FedEx Freight (FDXF) from FedEx (FDX) - June 2026

FedEx completed the spinoff of FedEx Freight on 1 June 2026. FedEx shareholders received 0.50 shares of FDXF for each share of FDX owned.

The FedEx form 8K filed 13 May 2026 indicated this spinoff to be a tax-free reorganization. The full SEC filing can be found at this URL:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001048911/000110465926060233/tm2520565d17_8k.htm

The cost basis allocation information is calculated from the average of the hi and low prices of FDXF and FDX on effective day of the spinoff of FDXF, 1 June 2026 This method to determine fair market value of the post spinoff companies is the method used in IRS form 8937. No form 8937 for this transaction was found when these instructions were written. 

NOTE:

The cost basis allocation is dependent on the prices used for both FedEx Freight and FedEx in the cost basis allocation calculations. In our experience brokers tend to use the prices found in the guidance companies post on their websites including IRS form 8937. If available, our instructions will use the guidance in form 8937. If your broker does not use that guidance, or form 8937 is not publicly available, the cost basis of the companies involved as recorded in your accounting records and in your broker’s records may not match. This is not cause for concern. This is just due to the inexact nature of the tax code in this regard. Partnership tax returns have specific areas to reconcile these usually small differences. ICLUBcentral tax printer software automatically fills in these adjustments in the normal operation of the software using the data imported from your accounting records and that you enter from your 1099.

 

 The Spinoff Entry

Go to Accounting > Securities > Record spinoff of securities in myICLUB.com. If you are unfamiliar with spinoff transactions you can get help at this URL: https://www.myiclub.com/faq/article.aspx?id=54

Here is the information you need to complete the spinoff.

 

Step 1

  • Date: 6/01/2026
  • Parent Company : FedEx (FDX)
  • Number of daughter companies : 1

Step 2

  • Remaining Basis Percentage: 80.89
  • Symbol of new company : FDXF
  • Shares received : (0.50 x # of FDX shares owned)
    • Include fractional part, if any. For example, if you owned 100 FDX shares, enter 50 (100 x 0.50)
  • Price Per Share : 156.765   (Average of open and close price)
  • Cash received:  See your broker statement for cash-in-lieu received

 

Click Submit to save the transaction and the spinoff has been entered.