FedEx Freight Holding
24 named things its latest annual report says its results depend on, each in the company's own words. 12 of them are also named by other companies we've read.
Customers
Suppliers
FedEx Custom Critical independent service providers
depends onnamed as a riskIn the event of reclassification of our FedEx Custom Critical independent service providers or their drivers as employees, we could be exposed to various liabilities and additional costs under federal, state, and local tax laws.Risk factors (Item 1A)
Partners and platforms
FedEx Corporation
depends onnamed as a riskAdditionally, if we are dependent on FedEx for transition services for a longer period of time than is currently expected our results of operations could be materially adversely affected.Risk factors (Item 1A)
Federal Express Corporation (FedEx trademark license)
depends onnamed as a riskTermination of the Trademark License Agreement would eliminate our rights to use the specified trademarks granted to us under the Trademark License Agreement and may result in our having to negotiate a new or reinstated agreement with less favorable terms or cause us to lose our rights under the Trademark License Agreement, which would require us to change our corporate name and undergo significant rebranding efforts.Risk factors (Item 1A)
FedEx factoring agreement
depends onnamed as a riskLoss or delay in the collection of accounts receivable, including as a result of the terminations of our factoring agreement with FedEx.Risk factors (Item 1A)
Other companies
Spin-Off debt (senior notes and term loan)
$4.3 billion of indebtednessnamed as a riskPrior to the completion of the Spin-Off, we incurred $4.3 billion of indebtedness, net of debt issuance costs and discounts of $36 million, consisting of $3.7 billion in our senior notes and a $0.6 billion term loan under our delayed draw term loan facility.Risk factors (Item 1A)
Competitors
Places
Hazards
Trucking automobile liability insurance market (nuclear verdicts)
exposed to its pricenamed as a riskAs a result, several insurance companies have completely stopped offering coverage to trucking companies for automobile liability claims, significantly reduced the amount of coverage they offer, or significantly raised premiums.Risk factors (Item 1A)
Commodities and inputs
Diesel fuel
exposed to its pricenamed as a riskWe must purchase large quantities of fuel to operate our vehicles, and the price and availability of fuel is beyond our control and can be highly volatile.Risk factors (Item 1A)
Also named by ADM, BLDR, BTU, CAH, CHD, CHRW, COST, CP and 43 more
Canadian dollar and Mexican peso
exposed to its priceThe only foreign currency exchange rate risks to which we are exposed are the Canadian dollar and Mexican peso.Market risk (Item 7A)
Regulators
U.S. Environmental Protection Agency (EPA)
subject tonamed as a riskAt the same time, the EPA repealed federal GHG emission standards for new light-, medium-, and heavy-duty vehicles and engines.Risk factors (Item 1A)
Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more
U.S. Department of Transportation (DOT)
subject tonamed as a riskOur right to serve foreign points is subject to the approval of the DOT and generally requires a bilateral agreement between the U.S. and foreign governments.Risk factors (Item 1A)
Also named by ACHR, AESI, ALK, BLDR, CHRW, CTAS, DAL, EXPE and 19 more
Federal Motor Carrier Safety Administration (FMCSA)
subject tonamed as a riskOur operations in interstate commerce are primarily regulated by the U.S. Department of Transportation (“DOT”) and the Federal Motor Carrier Safety Administration (“FMCSA”), which retain limited oversight authority over motor carriers.Business (Item 1)
Also named by CASY, CVLG, ET, HTLD, IOT, JBHT, LSTR, R and 5 more
National Labor Relations Board
subject tonamed as a riskIn addition, the National Labor Relations Board could take actions that make it easier for our employees, as well as vendors, service providers, and supplier workforces, to organize.Risk factors (Item 1A)
Also named by AZO, BBW, BBY, DKS, FDX, ODFL, QSR, RRGB and 3 more
U.S. Customs and Border Protection (CBP)
subject toOur customs clearance activities are subject to regulation by CBP and other partner government agencies, like the Food and Drug Administration, that regulate the importation and exportation of specific products.Business (Item 1)
Also named by BALL, BJ, CHRW, CROX, EXPD, FDX, JBHT, KLAC and 12 more
Laws and programs
United States-Mexico-Canada Agreement (USMCA)
subject tonamed as a riskIt remains difficult to predict the impact of any change in the USMCA on the economy, including the transportation industry, but given the amount of North American trade that moves by truck, any new or revised restrictions on trade could have a significant impact on supply and demand in the LTL freight transportation industry.Risk factors (Item 1A)
Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more
U.S. tariffs on imports (including Canada and Mexico)
subject tonamed as a riskThese actions have contributed to weakness in the global economy and in the transportation industry which has led to lower shipments, adversely affecting our results of operations.Risk factors (Item 1A)
Also named by AAP, ABT, ALLY, ATR, AZO, BBW, BWA, CMG and 19 more
FMCSA Compliance, Safety, Accountability (CSA)
subject tonamed as a riskAdverse safety performance metrics, regulatory findings, safety ratings, or other unfavorable safety-related information could negatively affect our reputation and customer relationships, reduce demand for our services, and adversely affect our business and results of operations.Risk factors (Item 1A)
Also named by ODFL
FMCSA Electronic Logging Device (ELD) regulations
subject tonamed as a riskWe are subject to the costs and potential adverse impact of compliance associated with the FMCSA’s Electronic Logging Device (“ELD”) regulations and guidance, including the operation of our fleet and safety management systems on the ELD hardware and software platform.Business (Item 1)
FAST, C-TPAT and PIP certifications
subject tonamed as a riskIf we are unable to maintain our Free and Secure Trade (“FAST”), U.S. Customs Trade Partnership Against Terrorism (“C-TPAT”), and Partners in Protection (“PIP”) certification statuses, we may have significant border delays, which could cause our cross-border operations to be less efficient than those of competitor carriers that obtain or continue to maintain FAST, C-TPAT, and PIP certifications.Risk factors (Item 1A)
Tax Matters Agreement / Internal Revenue Code Section 355
subject tonamed as a riskIf the Spin-Off is determined to be taxable for U.S. federal income tax purposes, FedEx and/or its stockholders could incur significant U.S. federal income tax liabilities, and FedEx Freight could also incur significant liabilities.Risk factors (Item 1A)
Faster Labor Contracts Act
subject tonamed as a riskIn June 2026, the U.S. House of Representatives passed the Faster Labor Contracts Act which, if enacted, would alter the process for negotiating initial collective bargaining agreements following union organization efforts.Risk factors (Item 1A)
California vehicle emissions standards (Clean Air Act waivers)
subject tonamed as a riskAdditionally, while California has historically set its own vehicle emissions standards via EPA Clean Air Act preemption waivers, these waivers have been recently challenged and curtailed by industry and the federal government, which introduces long-term compliance uncertainty due to continued legal changes.Risk factors (Item 1A)