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FedEx Freight provides medium-term finanical outlook at Investor Day

Tipranks - Tipranks - Thu Apr 9, 7:30AM CDT

FedEx (FDX) Freight will host its inaugural Investor Day at the New York Stock Exchange in New York City, ahead of its planned spinoff from FedEx Corporation. Members of the FedEx Freight (FDXF) executive leadership team, led by incoming president and CEO John Smith, will outline the company’s advantaged positioning as the largest North American less-than-truckload carrier and unique value proposition, compelling financial model, and strategy to unlock future profitable growth.The company will outline four strategic priorities to deliver on its strategy as an independent company and achieve its financial goals: Optimizing the Network: LTL-focused operating model designed to drive efficiency through network optimization, fleet modernization, and lower cost-to-serve initiatives, with safety and service excellence at the forefront; Leading Commercial Offering: Differentiated commercial strategy that offers customers the flexibility to choose between superior transit times or more economic alternatives, a dedicated LTL salesforce, and targeted growth in attractive verticals, supported by simplified processes and an enhanced digital customer experience; Advancing Technology Capabilities: Modernized technology strategy that streamlines systems, strengthens data and analytics capabilities, and leverages automation and AI to enable commercial execution and optimize operational performance; and Financial Value Creation: Accelerating profitable growth, driving free cash flow durability, and maintaining a disciplined approach to capital allocation to unlock compelling value for stockholders. The company is introducing a comprehensive medium-term financial framework with the following outlook: Revenue Growth 4-6% CAGR; Adjusted Operating Income Growth 10-12% CAGR; CapEx to Revenue Ratio ~5%; Free Cash Flow Generation greater than $1B; Free Cash Flow Conversion greater than 90%.

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