FedEx Freight targets 4%-6% medium-term compounded revenue growth

FedEx Corporation -0.77%

FedEx Corporation

FDX

374.08

-0.77%

- FedEx Freight on Wednesday set a medium-term revenue target of 4%to 6% compounded growth ahead of the freight trucking giant's first-ever investor day.

FedEx Freight, the freight trucking arm of the delivery giant, will be spun off from FedEx FDX.N on June 1 into a separate, publicly listed firm.