EXHIBIT 21.1
Published on January 16, 2026
Exhibit 21.1
Subsidiaries of the Registrant
The following entities are expected to be subsidiaries of the registrant upon completion of the Spin-Off (as defined in the information statement attached as Exhibit 99.1 to the registration statement of which this Exhibit 21.1 is a part).
| Name of Subsidiary | Jurisdiction of Incorporation |
| [●] | Delaware |
| FedEx Freight, Inc. | Arkansas |
| American Freightways, Inc. | Arkansas |
| FedEx Custom Critical, Inc. | Ohio |
| FedEx Freight Canada, Corp. | Canada |
| FedEx Freight de Mexico, S. de R.L. de C.V. | Mexico |
| Razorback Servicios de Mexico, S. de R.L. de C.V. | Mexico |
| Viking de Mexico, S.A. de C.V. | Mexico |