FedEx Freight shows solid growth trends in its first post-spinoff earnings report
FedEx Freight reported solid Q4 growth in its first post-spinoff earnings, with revenue up 4.8% to $2.4B and adjusted operating margins at 15.1%. Driven by pricing discipline and fuel benefits, the company expects 4-6% revenue growth next year. CEO John Smith highlighted a strategy focused on profitable growth. Bank of America reiterated a Buy rating with an $187 price target, though shares dipped 0.9% in premarket trading.
