Image Credit: FedEx Freight
FedEx Corp. has announced the ten-member board of directors for FedEx Freight, marking a key milestone ahead of the planned separation of the less-than-truckload (LTL) business into an independent, publicly traded company on 1 June 2026.
As previously disclosed, R. Brad Martin, Executive Chairman of the FedEx Corp. board, will serve as Chairman of the FedEx Freight board following the spin-off. John Smith, who has been named President and Chief Executive Officer of FedEx Freight, will also serve as a director.
The remaining eight board members bring extensive experience across transportation and logistics, supply chain management, finance, technology, and corporate governance, reinforcing FedEx Freight’s leadership framework as it prepares to operate independently.
Martin said the board composition reflects FedEx’s customer-first culture and long-term strategy. He noted that the directors’ collective expertise will support FedEx Freight’s focused execution as the largest LTL carrier in North America, known for its transit reliability and service performance.
Smith said he looks forward to working with the incoming board as the company advances toward the separation, describing the spin-off as an opportunity to build a “world-class, independent organisation” supported by strong governance and experienced leadership.
Board Composition
In addition to Martin and Smith, the FedEx Freight board will include senior leaders with backgrounds spanning retail, aviation, logistics, finance, technology and public policy. Among them are former executives from Delta Air Lines, UPS, Walmart, Lowe’s, IBM, and Progressive Corporation, as well as long-serving FedEx leaders with deep institutional knowledge of risk management and operational oversight.
Several directors bring direct experience in large-scale corporate transformations and public company separations, a capability FedEx highlighted as particularly relevant as FedEx Freight transitions into a standalone entity.
Stephen Gorman, currently a director of FedEx Corp., will step down from the parent company’s board upon joining the FedEx Freight board at separation, ensuring clear governance independence between the two organisations.
Transition Planning
The board announcement forms part of FedEx Corp.’s broader separation planning, which is designed to position FedEx Freight with a dedicated leadership team, independent governance, and a focused strategic mandate.
Goldman Sachs & Co. LLC is acting as financial advisor to FedEx Corp. on the transaction, while Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel.
Once completed, the spin-off is expected to allow FedEx Freight to pursue targeted growth, operational improvements, and capital allocation strategies tailored specifically to the LTL market.