Jim Cramer highlighted FedEx Freight Holding Company, Inc. as a new position in his trust, citing the company's ability to capitalize on the e-commerce boom and a strong economy. He noted that freight stocks have been performing well as e-commerce continues to take market share from brick-and-mortar retail, and that FedEx Freight, the recent less-than-truckload spinoff from FedEx, is uniquely positioned to benefit. Cramer also pointed to the company's cost-cutting efforts, market share gains, and the potential impact of self-driving trucks as an added bonus. He reiterated his confidence in the stock during a later episode, calling it a spinoff that could become one of the best operators in the world.
FedEx Freight Holding Company, Inc.Cramer highlights e-commerce growth and strong economy driving demand for freight services, benefiting FedEx Freight.
FedEx Corporation