FedEx Freight Holding Co. is pursuing new business in sectors including data center infrastructure, grocery and healthcare to chart its future as a newly independent company.

UPS too has been slashing costs: last year it closed 93 buildings and cut 48,000 staff, reducing costs by $3.5bn. Another $3bn is due to be lopped off in 2026. This is partly owing to its extrication from Amazon; it says that by the end of this month it will have cut deliveries for the e-commerce giant by half.

June 25 (Reuters) - FedEx Freight said on Thursday it expects revenue for the seven months to December 31 to rise 4% to 6% and adjusted operating income to grow between 0.8% and 7.5%, weeks after completing its separation from parent FedEx Corp.

The shipper spun off its freight business on June 1.

Q4 earnings beat estimates but shares fell after-hours; see revenue, margins, cost savings, FY26 EPS outlook, and key ETFs—read now.

FedEx Freight's fourth quarter and full fiscal 2026 Segment adjusted operating income and adjusted operating margin are non-GAAP financial measures because they exclude the effects of costs related to the spin-off. No costs related to the spin-off were incurred at the FedEx Freight Segment in fiscal 2025.

The Memphis-based shipper posted strong results for fiscal 2026, even as it prepares to return $800 million in tariff money to customers.

The shipping giant gives investors an insightful view into the economy, and it reports just days after a hawkish turn from the Federal Reserve.

FedEx, in ‌a bid to focus on its delivery business, spun off its trucking ⁠unit, ⁠FedEx Freight, earlier this month. The slimmed-down company is under investor ​scrutiny to bolster profits and reduce costs.