FedEx will spin off FedEx Freight as a new, publicly traded company over the next 18 months, it said on Thursday.

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FedEx's decision to spin off its freight truckload segment will strengthen the business while allowing the parcel delivery ...

FedEx aims to create "a seamless transition" for customers as it gears up to spin off its less-than-truckload unit FedEx Freight, President and CEO Raj Subramaniam said on an earnings call Thursday.