Nuts & Bolts: FedEx Freight Spin Complete

Research evidence excerpt

Nuts & Bolts: FedEx Freight Spin Complete

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Nuts & Bolts

FedEx Freight Spin Complete

Industry Overview

FedEx Completes Spin-Off of FedEx Freight 08 June 2026

On June 1, FedEx (FDX) announced the completion of its spin-off of FedEx Freight High Grade Credit

(FDXF), and FDXF’s common stock began “regular way” trading on the New York Stock United States

Exchange (timing was in line with FDX expectations). In connection with the spin, FDXF Aerospace/Defense, Autos, Capital

Goods, Transportationpaid a cash dividend of approximately $4.1bn to FDX.

Nearly 1,000 Workers Set to Strike at GM Supplier’s Plant DouglasResearch KarsonAnalyst

The Wall Street Journal (WSJ) reported that nearly 1,000 workers at Dauch’s (DCH) Three BofAS +1 646 855 7405

Rivers, Mich. plant are set to strike, stalling production of key parts for General Motors' doug.karson@bofa.com

(GM) midsize and full-size pickup trucks. The WSJ noted that the plant produces axles for Somaia Barakah

GM's heavy-duty Chevrolet Silverado and GMC Sierra pickups, as well as for its midsize Research Analyst BofAS

trucks, the Chevrolet Colorado and GMC Canyon. somaia.barakah@bofa.com

Trump Cuts Tariffs on Agricultural Equipment ShaneResearchSteinlaufAnalyst

Trump signed a Proclamation adjusting certain metals tariffs to, in part, spur investment BofASshane.steinlauf@bofa.com

in US agriculture. This adjusts tariffs on agricultural equipment like combines/harvesters,

and certain other equipment, from 25% to 15%. It also expands the existing category of Exhibit 2: Markets Monitor (as of 6/4/26)

Macro data and indices snapshotsindustrial equipment subject to a 15% tariff to include mobile industrial equipment like

bulldozers/forklifts when imported from trade deal countries entitled to such treatment.