Home / Business and Economy / FedEx Spinoff Shakes Up Logistics: Cramer Weighs In
FedEx Spinoff Shakes Up Logistics: Cramer Weighs In
5 Jul
Summary
- FedEx stock surged 61% over the past year and 32% year-to-date.
- The company divested its freight business on June 1st.
- FedEx raised its annual dividend by 5% shortly after the spinoff.
Logistics giant FedEx Corp (NYSE:FDX) has experienced substantial stock growth, with shares increasing by 61% over the past year and 32% year-to-date as of July 5, 2026. The company successfully divested its freight business on June 1st, establishing a new, publicly traded entity under the ticker FDXF, while FedEx Corp retains a 19.9% ownership stake.
This strategic move was met with positive commentary from financial analyst Jim Cramer, who praised FedEx CEO Raj Subramaniam's handling of the situation. Shortly after the freight business separation, FedEx announced a 5% increase to its annual dividend rate. Cramer commended Subramaniam's leadership, particularly his foresight regarding the freight market and his successful stewardship of the company following the legacy of its founder, Fred Smith.
