“This is the right time to pursue a separation as we respond to the unique dynamics of the LTL market,” @FedEx CEO Raj Subramaniam said. https://t.co/OVuzfJgV9F

Spinoff of FedEx Freight by $FDX won't impact the parent company's $MCO Baa2 investment grade credit rating. But Moody's said this: "(Full) effects..will depend on the ultimate capital structure established for FedEx Freight and how any cash distributed back to FedEx is used." https://t.co/WIHI28KAxO

FedEx ( $FDX): Shares of the transportation and delivery service rose 0.6% Friday morning following an upgrade from Hold to Buy from Loop Capital as Wall Street appeared to cheer on plans for the company to spin off its Freight division. The proposal would see the creation of a… https://t.co/ZETsflMqqc