Every 8-K that FedEx Freight Holding Company, Inc. (FDXF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FDXF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FDXF filings page.
FedEx Freight Holding Company, Inc. (FDXF) reported that on September 2, 2026 it terminated Michael B. Lyons from his role as Executive Vice President – Chief Specialized Services and Commercial Officer after an internal investigation and a conclusion that he no longer met its employment standards.
The company stated that his conduct was not related to or impacting its financial reporting or performance, internal controls, strategy, or customer relationships. His prior responsibilities are being handled by other members of the executive leadership team while a comprehensive search for a permanent replacement is conducted.
FedEx Freight Holding Company, Inc., recently spun off from FedEx Corporation on June 1, 2026, changed its fiscal year-end from May 31 to December 31 and revised the presentation of certain income statement line items. Historical costs in “Fuel,” “Rentals,” “Maintenance and repairs,” and parts of “Other” are now grouped into “Operating supplies and expenses,” with remaining “Other” amounts shown as “Insurance and claims” and “Operating taxes and licenses.” These reclassifications do not change total revenue, total operating expenses, operating income, net income, or earnings per share.
For the twelve months ended December 31, 2025, revenue was $8,778 million compared with $9,092 million in 2024. Operating income was $1,022 million versus $1,532 million, and net income was $1,059 million versus $1,440 million. Basic and diluted earnings per share were $7.08 in 2025 and $9.63 in 2024, based on 149,505,248 weighted-average shares outstanding in both years. 2025 operating expenses include $206 million of “Separation and other” costs. Other income was driven largely by related party interest income of $373 million in 2025 and $379 million in 2024.
Operating statistics show 2025 total shipments of 22.36 million and total tonnage of 10.31 million, versus 23.07 million shipments and 10.71 million tons in 2024. Composite revenue per shipment was $374.55 in 2025 and $375.99 in 2024, while composite revenue per hundredweight was $40.62 and $40.49, respectively. FedEx Freight also presents non-GAAP yield measures excluding fuel surcharges, including composite revenue per shipment excluding fuel surcharges of $314.15 in 2025 and $313.80 in 2024, to highlight underlying pricing trends.
FedEx Freight Holding Company, Inc. updated its executive pay programs around its June 1, 2026 spin-off. The board’s Human Resources and Compensation Committee approved a transition-year 2026 annual cash incentive plan based solely on adjusted consolidated operating income, with payouts ranging from zero to 200% of target. CEO John A. Smith has a target payout equal to 175% of prorated base salary, while other named executives have 100% targets.
The committee also adopted a TY26–CY28 long‑term incentive program running through December 31, 2028, split between performance stock units tied to aggregate adjusted free cash flow and earnings per share, and time‑vested restricted stock units. It granted one‑time spin‑off bonuses, including cash awards and RSUs that vest in 2027, and clarified how PSUs and RSUs will vest or be forfeited upon retirement, death, disability, or other termination, with an age‑plus‑service formula determining retirement eligibility.
FedEx Freight Holding Company, Inc. reported segmented results for the fourth quarter and full fiscal year ended May 31, 2026, together with its first standalone guidance after completing its spin-off from FedEx Corporation and beginning trading as an independent company on June 1, 2026.
Fourth quarter revenue was $2.4 billion, up 4.8% from the prior year, driven mainly by fuel surcharges and higher weight per shipment. Operating income was $158 million, down 66.9%, while adjusted operating income was $363 million, down 23.9%. Operating margin was 6.6% and adjusted operating margin was 15.1%. Revenue per shipment rose 11.5% to $415.22, but average daily shipments fell 5.9%.
For full fiscal 2026, revenue was $8.8 billion, a 1.1% decline. Operating income fell to $616 million, down 58.6%, and adjusted operating income was $1.1 billion, down 25.6%, reflecting spin-off costs and higher expenses. Effective June 1, 2026, the company changed its fiscal year-end from May 31 to December 31.
For the seven-month Transition Period ending December 31, 2026, FedEx Freight forecasts 4%–6% revenue growth versus $5.1 billion for the seven months ended December 31, 2025, operating income of $475 million to $515 million, and adjusted operating income of $605 million to $645 million. It projects operating margin of 9.0%–9.5% and adjusted operating margin of 11.5%–12.0%. Diluted EPS is expected to be $1.75 to $1.95 before mark-to-market retirement plan accounting adjustments and $2.40 to $2.60 after also excluding estimated spin-off costs, based on an assumed share count of 149.5 million.