← Research LibraryThe BriefFigures through Q1 FY2027 (quarter ended 30 Sep 2026) · analysis from the FY2026 annual report · headline figures audited against SEC data
North America's largest LTL carrier enters public life with $4.3B of new debt, $492M of separation costs and an operating margin that fell to 6.1%.
The read at a glance✓ Audited against SEC data
- Growth — Revenue -1.1% to $8.79B; daily shipments down 4%Watch
- Profitability — Operating income $540M, margin 15.8% to 6.1%Watch
- Balance sheet — Debt $4,264M from $66M; equity now a $497M deficitWatch
- Accounting quality — Distress-zone score and a manipulation-model flagWatch
- Capital allocation — Free cash flow -$212M; $48M dividend paid to FedExNote
- Yield — Revenue per shipment +4% to $386.63OK
Insiders, last 12 months: 0 open-market purchases, 0 sales. Computed from the filings; the analysis is from the FY2026 annual report.
Business
FedEx Freight calls itself the largest less-than-truckload carrier in North America: about 355 shipping terminals, more than 26,000 service center doors and roughly 40,000 employees moving shipments too small to fill a truck. It sells a fast Priority service and a cheaper Economy service. FedEx spun it off on June 1, 2026, keeping 19.9% of the shares.
Where the revenue comes from
Fiscal 2026, as FedEx Freight Holding Company, Inc. reports it. History and quarterly detail are in the app.
- Priority$5.6B
- Economy$2.8B
- Other$408.0M
Leadership changes
From FedEx Freight Holding Company, Inc.'s own filings, the day they're filed.
- Guy M. Erwin II · Corporate Vice President - Chief Accounting Officer of FedEx Corporation · departureeff. 2026-05-31
- John P. Sauerland · Board · appointmenteff. 2026-05-27
- Guy M. Erwin II · Senior Vice President - Chief Accounting Officer of FedEx Freight Holding Company, Inc. · appointmenteff. 2026-05-14
Latest filings
- 10-Q · Quarterly report2026-10-29
- 8-K · Company announcement2026-10-29
- 8-K · Company announcement2026-10-02
- 8-K · Company announcement2026-09-02
- 8-K · Company announcement2026-08-06
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about FedEx Freight Holding Company, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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