Following its first financial results as an independent company, FedEx Freight is targeting yield and shipment growth in 2027. CEO John Smith said the sales force is in a “hunting phase” as it pursues opportunities in targeted markets. Shipment volumes rose year over year in September, an encouraging trend for the company.
FedEx Freight plans a 6.9% general rate increase (GRI) in January to support its growth and profitability targets. The company aims for the increase to have a longer-lasting impact than usual. A strong contract renewal cycle is also expected to shape performance in the coming year as FedEx Freight operates independently of its former parent, FedEx Corp.