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FedEx is a top trending Ticker on Yahoo finance Shares are surging this morning after its fourth quarter earnings beat proving its cost cutting efforts are working now the shipping giant saying that Capital spending declining 16% in fiscal 2024 CEO tting quote unprecedented results in the current environment youamp;#39;re looking at gains of just about 133% we want to bring in steuart Glickman his cfamp;#39;s research energy Equity analyst joining us now Stuart itamp;#39;s great to have you so I think a lot of this optimism really what is driving the stock here this morning has been like some of that commentary surrounding FedEx free and exactly what that could look like here going forward what do you think about the potential spin-off there of that business and ultimately what that means for the stock right shaa so yeah I think that was interesting news that came out last night that a potential spin-off of FedEx freight draws a lot of a lot of interest uh because the margins uh in