April 8 (Reuters) – FedEx Freight set a compounded operating income growth target of 10% to 12% for the medium term, ahead of the freight trucking giant’s first-ever investor day on Wednesday.
The freight trucking arm of FedEx will be spun off from the delivery company on June 1 into a separate, publicly listed firm.
FedEx Freight, the largest provider of less-than-truckload (LTL) services in the U.S., also set a medium-term compounded revenue growth target of 4% to 6%.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sahal Muhammed)
Brought to you by www.srnnews.com
