FedEx Freight Q3 2026 slides: volumes stabilize, margins expand post-spin

FedEx Freight reported its first earnings as an independent company on October 29, 2026, showcasing operational momentum and financial discipline during its transition period. The company reported $3.3 billion in revenue, up 9% year-over-year, and adjusted operating income rose 16% to $510 million. Shares climbed 3.5% in after-hours trading to $113.52 following the presentation.

FedEx Freight achieved approximately 98% pickup reliability and on-time service, while reducing its claims ratio to a record low of 0.43%. Revenue per shipment including fuel surcharges rose 10.1% to $413, driven by higher fuel prices, improved weight per shipment, and modest base yield gains. The company emphasized progress in technology and commercial initiatives, with strategic alliances to enhance artificial intelligence and productivity capabilities.

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