $2.9B | $2.8B | ||
| Operating lease right-of-use assets, net | $1.8B | $1.4B | ||
| Goodwill | $602.0M | $602.0M | $602.0M | |
| Other assets | $29.0M | $4.0M | ||
| Total other long-term assets | $2.5B | $2.0B | ||
| TOTAL ASSETS | $6.9B | $5.0B | ||
| Current portion of long-term debt | $43.0M | $7.0M | ||
| Accrued salaries and employee benefits | $389.0M | $227.0M | ||
| Accounts payable | $106.0M | $150.0M | ||
| Due to Parent, net | $0 | $5.0M | ||
| Operating lease liabilities | $172.0M | $172.0M | ||
| Accrued expenses | $283.0M | $212.0M | ||
| Total current liabilities | $993.0M | $773.0M | ||
| Long-term debt, less current portion | $4.5B | $66.0M | ||
| Deferred income taxes | $220.0M | $235.0M | ||
| Self-insurance accruals | $13.0M | $315.0M | ||
| Operating lease liabilities | $1.7B | $1.2B | ||
| Other liabilities | $5.0M | $52.0M | ||
| Total long-term liabilities | $6.4B | $1.9B | ||
| Common stock, $0.10 par value; 149,505,248 shares authorized, issued, and outstanding as of May 31, 2026 | $15.0M | $0 | ||
| Additional paid-in capital | $0 | $0 | ||
| (Accumulated deficit) Retained earnings | -$509.0M | $2.4B | ||
| Accumulated other comprehensive loss | -$3.0M | -$7.0M | ||
| Total (deficit) equity | -$497.0M | $2.4B | $2.1B | $1.7B |
| TOTAL LIABILITIES AND (DEFICIT) EQUITY | $6.9B | $5.0B | ||
| Receivables, allowance | $204.0M | $14.0M | ||
| Common stock, par value (in dollars per share) | $0.10 | |||
| Common stock, shares authorized (in shares) | 149.5M shares | |||
| Common stock, shares issued (in shares) | 149.5M shares | |||
| Common stock, shares outstanding (in shares) | 149.5M shares |
| Period ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 |
|---|---|---|---|---|
| Cash | $251.0M | $109.0M | ||
| Receivables, less allowances of $204 and $14 | $1.2B | $132.0M | ||
| Due from Parent | $18.0M | $0 | ||
| Prepaid expenses and other | $83.0M | $43.0M | ||
| Total current assets | $1.5B | $284.0M | ||
| Vehicles and trailers | $3.9B | $4.0B | ||
| Facilities and other | $1.7B | $1.5B | ||
| Ground support and dock equipment | $628.0M | $621.0M | ||
| Information technology | $520.0M | $397.0M | ||
| Total property and equipment, at cost | $6.7B | $6.5B | ||
| Less accumulated depreciation and amortization | $3.7B | $3.7B | ||
| Net property and equipment | $2.9B | $2.8B | ||
| Operating lease right-of-use assets, net | $1.8B | $1.4B | ||
| Goodwill | $602.0M | $602.0M | $602.0M | |
| Other assets | $29.0M | $4.0M | ||
| Total other long-term assets | $2.5B | $2.0B | ||
| TOTAL ASSETS | $6.9B | $5.0B | ||
| Current portion of long-term debt | $43.0M | $7.0M | ||
| Accrued salaries and employee benefits | $389.0M | $227.0M | ||
| Accounts payable | $106.0M | $150.0M | ||
| Due to Parent, net | $0 | $5.0M | ||
| Operating lease liabilities | $172.0M | $172.0M | ||
| Accrued expenses | $283.0M | $212.0M | ||
| Total current liabilities | $993.0M | $773.0M | ||
| Long-term debt, less current portion | $4.5B | $66.0M | ||
| Deferred income taxes | $220.0M | $235.0M | ||
| Self-insurance accruals | $13.0M | $315.0M | ||
| Operating lease liabilities | $1.7B | $1.2B | ||
| Other liabilities | $5.0M | $52.0M | ||
| Total long-term liabilities | $6.4B | $1.9B | ||
| Common stock, $0.10 par value; 149,505,248 shares authorized, issued, and outstanding as of May 31, 2026 | $15.0M | $0 | ||
| Additional paid-in capital | $0 | $0 | ||
| (Accumulated deficit) Retained earnings | -$509.0M | $2.4B | ||
| Accumulated other comprehensive loss | -$3.0M | -$7.0M | ||
| Total (deficit) equity | -$497.0M | $2.4B | $2.1B | $1.7B |
| TOTAL LIABILITIES AND (DEFICIT) EQUITY | $6.9B | $5.0B | ||
| Receivables, allowance | $204.0M | $14.0M | ||
| Common stock, par value (in dollars per share) | $0.10 | |||
