FedEx Freight on Wednesday hosted its first Investor Day at the New York Stock Exchange. The event comes ahead of its planned spinoff from FedEx Corp. (NYSE:FDX) on June 1, 2026.

The company said the separation remains on track. It still requires final board approval and other customary conditions. The spinoff is expected to be tax-free for U.S. federal income tax purposes. Shares are set to list on the NYSE under the ticker "FDXF."

Clear Strategy for Independent Growth

FedEx Freight outlined its plan to operate as a focused, standalone business. Leadership highlighted its scale as the largest North American less-than-truckload carrier. The company aims to drive growth through efficiency, pricing discipline, and service quality.

"We are pleased to introduce FedEx Freight as an independent public company to the investment community as we move closer to our next chapter," said incoming CEO John Smith. "Built on a culture of safety… FedEx Freight is moving forward from a position of strength and a renewed focus and flexibility to build on our competitive advantages, accelerate our growth trajectory, and unlock our full potential."

The strategy focuses on network optimization, stronger commercial execution, and improved technology systems. The company also plans to use data and automation to boost performance.

Financial Targets and Capital Discipline

FedEx Freight introduced medium-term financial targets. It expects revenue to grow 4% to 6% annually. Adjusted operating income is projected to rise 10% to 12% per year.

Capital spending is expected to stay near 5% of revenue. The company also targets more than $1 billion in free cash flow, with conversion above 90%.

"FedEx Freight is well-positioned to drive profitable growth through greater focus, disciplined capital allocation, and targeted investments," said Brad Martin, incoming chairman.

FDX Price Action: FedEx shares were up 3.38% at $369.06 at the time of publication on Wednesday, according to Benzinga Pro data.

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