FDX · Fedex Corp

Introduces Key Strategic Initiatives Supporting the Company’s Vision of Making Supply Chains Smarter for Everyone Targets Strong Earnings Growth, Margin Expansion, and Adjusted Free Cash Flow Through 2029 Provides Third Fiscal Quarter Update MEMPHIS, Tenn., February 12, 2026 FedEx Corp. (NYSE: FDX) today announced at its 2026 Investor Day the company’s strategy to strengthen its position as the leading industrial network that powers the global economy. Looking ahead, FedEx is prioritizing premium growth in high-margin verticals, scaling its digital and AI capabilities, and further transforming its network to drive significant profit improvement and stockholder value creation. “For over five decades, FedEx has built one of the world’s most reliable and valuable industrial networks powering global trade,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “FedEx is now entering a new era as we build the most flexible, efficient, and intelligent network in history.

FedEx Corp. (NYSE: FDX) (“FedEx”) announced today that FedEx Freight Holding Company, Inc., a wholly owned subsidiary of FedEx (the “Issuer”), has priced a private offering of $1,000,000,000 aggregate principal amount of 4.300% senior notes due 2029, $1,000,000,000 aggregate principal amount of 4.650% senior notes due 2031, $700,000,000 aggregate principal amount of 4.950% senior notes due 2033 and $1,000,000,000 aggregate principal amount of 5.250% senior notes due 2036 (collectively, the “Notes”). The offering of the Notes is expected to close on or about February 5, 2026, subject to the satisfaction of customary closing conditions. The Notes are being offered as part of the financing for the proposed separation of the Issuer from FedEx (the “Spin-Off”) which will result in the Issuer owning and operating, through its subsidiaries, FedEx’s less-than-truckload (LTL) freight transportation services business, including FedEx Freight Direct and LTL Select, and the other businesses,

FedEx Corp. (NYSE: FDX) today announced the appointment of Scott Ray as chief operating officer for U.S. and Canada Surface Operations, effective June 1. He will begin transitioning into the role as COO-elect on Feb. 1. Reporting to FedEx President and CEO Raj Subramaniam, Ray will be the newest member of the FedEx Executive Committee, succeeding John Smith, who will transition to CEO of FedEx Freight as of June 1. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260126094399/en/ FedEx appoints Scott Ray as chief operating officer of Surface Operations in U.S. and Canada Ray will be responsible for leading all aspects of Surface Operations in the U.S. and Canada, from the daily operations of safely and reliably delivering millions of packages every day, to ensuring the effective execution and implementation of strategic initiatives, including Network 2.0. Having served as the president of Surface Operations since 2024, Ray’s

FedEx Corp. (NYSE: FDX) (“FedEx”) announced today that FedEx Freight Holding Company, Inc., a wholly owned subsidiary of FedEx (the “Issuer”), has commenced a private offering of senior notes (the “Notes”). The Notes are being offered as part of the financing for the proposed separation of the Issuer from FedEx (the “Spin-Off”) which will result in the Issuer owning and operating, through its subsidiaries, FedEx’s less-than-truckload (LTL) freight transportation services business, including FedEx Freight Direct and LTL Select, and the other businesses, including FedEx Custom Critical, included in FedEx’s FedEx Freight reporting segment as a separate public company. The Spin-Off is expected to be completed on June 1, 2026. The Issuer intends to distribute the net proceeds from the offering of the Notes to FedEx as part of the consideration for FedEx’s contribution of assets to the Issuer in connection with the Spin-Off. The Notes have not been registered under the Securities Act of

Board includes veteran leaders with transportation and logistics, financial, and technology expertise FedEx Corp. (NYSE: FDX) today announced the ten-member board of directors for FedEx Freight, ahead of its planned spin-off from FedEx Corp. on June 1, 2026. As previously announced, R. Brad Martin, current executive chairman of the FedEx Corp. board of directors, will serve as chairman of the board of FedEx Freight. John Smith, the incoming president and chief executive officer of FedEx Freight, will also serve as a director, alongside eight other highly experienced leaders across the transportation and logistics, supply chain management, and technology sectors. “We’ve assembled a group of prominent industry leaders who share a strong commitment to the customer-first culture that defines FedEx,” said Brad Martin. “Their diverse perspectives and proven leadership will be instrumental in supporting FedEx Freight as it executes a focused strategy and builds on its position as the largest

Separation on track for completion on June 1, 2026 FedEx Freight to be the largest North American less-than-truckload (“LTL”) freight carrier with industry-leading transit times and service levels, offering scale, speed, choice, and reliability to meet the needs of LTL shippers Investor Day scheduled for April 8, 2026, in New York City to provide details on FedEx Freight’s business and value-creation strategy FedEx Corp. (NYSE: FDX) today announced the filing of the Form 10 registration statement (the “Form 10”) with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of FedEx Freight. A copy of the Form 10 is available on the SEC website at www.sec.gov and can also be viewed on FedEx’s Investor Relations website . “Today’s Form 10 filing reflects the strong progress we are making toward the launch of FedEx Freight as a focused, industry-leading LTL company,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “This separation will create