FedEx to Spin-Off Freight Business Worth Over $30 Billion, Focusing on Core Delivery Business
FedEx is set to experience a rise in stock levels after announcing the spin-off of its freight business, which is valued at over $30 billion. This move will allow the company to focus on its core delivery business and improve profitability. Investors seeking a less volatile investment option may want to consider the Trefis High Quality Portfolio, which has outperformed the S&P. Despite recent gains, FedEx's earnings have decreased due to lower revenues and margin contraction, and the stock has been more volatile than the S&P 500.
A script is being created and added to an iframe document, with a source URL directing to a video player. The script is set to defer and is of the text/javascript type. A fetch operation is then executed to retrieve a JSON file containing URLs for a CSS stylesheet and an HLS script, which are then added to the head of the document. Finally, a function is called to display a video player using a unique ID generated by the script.
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