Webin a move that could significantly reshape its business landscape, fedex is rumored to be considering spinning off its freight division. This speculation has sparked a wave of. Webfedex corp's new chief executive on wednesday announced plans to boost future earnings by focusing on more profitable deliveries, but shares backtracked as the. Is hosting an investors meeting today where president and chief executive officer raj subramaniam and the fedex leadership team will present a strategic plan to.