(Corrects Oct 29 story to remove incorrect reference to revenue target being 4%-6% higher than previous year in paragraph 12) Oct 29 (Reuters) - FedEx Freight forecast earnings for the crucial holiday quarter above analysts' estimates on Thursday,

Key TakeawaysFedEx Freight shares jumped 14% after its first standalone report beat profit estimates and raised its outlook. Excluding fuel surcharges, revenue per hundredweight rose just 0.

FedEx Freight shares rose 13.4% after the newly independent carrier reported stronger pricing, higher adjusted operating income and an improved outlook in its first standalone earnings report.

Oct 30 (Reuters) - Shares of FedEx Freight surged 14% in early trading on Friday, with analysts backing the trucking firm's 2027 growth expectations after it forecast fourth-quarter profit above their estimates.

FedEx Freight on Thursday night took a positive step forward in its young journey as a standalone public company. In its first official earnings report since being spun off in June, the less-than-truckload shipping provider delivered a top and bottom line beat and offered encouraging commentary on its self-help improvements.

FedEx Freight paid an approximate $4.1B cash dividend to its former parent before the spin-off. FedEx used the cash, along with the cash on its own balance sheet, to pay down $4.9B of debt. The parent company also retained a 19.9% interest in FDXF instead of liquidating all of the stake.

FedEx Freight offered mixed results in its first earnings report, pointing to transitional bumps as the company learns to stand on its own.

FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business. Shares jumped 8% in after-hours trading, adding $5 billion to FedEx's market capitalization.

FedEx just spun off its freight division and switched to a calendar fiscal year, making Wednesday's earnings the first real look at what the stripped-down parcel business can actually earn. Pilot contract costs and stranded overhead now stand between management's margin promises and Wall Street's patience.

DAYTONA BEACH, Fla. (Sept. 17, 2026) — NASCAR® today announced a landmark long-term partnership with FedEx Freight® that will make the newly independent freight transportation leader the entitlement partner of the NASCAR Truck Series beginning in 2027.

FedEx Freight (NYSE: FDXF) today reported financial results for the four-month transition period ended September 30, 2026.