| Common stock, shares authorized (in shares) | 149.5M shares | |||
| Common stock, shares issued (in shares) | 149.5M shares | |||
| Common stock, shares outstanding (in shares) | 149.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2026-05-31 | 2025-05-31 | 2024-05-31 |
|---|---|---|---|
| Net income | $655.0M | $1.3B | $1.6B |
| Depreciation and amortization | $449.0M | $416.0M | $404.0M |
| Provision for uncollectible accounts | $91.0M | $19.0M | $11.0M |
| Other noncash items including leases and deferred income taxes | $237.0M | $228.0M | $157.0M |
| Stock-based compensation | $13.0M | $10.0M | $12.0M |
| Separation and other costs, net of payments | $135.0M | $0 | $0 |
| Receivables | -$1.2B | $0 | -$9.0M |
| Other current assets | -$39.0M | $16.0M | $22.0M |
| Accounts payable and other liabilities | -$169.0M | -$255.0M | -$233.0M |
| Due to Parent, net | -$32.0M | -$255.0M | -$397.0M |
| Other, net | -$20.0M | $6.0M | $0 |
| Cash provided by operating activities | $167.0M | $1.5B | $1.5B |
| Capital expenditures | -$379.0M | -$437.0M | -$461.0M |
| Proceeds from asset dispositions and other | $16.0M | $52.0M | $58.0M |
| Cash used in investing activities | -$363.0M | -$385.0M | -$403.0M |
| Principal payments on debt | -$26.0M | -$63.0M | -$1.0M |
| Proceeds from debt issuances | $4.3B | $0 | $0 |
| Net transfers to Parent | -$3.9B | -$1.1B | -$1.1B |
| Cash provided by (used in) financing activities | $335.0M | -$1.1B | -$1.1B |
| Effect of exchange rate changes on cash | $3.0M | -$3.0M | $1.0M |
| Net increase in cash | $142.0M | $3.0M | $13.0M |
No quarter-by-quarter statement was filed.
Corporate structure
FedEx Freight is part of a group headed by FedEx. 99 entities, 34 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of FedEx Freight
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on FedEx Freight, latest Jul 31, 2026
- BlackRock Filed SCHEDULE 13G on FedEx Freight, latest Jul 28, 2026
- FedEx Memphis, Tennessee, United States
- FedEx Freight Memphis, Tennessee, United States
- American Freightways, Inc. Subsidiary · Arkansas, United States
- FDXF Holding Corporation Subsidiary · Delaware, United States
- FedEx Freight de Mexico, S. de R.L. de C.V. Subsidiary · Mexico
- Razorback Servicios de Mexico, S. de R.L. de C.V. Subsidiary · Mexico
- Viking de Mexico, S.A. de C.V. Subsidiary · Mexico
- FedEx Express Subsidiary · Memphis
- Fedex Express Sverige Subsidiary · Upplands Väsby Municipality, Sweden
- FedEx Ground Subsidiary · Moon Township
- FedEx Office Subsidiary · Dallas
- TNT Express Subsidiary · Hoofddorp
- Controlled Opportunity and Risk Insurance Company Subsidiary · Tennessee, United States
- FCJI, Inc. Subsidiary · Ohio, United States
- Federal Express (China) Company Limited Subsidiary · China
- FEDERAL EXPRESS (HONG KONG) LIMITED Subsidiary · Hong Kong, Hong Kong
- Federal Express (Singapore) Pte. Ltd. Subsidiary · Singapore
- Federal Express Canada Corporation Subsidiary · Nova Scotia, Canada
- Federal Express Corporation Subsidiary · Delaware, United States
- Federal Express Europe, Inc. Subsidiary · Delaware, United States
- Federal Express Holding US 3, LLC Subsidiary · Delaware, United States
- Federal Express Holding US 7, LLC Subsidiary · Delaware, United States
- Federal Express Holding US 8, LLC Subsidiary · Delaware, United States
- Federal Express Holdings (Mexico) y Compania S.N.C. de C.V. Subsidiary · Mexico
- Federal Express Holdings S.A., LLC Subsidiary · Delaware, United States
- Federal Express International, Inc. Subsidiary · Delaware, United States
- Federal Express Japan G.K. Subsidiary · Japan
- Federal Express Leasing Corporation Subsidiary · Delaware, United States
- Federal Express Pacific, LLC Subsidiary · Delaware, United States
