FedEx Corporation’s (FDX) long-awaited breakup is officially here, and Wall Street is paying close attention. On June 1, FedEx Freight Holding Company begins trading independently under the ticker FDXF while simultaneously entering the S&P 500 Index ($SPX), an unusually fast-track inclusion that immediately puts the new trucking giant on the radar of institutional investors and index funds.
The spin-off gives investors direct exposure to one of North America’s largest less-than-truckload (LTL) freight operators at a time when freight pricing conditions are beginning to improve after a prolonged downturn.
