FedEx Freight Holding Company, Inc. Q4 FY2026 Earnings Call

Good afternoon, welcome to FedEx Freight's fourth quarter earnings conference call. The fourth quarter earnings release and investor presentation are on our website at ir.fedexfreight.com. This call is also being streamed from our website. Joining us today are John Smith, President and Chief Executive Officer at FedEx Freight, and Marshall Witt, our Executive Vice President and Chief Financial Officer. Following prepared remarks, John and Marshall will both be available to answer questions. To allow time for as…

Well, thanks, Mary, good afternoon, everyone, and welcome to FedEx Freight's first-ever earnings conference call as a standalone company. This is an important and highly anticipated milestone for our entire organization. In April, we introduced the new FedEx Freight, on June 1st, we proudly rang the opening bell at the New York Stock Exchange, officially marking our debut as a standalone, publicly traded company under the ticker FDXF. I want to share my sincerest appreciation to our incredible team members who…

Thank you, John, and good afternoon, everyone. We are very pleased with our performance in the quarter, especially given the complexity of executing the spin and navigating a dynamic external environment. Despite these moving parts, we enter this next phase from a position of strength with a durable financial profile. Turning to our fourth quarter results, revenue increased 5% year-over-year. As John covered, the increase was driven primarily by higher fuel surcharges and, to a lesser extent, increased weight per…