FedEx Freight stated on Thursday that it expects revenue for the seven-month period ending December 31 to grow by 4% to 6%, with adjusted operating profit projected to increase between 0.8% and 7.5%. This forecast comes just weeks after the company completed its spin-off from its parent corporation, FedEx Corp.

The Memphis-based freight carrier, the largest provider of less-than-truckload (LTL) services in the United States, consolidates shipments from multiple customers onto a single truck. These loads are then sorted through a network of service centers and transferred to other trucks destined for similar locations.

The company has issued a seven-month performance outlook to reflect its change in fiscal year-end from May to align with the calendar year.

For the fourth fiscal quarter ended May 31, the company's revenue rose 4.8% to $2.4 billion. This growth was primarily driven by higher fuel surcharges and an increase in the average weight per shipment. The result surpassed analyst expectations of $2.26 billion.

FedEx Freight began trading as an independent public company on June 1, following its formal separation from FedEx.

However, the company's adjusted operating profit for the fourth quarter declined by 23.9%, impacted by costs related to the spin-off, a decrease in shipment volumes, and rising labor expenses.

Looking ahead, FedEx Freight forecasts that its adjusted operating profit for the remainder of 2026, covering June through December, will range from $605 million to $645 million. This compares to a profit of $600 million in the same period a year ago. The company also projects adjusted earnings per share for the June-to-December period to be between $2.40 and $2.60.