FedEx Freight

FedEx Freight has appointed Michael Rodgers, effective immediately, as executive vice president and chief commercial and technology officer. Rodgers will remain head of the technology organization and will additionally take on sales, customer experience, marketing and communications; he had been CTO since June 2025. Tom Connolly remains vice president of sales and will continue to lead the sales team. » More on de.investing.com

The Bill and Melinda Gates Foundation Trust purchased about 1.19 million shares of FedEx Freight for roughly $180 million, opening the position within weeks of the unit's June 1, 2026 spinoff. FedEx Freight is North America's largest less‑than‑truckload carrier with extensive assets and a nationwide network. Goldman Sachs initiated coverage with a Buy and $186 target, projecting mid-single‑digit revenue growth and margin improvements as the standalone company pursues pricing, sector exposure and productivity gains. » More on finance.yahoo.com

Diamond Hill Capital's Q2 2026 Large Cap Strategy added FedEx Freight Holding Company following the FedEx spin-off, highlighting the company's position as the largest LTL carrier by revenue and the potential to improve margins through focused operational execution. The firm notes the LTL industry's concentration and favorable demand trends, and expects FedEx Freight to benefit as a standalone operator despite current margin gaps versus peers. The article also reports recent market data: share price closed at $140.53 on July 31, 2026, one‑month return -7.96%, market cap roughly $20.9 billion and a 52‑week range of $135.00–$200.00. » More on finance.yahoo.com