- Federal Express Services (M) Sdn. Bhd. Subsidiary · Malaysia
- FedEx Acquisition B.V. Subsidiary · Netherlands
- and 66 more
- FedEx Freight Memphis, Tennessee, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What FedEx Freight reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finance-lease assets | $258.0M5 May 31, 2026 | $44.0M5 May 31, 2025 | +486.4% |
| Operating-lease assets (leased space) | $1.8B5 May 31, 2026 | $1.4B5 May 31, 2025 | +34.9% |
Intangibles and goodwill
Properties, in its own words
FedEx Freight’s corporate headquarters are located in Memphis, Tennessee, with some administrative offices in Harrison, Arkansas. As of June 1, 2026, FedEx Freight operated nearly 30,000 motorized vehicles and over 365 locations (of which approximately 115 are owned and approximately 250 are leased), including approximately 355 shipping terminals (over 320 of which are in the United States) and approximately 10 linehaul relay sites, which are strategically located to provide service throughout North America. These facilities range in size from approximately 2,000 to 280,000 square feet of office and dock space.
FedEx Freight has focused on optimizing its network footprint while maintaining strong door count and improving lane efficiency. As of June 1, 2026, we remain the LTL industry leader with over 26,000 doors across our network. We believe this design allows us to operate at high capacity while maintaining the flexibility to accommodate new business, promoting service quality as customer needs evolve.
Item 2 of the 10-K filed Aug 5, 2026.9
Leadership
Who has led FedEx Freight, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- PresidentClement E. Klank Iii. May 11, 2026 to now10
- Chief financial officerMarshall Witt Jun 2, 2026 to now11
- Chief operating officerClinton D. McCoy Jun 2, 2026 to now12
Board members and other officers (13)
- SVP-Chief Accounting OfficerGuy M. Erwin Ii. Jun 2, 2026 to now13
- EVP, Chief Commercial OfficerMichael B. Lyons Jun 2, 2026 to now14
- EVP - Chief Technology OfficerMichael Rodgers Jun 2, 2026 to now15
- EVP - CHRLOClement E. Klank Iii. Jun 3, 2026 to now16
- Board memberClement E. Klank Iii. May 11, 2026 to now10
- Board memberJohn P. Sauerland May 27, 2026 to now17
- Board memberAmy J. Salcido Jun 2, 2026 to now18
- Board memberBrad Martin Jun 2, 2026 to now19
- Board memberCindy J. Miller Jun 2, 2026 to now20
- Board memberDonald Frieson Jun 2, 2026 to now21
- Board memberJeffrey A. Davis Jun 2, 2026 to now22
- Board memberRobert A. King Jun 2, 2026 to now23
- Board memberSteve Gorman Jun 2, 2026 to now24
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- American Freightways, Inc. Arkansas7
- FDXF Holding Corporation Delaware7
- FedEx Custom Critical, Inc. Ohio7
- FedEx Freight Canada, Corp. Nova Scotia7
- FedEx Freight de Mexico, S. de R.L. de C.V. Mexico7
- FedEx Freight, Inc. Arkansas7
- Razorback Servicios de Mexico, S. de R.L. de C.V. Mexico7
- Viking de Mexico, S.A. de C.V. Mexico7
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 2, 20268-K Director nominations; Other events25
- Sep 2, 20268-K Other events26
- Aug 6, 20268-K Results of operations27
- Jun 26, 20268-K Executive or director change28
- Jun 25, 20268-K Results of operations29
- Jun 1, 2026Went public Listed on NYSE1
- Jun 1, 20268-K Entered a material agreement; New debt or obligation; Change to shareholders' rights30
- May 18, 20268-K Executive or director change31
- May 13, 20268-K Other events32
- 2001Founded Founded1
Calendar
Coming up
- Oct 29, 2026 · After the closeReports results for the quarter ending Sep/202633
When it reported results
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
