FedEx Corp (FDX) Spins Off Freight Unit. Don't Miss the Point On June 1, FedEx Corp (NYSE:FDX) completed the spinoff of its freight business into a separate publicly traded company called FedEx Freight (NYSE:FDXF). FedEx Freight shares began trading on the same day, with BofA Securities initiating the stock with a Buy rating and a price target of $185. FedEx Freight is primarily focused on the less-than-truckload shipping business, and it's the market leader with roughly 16% market share. FedEx Corp (NYSE:F ...