FedEx Freight Spinoff Seen As Pressuring Credit Profile -- Market Talk

Dow Jones

2025/06/26

1427 ET - FedEx's planned spinoff its freight business could result in a weaker credit profile for the company, according to Gimme Credit's Jay Cushing. The freight separation is still on track to happen in June 2026, FedEx said during its earnings call. FedEx says it doesn't plan to increase its leverage in connection with the planned spinoff, but Cushing believes the loss of the business will make FedEx smaller, less profitable and less diversified. All those factors will make it harder to service its debt, he says. Cushing holds his underperform rating on FedEx and maintains his expectation of a deteriorating credit score. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

June 25, 2025 14:27 ET (18:27 GMT)

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The freight separation is still on track to happen in June 2026, FedEx said during its earnings call. FedEx says it doesn't plan to increase its leverage in connection with the planned spinoff, but Cushing believes the loss of the business will make FedEx smaller, less profitable and less diversified. All those factors will make it harder to service its debt, he says. Cushing holds his underperform rating on FedEx and maintains his expectation of a deteriorating credit score. 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The freight separation is still on track to happen in June 2026, FedEx said during its earnings call. FedEx says it doesn't plan to increase its leverage in connection with the planned spinoff, but Cushing believes the loss of the business will make FedEx smaller, less profitable and less diversified. All those factors will make it harder to service its debt, he says. Cushing holds his underperform rating on FedEx and maintains his expectation of a deteriorating credit score. (katherine.hamilton@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2025 14:27 ET (18:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR資本管理(全球第二大對沖基金)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2546722898","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546722898","pubTimestamp":1750876020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1427 ET - FedEx's planned spinoff its freight business could result in a weaker credit profile for the company, according to Gimme Credit's Jay Cushing. The freight separation is still on track to happen in June 2026, FedEx said during its earnings call. FedEx says it doesn't plan to increase its leverage in connection with the planned spinoff, but Cushing believes the loss of the business will make FedEx smaller, less profitable and less diversified. All those factors will make it harder to service its debt, he says. Cushing holds his underperform rating on FedEx and maintains his expectation of a deteriorating credit score. 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The freight separation is still on track to happen in June 2026, FedEx said during its earnings call. FedEx says it doesn't plan to increase its leverage in connection with the planned spinoff, but Cushing believes the loss of the business will make FedEx smaller, less profitable and less diversified. All those factors will make it harder to service its debt, he says. Cushing holds his underperform rating on FedEx and maintains his expectation of a deteriorating credit score. (katherine.hamilton@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  June 25, 2025 14:27 ET (18:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}