71 filings to the SEC since October 2021: 1 annual reports, 8 major events, 51 insider forms, 3 large holders, 8 other. The latest 20:
- Oct 2, 20268-K EDGAR
- Sep 2, 20268-K EDGAR
- Aug 11, 20264 EDGAR
- Aug 7, 2026SCHEDULE 13G EDGAR
- Aug 6, 20268-K EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264/A EDGAR
- Aug 5, 20264/A EDGAR
- Aug 5, 20264/A EDGAR
- Aug 5, 202610-K EDGAR
- Jul 31, 2026SCHEDULE 13G EDGAR
- Jul 28, 2026SCHEDULE 13G EDGAR
- Jul 16, 20264/A EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
The 71 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 9,078,495 | $1.4B | 0.0% | New |
| Dodge & Cox | 7,182,771 | $1.1B | 0.6% | New |
| Vanguard Capital Management LLC | 7,059,822 | $1.1B | 0.0% | New |
| Vanguard Portfolio Management LLC | 4,856,936 | $733.4M | 0.0% | New |
| Primecap Management Co/ca/ | 4,048,660 | $611.3M | 0.4% | New |
| Invesco Ltd. | 3,470,101 | $524.0M | 0.0% | New |
| Franklin Resources Inc | 2,941,682 | $444.2M | 0.1% | New |
| Geode Capital Management, LLC | 2,897,674 | $435.8M | 0.0% | New |
| Viking Global Investors LP | 2,366,634 | $357.4M | 1.0% | New |
| Slate Path Capital LP | 2,247,200 | $339.3M | 4.7% | New |
| Morgan Stanley | 1,454,800 | $219.7M | 0.0% | New |
| Norges Bank | 1,342,980 | $202.8M | 0.0% | New |
| Fmr LLC | 1,330,220 | $200.9M | 0.0% | New |
| Jpmorgan Chase & Co | 1,333,133 | $199.6M | 0.0% | New |
| Dimensional Fund Advisors LP | 1,304,710 | $197.0M | 0.0% | New |
| Point72 Asset Management, L.P. | 1,199,248 | $181.1M | 0.3% | New |
| Gates Foundation Trust | 1,192,181 | $180.0M | 0.5% | New |
| Aqr Capital Management LLC | 1,024,555 | $154.7M | 0.1% | New |
| Bank Of America Corp /de/ | 983,572 | $148.5M | 0.0% | New |
| Northern Trust Corp | 971,211 | $146.7M | 0.0% | New |
| Mizuho Markets Americas LLC | 907,712 | $137.1M | 2.5% | New |
| UBS Group AG | 858,973 | $129.7M | 0.0% | New |
| Charles Schwab Investment Management Inc | 835,247 | $126.1M | 0.0% | New |
| Nomura Holdings Inc | 810,916 | $122.4M | 0.5% | New |
| Goldman Sachs Group Inc | 774,105 | $116.9M | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How FedEx Freight is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFedEx Freight Holding Company, Inc.2
- CIK0002082247
- Employer ID (EIN)39-35601719
- Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company9
- Incorporated inDelaware9
- Fiscal year endsMay 312
- Industry code (SIC)4513 Air Courier Services2
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
- Business address8525 Tournament Drive, Memphis, TN 381252
- Phone901-818-71672
- Shares outstanding149,518,133 shares as of Aug 3, 20269
- Public float$0 as of Nov 30, 20255
- AuditorErnst & Young LLP, Memphis, Tennessee PCAOB ID 42; no auditor attestation of internal control over financial reporting9
- On EDGAR sinceAug 29, 20252
- Filings71 in all: 4 (30), 3 (17), 8-K (8), 4/A (4), SCHEDULE 13G (3), DRS/A (2), 10-12B (1), 10-12B/A (1)2
All 13 form types
10-K (1), CERT (1), DRS (1), S-8 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Aug 5, 2026
Latest 8-K (8-K) Oct 2, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.10 per share | FDXF | New York Stock Exchange |
From the cover page of the 10-K filed Aug 5, 2026 (Section 12(b) of the Exchange Act).9
Risk factors and legal proceedings
The risks FedEx Freight names in Item 1A of its 10-K filed Aug 5, 2026: 33 risks under these headings, as written.9
- Risks Relating to Our Business and Industry
- Risks Relating to the Spin-Off
- Risks Relating to Our Common Stock
- General Risk Factors
- Risks Relating to Macroeconomic and Geopolitical Conditions
- We are directly affected by the state of the global economy and geopolitical developments, which has affected the demand for our services and could materially adversely affect our business.
