FedEx Freight eyes 2027 growth on renewals and a January rate hike
After a year focused on keeping customers, FedEx Freight is moving into what its CEO calls a "hunting phase."
Early contract renewals and a January rate increase covering about one-third of revenue will lift base yield and shipment growth in 2027, according to FedEx Freight company executives.
FedEx Freight posted its first set of results as a standalone less-than-truckload carrier, reporting a 9.2% revenue increase to $3.3 billion for the four-month transition period ending Sept. 30, 2026.
The period includes June plus the three months ended Sept. 30, reflecting a one-time transition to calendar-year reporting following the company’s June 1 separation from FedEx (CCJ Top 250, No. 1).
Net income came in at $230 million, down from $404 million in the same period last year. Excluding spin-off costs, adjusted net income was $322 million, compared with $426 million a year earlier.
This story was originally published by CCJ. Read the full story at CCJ →
Conversation