(Reuters) -Delivery giant FedEx said on Monday it has appointed insider John Smith as CEO of its freight trucking spinoff, FedEx Freight. Smith, who is the chief operating officer of the company’s U.S. and Canada business, has been with the company for more than 25 years. The company first announced the separation of its less-than-truckload […]
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FedEx appoints insider John Smith to lead freight spin-off business
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(Reuters) -Delivery giant FedEx said on Monday it has appointed insider John Smith as CEO of its freight trucking spinoff, FedEx Freight.
Smith, who is the chief operating officer of the company’s U.S. and Canada business, has been with the company for more than 25 years.
The company first announced the separation of its less-than-truckload (LTL) business in December 2024 as it restructured to focus on its core business.
The move would allow for more customized operational execution in the global parcel and LTL markets, it said.
The divestiture is expected to be completed by June 2026. Until then, Smith will serve in his current role.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Arun Koyyur)