FedEx reported better-than-expected earnings on Thursday night, but that isn’t why the stock briefly soared. FedEx management told investors it would separate its freight division from the rest ...

Investing.com -- FedEx Corporation (NYSE:FDX) saw its shares jump more than 7% in premarket trading Friday after the company announced plans to spin off its less-than-truckload freight division.

FedEx announced Lance Moll will be retiring as president of FedEx Freight after a 33-year career with the company.