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FRGT News6 articles
FedEx Freight Debuts as Independent LTL Carrier on NYSE
FedEx Freight started trading on the NYSE as FDXF after its spin-off from FedEx, with $8.9 billion in fiscal 2025 revenue. The company targets 4-6% annual growth but faces execution risks.
American Airlines Dropped from Dow Transports; FedEx Freight to Join
American Airlines will exit the Dow Jones Transportation Average on June 1, replaced by FedEx Freight. CEO Robert Isom maintains a reduced profit outlook for 2026 amid rising fuel expenses.
FedEx Freight Boosts Driver Training Ahead of Spinoff
FedEx Freight donated two tractors and two trailers to North Arkansas College, restarting its CDL program after an 18-month pause, just days before its spinoff as FDXF.
Brazil Freight Fines Pressure Ambev Amid Rising Cost Outlook
Ambev's U.S.-listed shares fell after Brazil imposed fines for minimum freight-price violations, reviving concerns over logistics costs. The brewer forecasts Brazil beer production costs to increase 4.5%-7.5% in 2026.
Algorhythm's AI Freight Claims Spark Market Turmoil, Trucking Stocks Tumble
Algorhythm Holdings shares jumped 16.7% in premarket trading following a 30% surge Thursday, as its AI freight efficiency claims triggered a selloff in trucking and logistics stocks.
Yangzijiang Shares Gain on Renewed Shipbuilding Orders Amid Mixed Freight Signals
Yangzijiang Shipbuilding shares advanced 3.4% as Maersk's new vessel order signaled potential demand recovery, while investors monitor freight rate pressures and import data.