- Additional changes in international relations and trade policies, including with respect to tariffs, could significantly reduce the volume of goods transported and increase our costs, which could materially adversely affect our results of operations and financial condition.
- Our business and results of operations are affected by the price and availability of fuel, as well as our ability to collect fuel surcharges.
- Risks Relating to Operations and Strategies
- Failure to successfully implement our business strategy and effectively respond to changes in market dynamics and customer preferences could materially adversely affect our business, results of operations, and financial condition.
- Adverse publicity relating to our own activities or FedEx’s activities could materially adversely affect our reputation and reduce the value of our goodwill and brand.
- We are self-insured for certain costs associated with our operations, and insurance and claims expenses may increase, which could materially adversely affect our profitability and financial condition.
The other 27 risks
- We may not be able to achieve our medium-term financial performance targets.
- Failure of third-party service providers to perform as expected, or disruptions in our relationships with those third parties or their provision of services to us, could materially adversely affect our business.
- We operate in a rapidly evolving and highly competitive industry and we may be affected by downward pricing pressures and other competitive factors, along with a decrease in our customers’ use of our services, which could materially adversely affect our results of operations and financial condition.
- Risks Relating to Regulatory and Legal Matters
- We have been and may be subject to new and revised regulations related to the transportation industry, which could increase our compliance costs and materially adversely affect our business.
- We are subject to legal proceedings and claims, litigation, governmental inquiries, notices, and investigations, which could result in significant expense and materially adversely affect our business, results of operations, and financial condition.
- The FMCSA’s Compliance, Safety, Accountability initiative could adversely affect our ability to hire qualified drivers, meet our growth projections, and maintain our customer relationships, any of which could materially adversely affect our business and results of operations.
- Risks Relating to Employee Matters and Human Resource Management
- Labor-related disruptions and potential changes in labor laws could disrupt our operations and materially adversely affect our business and results of operations.
- Our failure to attract and retain employee talent, meet our purchased transportation needs, or maintain our company culture, as well as increases in labor and purchased transportation costs, could materially adversely affect our business, service levels, and results of operations.
- We may experience an increase in costs, the volatility of costs and funding requirements, and new legal mandates for employee benefits, especially pension and healthcare benefits, which could materially adversely affect our results of operations.
- Risks Relating to Technology, Data, and Intellectual Property
- We may fail to adapt to and implement new technologies, including technologies implemented by our competitors, which could impair our competitive position and materially adversely affect our business and results of operations.
- A significant data breach or other disruption to our technology infrastructure could materially adversely affect our business and result in the loss of critical, sensitive, or confidential information.
- We do not own the FedEx trademark or logo or associated purple and orange trade dress and certain intellectual property retained by FedEx, the protection of which is largely out of our control, and any elimination of our rights to use specified trademarks and intellectual property granted to us under the Trademark License Agreement and the Intellectual Property Cross-License Agreement could materially adversely affect our reputation, business, and results of operations.
- Risks Relating to the Environment, Climate, and Weather and Other Disasters
- We may be affected by global climate change or by legal, regulatory, or market scrutiny and changes with respect to sustainability and environmental matters, which could increase our costs and materially adversely affect our business and results of operations.
