Diamond Hill Capital Adds Spun-off FedEx Freight to Portfolio

Diamond Hill Capital, a First Eagle Investment Management company, added FedEx Freight Holding Company, Inc. to its Large Cap Strategy portfolio. The move follows the spinoff of FedEx Freight from FedEx Corporation, which established the company as a standalone less-than-truckload carrier and the largest in the industry by revenue.

In its Q2 2026 investor letter, Diamond Hill Capital noted that the standalone structure allows FedEx Freight to better focus on operational execution and margin improvement to compete with industry leaders. As of July 31, 2026, the company maintained a market capitalization of $20.92 billion and a closing share price of $140.53.