Stephens initiated coverage of FedEx Freight Holding Company, Inc. (FDXF) with an Overweight rating on July 8, 2026. The move follows the carrier's June 1, 2026, spin-off from parent company FedEx.
The independent less-than-truckload carrier is currently streamlining operations to enhance customer experience. Overall customer experience scores rose 8% quarter-over-quarter during the initial transition period.
FedEx Freight is integrating artificial intelligence to boost operational efficiency and has launched a new freight pricing system. Management projects revenue growth between 4% and 6% for the remainder of 2026 compared to the previous year.