FedEx Freight Holding Company, Inc.

FedEx Freight Holding Company, Inc. is a less-than-truckload (LTL) carrier in North America that became an independent public company after its spin-off from FedEx Corporation in 2026. It offers tiered LTL services — Priority, Economy and Direct — that let shippers trade off speed against cost. Its subsidiary FedEx Custom Critical provides expedited, time- and temperature-specific freight solutions, including Surface Expedite and White Glove Services, available 24/7/365. The company operates nearly 30,000 vehicles, including nearly 17,000 tractors, with about 40,000 team members across more than 365 locations. It serves all 50 U.S. states, Canada, Mexico, Puerto Rico and the U.S. Virgin Islands. Revenue is driven by shipment volumes, weight per shipment, base pricing (revenue per hundredweight) and fuel surcharges. The company still relies on Transition Service Agreements with FedEx Corporation while it builds out standalone IT and corporate functions, and it is moving to a calendar-year reporting cycle. Updated Oct 29, 2026