FedEx Corp. (NYSE:FDX, "FedEx")) today announced that its Board of Directors (the "FedEx Board") has approved the previously announced separation of the FedEx Freight business. The FedEx Board declared a pro rata dividend of 80.1% of the outstanding shares of common stock of FedEx Freight Holding Company, Inc. ("FedEx Freight") to FedEx's stockholders of record as of the close of business on May 15, 2026 (the "Record Date") to achieve the separation.

Following the separation, FedEx Freight common stock will begin trading on the New York Stock Exchange (the "NYSE") on June 1, 2026 under the symbol "FDXF."