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FEDEX
Corp., the
United States’
second-largest package-shipping company, recently
acquired Watkins Motor Lines and Watkins Canada Express,
Watkins’ LTL (less than truckload) carrier in Canada,
which owns more than 140 service centers and more than
14,000 tractors and trailers. The branches and its
vehicles will be immediately rebranded FedEx National
LTL and FedEx Freight Canada, respectively.
“These
strategic additions to the FedEx portfolio offer more
flexibility and greater value to shippers in the
less-than-truckload sector,” said Frederick W. Smith,
chairman, president and chief executive officer of FedEx
Corp. in a statement. “FedEx Freight, FedEx National LTL
and FedEx Freight Canada create a reliable,
single-source provider of one- and two-day regional as
well as long-haul LTL services that customers have been
requesting.” Other benefits customers will enjoy include
easy access to bundled transportation solutions
available with other FedEx operating companies,
specifically FedEx Express and FedEx Ground.
FedEx
National LTL and FedEx Freight Canada each operate as a
separate network within the FedEx Freight segment, which
also includes FedEx Freight, FedEx Custom Critical and
Caribbean Transportation Services. More than 470 service
centers comprise the FedEx Freight, FedEx National LTL
and FedEx Freight Canada networks. The companies will
operate nearly 54,000 tractors and trailers to meet
customers’ regional and long-haul LTL needs.
“FedEx
National LTL and FedEx Freight Canada will provide the
certainty and reliability of service that customers have
come to expect from FedEx Freight,” said Douglas G.
Duncan, president and chief executive officer of FedEx
Freight. “As integration moves forward, FedEx National
LTL will strengthen its focus on providing core
long-haul services, while FedEx Freight Canada begins
identifying service-enhancement opportunities as we work
together to grow our LTL market share throughout North
America.”
With a
work force of nearly 9,000, FedEx National LTL will
benefit from Watkins’ rich heritage in the
transportation industry and a strong workplace culture
similar to that of FedEx. “Over the years, Watkins’
teams have earned a stellar reputation for
professionalism and dedication to customer service,”
added Duncan. “They share these customer-focused
priorities with an engaged FedEx work force, a factor
that will facilitate a smooth integration process, help
grow our business and guide our company toward an even
brighter future.” |