Woofun AI reports that FedEx Freight anticipates a 4% to 6% increase in revenue for the seven-month period concluding on December 31, alongside an adjusted operating profit rise of 0.8% to 7.5%. This guidance follows the company's recent completion of its separation from parent entity FedEx Corporation.

For the fourth fiscal quarter ending May 31, revenue climbed 4.8% to $2.4 billion, surpassing analyst estimates of $2.26 billion. The growth was primarily driven by higher fuel surcharges and an increase in average shipment weight.