Less-than-truckload carrier FedEx Freight announced Wednesday after the market closed that it has terminated Mike Lyons, its chief specialized services and commercial officer. Lyons was appointed to the role in June 2025, one year ahead of the company’s spinoff from FedEx Corp.
“Following an internal investigation, the Company determined Mr. Lyons violated its Code of Conduct and no longer met the standards of employment at FedEx Freight,” a filing with the Securities and Exchange Commission stated. “Mr. Lyons’s conduct was not related to and did not impact the Company’s financial reporting or performance, internal controls, strategy, or customer relationships.”
The company said duties performed by Lyons will be reassigned to other executives while it conducts a search for a replacement.
Lyons had been with the company for 19 years, according to his LinkedIn page. He led commercial strategy and customer experience as well as FedEx Custom Critical.
FedEx (NYSE: FDX) announced the new executive leadership team for FedEx Freight (NYSE: FDXF) in June 2025.
“FedEx Freight will not be providing further commentary or information beyond what is included in our 8-K filing,” a representative with the company told FreightWaves in an email.
Why it matters? The termination of FedEx Freight’s chief commercial officer is significant because it introduces instability during a critical transition and potentially threatens continuity of commercial relationships.
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