FedEx Freight is trading at $103.70, down 4.42%, with freight-specific concerns a plausible, unconfirmed factor. - FedEx’s October 28 results showed Freight revenue down 5% and shipments down 6%, reflecting continued weak less-than-truckload demand. - FedEx Freight’s Q3 results are scheduled for October 29; analysts are focused on operating margins. - The release is an upcoming catalyst, not a reported explanation for the drop; the broad market was nearly flat.