FedEx Completes Acquisition of Watkins Motor Lines; Addition of Long-Haul Less-Than-Truckload (LTL) Units Expands Heavyweight Service Portfolio for Customers
MEMPHIS, Tenn—Sept. 5, 2006—FedEx Corp. (NYSE: FDX) announced it has completed the $780 million cash purchase of the LTL operations of Watkins Motor Lines and certain affiliates. A privately held company based in Lakeland, Fla., Watkins Motor Lines is a leading provider of long-haul LTL services with more than $1 ...
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FedEx to Acquire Watkins Motor Lines, a Leader in Long-haul Freight Transportation
MEMPHIS, Tenn.—May 26, 2006—Acquisition to allow FedEx to provide more choices for heavyweight deliveries; Addition of long-haul LTL capability expands freight portfolio to meet customer demand
FedEx Corporation (NYSE: FDX) today announced an agreement to acquire the less-than-truckload (LTL) operations of Watkins Motor Lines and certain affiliates for $780 million, payable ...
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