03.联邦快递集团(FDX.US) 2025财年第二季度业绩电话会：联邦快递决定将货运业务分离，创建两个独立的上市公司，以增强专注力和竞争力，预计这一举措将为股东释放显著价值。分离后，联邦快递能更有效地执行其战略重点，而新的独立公司将拥有更多资本灵活性，以投资于盈利性增长并向股东返还资本。联邦快递货运作为零担运输的领先公司，拥有广泛的网络和快速的运输时间，近5年运营利润增长近25%，运营利润率提高约1100个基点。分离后，联邦快递货运将扩充销售团队，增强定价系统，提高网络效率，并实现自动化以提升效率。

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