FedEx announced the spinoff of its freight trucking division to focus on core delivery operations. Analysts estimate the spinoff could unlock up to $20 billion in shareholder value, positioning the freight business for better profitability and growth as an independent entity. FedEx Freight experienced a revenue decline last quarter but appears to have stabilized despite losing customers. While adjusted profits exceeded expectations, FedEx lowered its outlook for next year due to persistent demand challenges and the loss of its USPS contract.