Morning Minute | September 19, 2025
FedEx Freight is becoming a standalone public company, with its parent planning to spend $600 million to enhance its IT systems and infrastructure ahead of the separation . Consolidated adjusted earnings for FedEx were strong for the fiscal first quarter, exceeding expectations even though FedEx Freight revenue saw a 3.1% year-over-year decline. Hear the latest on the ongoing labor negotiations as Canada Post prepares to present a new contract offer to unionized mail carriers in an effort to break the existing stalemate. However, the Canadian Union of Postal Workers declined to immediately…
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