Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTEric KulischFri, June 26, 2026 at 12:19 AM GMT+2 4 min read(UPDATED June 26, 2026, 9 a.m. ET)FedEx Freight got off to an inauspicious start on Thursday reporting its first earnings report as an independent company since being spun off from FedEx Corp. on June 1 when a technical glitch prevented some investors from logging into a webcast with analysts.The less-than-truckload carrier said revenue increased 4.8% to $2.4 billion in the fiscal fourth quarter ended May 31 thanks to higher fuel surcharges and weight per shipment, beating expectations. The numbers were not new because they were included in FedEx's earnings numbers on Tuesday.New information came in the guidance. For the remaining seven months of the year FedEx Freight (NYSE: FDXF) is expected adjusted earnings per share of $2.40 to $2.60, excluding any spin off costs. It also forecasts 4% to 6% revenue growth compared to the same period last year and an operating margin of 9% to 9.5%, up from 7.8% growth in 2025. Management said it expects recent quarter volume declines to begin reversing as the year progresses and turn positive heading into 2027.Adjusted fourth-quarter operating income decreased 24% year over year to $363 million, with an operating margin of 15%. Results were impacted by separation costs, lower shipments, a $33 million gain from the sale of a terminal during the prior year and increased wage rates. Average daily shipments fell 5.9% to 86,700. Weight per shipment was 948 pounds, up 3%. Revenue per shipment of $415.22 represented an 11.5% increase.FedEx Freight is the largest LTL company in the United States with a 17% market share, 355 service centers and about 30,000 vehicles. About two-thirds of its revenue comes from manufacturing, where growth has accelerated during the past five months. It has a dedicated sales force of more than 500 representatives."For the first time in years, our sales teams are back in our service centers, working side by side with operations to support customers where they are located. This level of integration is driving more direct engagement in the field with sales team members partnering closely with our drivers, even joining them on delivery routes and meeting customers face-to-face," CEO John Smith said on an earnings call with analysts.The company has successfully separated IT systems from FedEx Corp. and is now able to offer more fully optimized LTL solutions for customers, including a new automated freight pricing system, than when resources and planning were shared across the parcel business, he added. The company incurred about $80 million in separation costs.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info