Form 10-Q · Quarterly report
FedEx Freight 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0002082247
- Accession no.
- 0001628280-26-068246
Summary
FedEx Freight's third-quarter revenue rose 8% to $2.44 billion, while operating income fell 13% to $253 million and net income dropped 49% to $147 million, as separation and other costs rose following its spin-off.
Key points
- Revenue increased 8% to $2.442 billion in the quarter ended September 30, 2026, driven by higher fuel surcharges and favorable base yield, partly offset by lower volume.
- Operating income decreased 13% to $253 million, and net income decreased 49% to $147 million.
- Separation and other costs were $105 million in the quarter, up from $30 million a year earlier.
- Average daily shipments fell 1% due to reduced demand tied to macroeconomic conditions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Results of Operations Many of our operating expenses are directly affected by revenue and volume levels, and we expect these operating expenses to fluctuate on a year-over-year basis consistent with changes in revenue and volumes. The discussion of operating expense below focuses on the key drivers and trends affecting expenses other than those factors strictly related to changes in revenue and volumes. Seasonality Our business is cyclical in nature, as seasonal fluctuations affect volumes, revenue, and earnings. …
An excerpt of the text as filed with the SEC, cut for length.
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