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FedEx Freight and LTL to Merge/ 1 Express District Abolished
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<blockquote data-quote="MrFedEx" data-source="post: 769945" data-attributes="member: 12508"><p>OK, so FedEx purchased Viking (FedEx Freight/West) and American Freightways (FedEx Freight/Midwest and East Coast) for nationwide truckload coverage. Then they buy Watkins (National LTL) to cover the Less Than Truckload segment. But didn't the Watkins route structure basically duplicate the Viking route structure? In other words, why buy an LTL carrier when you've already got a truckload carrier in place that can do LTL as well? Maybe Watkins had authority that FedEx needed, and this was the time to seal the deal and consolidate.</p><p> </p><p>I don't pretend to know the trucking business, but I've got to believe this has been in the works for awhile. That's just the way FedEx does business. I did some research and saw that the former Watkins management lasted less than a year into the FedEx regime, which is telling. Kind of like the Flying Tigers merger in 1989 where most of the Tigers management were gone in short order....undoubtedly by design. Everyone knows that the only reason FedEx bought Tigers was for their routes to Asia.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 769945, member: 12508"] OK, so FedEx purchased Viking (FedEx Freight/West) and American Freightways (FedEx Freight/Midwest and East Coast) for nationwide truckload coverage. Then they buy Watkins (National LTL) to cover the Less Than Truckload segment. But didn't the Watkins route structure basically duplicate the Viking route structure? In other words, why buy an LTL carrier when you've already got a truckload carrier in place that can do LTL as well? Maybe Watkins had authority that FedEx needed, and this was the time to seal the deal and consolidate. I don't pretend to know the trucking business, but I've got to believe this has been in the works for awhile. That's just the way FedEx does business. I did some research and saw that the former Watkins management lasted less than a year into the FedEx regime, which is telling. Kind of like the Flying Tigers merger in 1989 where most of the Tigers management were gone in short order....undoubtedly by design. Everyone knows that the only reason FedEx bought Tigers was for their routes to Asia. [/QUOTE]
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