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FedEx Freight Spin-Off Slated for June 1 → Market Cap Surpasses UPS for First Time

FedEx named a ten-member board for its planned FedEx Freight independent business unit, with the separation scheduled for June 1, 2026, which analysts expect to unlock shareholder value by allowing the freight unit to operate with greater strategic autonomy. FedEx's market capitalization has surpassed UPS for the first time as UPS shrinks its business by divesting Amazon delivery volume, validating FedEx's network optimization strategy. The stock reached $351.52 on March 17 with 19 analysts rating it Buy and 3 suggesting selling, with Dodge & Cox increasing its stake by 12% to make FedEx its 8th-largest holding.

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