- We have in the past and may in the future be affected by harsh weather conditions and other disasters (including terrorist activities), and we may not be able to quickly and effectively restore operations following adverse weather or a localized disaster or disturbance, which could materially adversely affect our business and results of operations.
- If there is a determination that the Spin-Off, together with certain related transactions, was taxable for U.S. federal income tax purposes, then FedEx and its stockholders could incur significant U.S. federal income tax liabilities, and we could also incur significant liabilities.
- We have agreed to numerous restrictions to preserve the non-recognition tax treatment of the Spin-Off and certain related transactions, which may reduce our strategic and operating flexibility.
- The non-recurring and recurring costs of the Spin-Off, including those related to FedEx’s provision of transition services, may be greater than we expected and continue to be incurred for longer than we expect.
- We may be unable to achieve some or all of the anticipated benefits of the Spin-Off, or those benefits may be delayed.
- The terms we received in our agreements with FedEx in connection with the Spin-Off could be less beneficial than the terms we may have otherwise received from unaffiliated third parties.
- We could experience temporary business interruptions, and we may not be adequately prepared to meet the requirements of an independent, publicly traded company on a timely or cost-effective basis.
- As an independent, publicly traded company, we may not enjoy the same benefits that we did as a part of FedEx.
- We have limited operating history as an independent, publicly traded company, and our historical audited consolidated financial information is not necessarily representative of the results we would have achieved as an independent, publicly traded company and may not be a reliable indicator of our future results.
- Certain of our directors and employees may have actual or potential conflicts of interest because of their financial interests in FedEx or because of their previous or continuing positions with FedEx.
- In connection with the Spin-Off, FedEx agreed to indemnify us, and we agreed to assume and indemnify FedEx, for certain liabilities.
- In connection with the Spin-Off, we incurred significant debt obligations that could limit our financial and operating flexibility.
- Substantial sales of our common stock may occur following the Spin-Off, which could cause our stock price to decline or be volatile.
- Provisions of Delaware law, our certificate of incorporation, and our bylaws, particularly the provisions that will remain in place until the fifth annual meeting of our stockholders following the Spin-Off, may prevent or delay an acquisition of FedEx Freight, which could decrease the market price of our common stock.
Legal proceedings
FedEx Freight and its subsidiaries are subject to legal proceedings and claims that arise in the ordinary course of business. See Note 13, Contingencies, of the accompanying consolidated financial statements, which is incorporated herein by reference, for additional information.
The opening of Item 3, Legal Proceedings.9
Links
- Websitefedexfreight.com1
- WikidataQ140041598
- SEC EDGARCIK 2082247
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataFedEx Freight on Wikidata
- 2SEC EDGARFedEx Freight filings on SEC EDGAR
- 3
- 4Yahoo FinanceFDXF quote
- 5SEC EDGARFedEx Freight 10-K for fiscal 2026
- 6SEC EDGARFedEx Freight filings on SEC EDGAR
- 7
- 8Company websiteFedEx Freight photo
- 9
- 10SEC EDGARClement E. Klank Iii., President
- 11
- 12
- 13
- 14
- 15
- 16SEC EDGARClement E. Klank Iii., EVP - CHRLO
- 17SEC EDGARJohn P. Sauerland, Board member
- 18SEC EDGARAmy J. Salcido, Board member
- 19SEC EDGARBrad Martin, Board member
- 20SEC EDGARCindy J. Miller, Board member
- 21SEC EDGARDonald Frieson, Board member
- 22SEC EDGARJeffrey A. Davis, Board member
- 23SEC EDGARRobert A. King, Board member
- 24SEC EDGARSteve Gorman, Board member
- 25SEC EDGARDirector nominations; Other events
- 26SEC EDGAROther events
- 27SEC EDGARResults of operations
- 28SEC EDGARExecutive or director change
- 29SEC EDGARResults of operations
- 30
- 31SEC EDGARExecutive or director change
- 32SEC EDGAROther events
- 33NasdaqNasdaq calendar
- 34SEC EDGARFedEx SCHEDULE 13G on FedEx Freight
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- 36