Item 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit Fees and Related Disclosures for Accounting Services

Ernst & Young LLP (“Ernst & Young”) audited our consolidated financial statements included in this Annual Report and has served as our independent auditor since 2025. For the fiscal years ended May 31, 2026 and May 31, 2025, we did not incur any fees for professional services to Ernst & Young. Prior to the Spin-Off, FedEx paid all audit, audit-related, tax, and other fees related to FedEx Freight’s business.

Preapproval of Audit and Non-Audit Services

All of the fees for services Ernst & Young provided to FedEx Freight during the fiscal years ended May 31, 2026 and May 31, 2025 were preapproved by FedEx’s Audit and Finance Committee in accordance with FedEx’s Policy on Engagement of Independent Auditor. Following the Spin-Off, the FedEx Freight Audit Committee adopted the FedEx Freight Auditor Engagement Policy (the “Auditor Engagement Policy”). Pursuant to the Auditor Engagement Policy, the Audit Committee preapproves all audit services and non-audit services to be provided to FedEx Freight by its independent registered public accounting firm. The Audit Committee may delegate to one or more of its members the authority to grant the required approvals, provided that any exercise of such authority is reported at the next Audit Committee meeting.

The Audit Committee may preapprove for up to one year in advance the provision of particular types of permissible routine and recurring audit-related, tax, and other non-audit services, in each case described in reasonable detail and subject to a specific annual monetary limit also approved by the Audit Committee. The Audit Committee must be informed about each such service that is actually provided. In cases where a service is not covered by one of those approvals, the service must be specifically preapproved by the Audit Committee no earlier than one year prior to the commencement of the service.

Each audit or non-audit service that is approved by the Audit Committee (excluding tax services performed in the ordinary course of FedEx Freight’s business and excluding other services for which the aggregate fees are expected to be less than $50,000) will be reflected in a written engagement letter or writing specifying the services to be performed and the cost of such services, which will be signed by either a member of the Audit Committee or by an officer of FedEx Freight authorized by the Audit Committee to sign on behalf of FedEx Freight.

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The Audit Committee will not approve or pre-concur any prohibited non-audit service or any non-audit service that individually or in the aggregate may impair, in the Audit Committee’s opinion, the independence of the independent registered public accounting firm.

In addition, the policy provides that FedEx Freight’s independent registered public accounting firm may not provide any services, including financial counseling and tax services, to any FedEx Freight officer or FedEx Freight managing director (or its equivalent) in the Finance department or to any immediate family member of any such person. The Auditor Engagement Policy is available under the Governance heading of our website at ir.fedexfreight.com.

Pursuant to FedEx Freight’s Policy on Hiring Certain Employees and Partners of the Independent Auditor, FedEx Freight will not hire a person who is concurrently a partner or other professional employee of the independent registered public accounting firm or, in certain cases, an immediate family member of such a person. Additionally, FedEx Freight will not hire a former partner or professional employee of the independent registered public accounting firm in an accounting role or a financial reporting oversight role if he or she remains in a position to influence the independent registered public accounting firm’s operations or policies, has capital balances in the independent registered public accounting firm, or maintains certain other financial arrangements with the independent registered public accounting firm. FedEx Freight will not hire a former member of the independent registered public accounting firm’s audit engagement team (with certain exceptions) in a financial reporting oversight role without waiting for a required “cooling-off” period to elapse.

FedEx Freight’s Executive Vice President — Chief Financial Officer must preapprove any hire who was employed during the preceding three years by the independent registered public accounting firm, and report at least annually all such hires to the Audit Committee.

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PART IV