5.24.2006

FedEx agrees to pay $780 Million for Watkins

MEMPHIS, TN.- FedEx Corporation announced an agreement to acquire the less-than-truckload (LTL) operations of Watkins Motor Lines and certain affiliates for $780 million, payable in cash. Heavyweight freight customers will benefit from the additional choice that this new, reliable and cost-effective solution will add to the FedEx Freight portfolio of services. Read the full report

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