GeneralNeutralBlockonomi · 3h ago5/10
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FedEx Freight (FDXF) Drops 7% on First Trading Day as Independent Company
FedEx Freight (FDXF) declined 6.76% on its first day of trading as an independent company on the NYSE. CEO John Smith outlined ambitious targets including 15% operating margins by 2029 and highlighted readiness for autonomous technology deployment, signaling confidence despite the stock's initial market reception.