M&A Deal Summary

FedEx Acquires American Freightways

On November 13, 2000, FedEx acquired transportation company American Freightways for 950M USD

Acquisition Highlights
  • This is FedEx’s 4th transaction in the Transportation sector.
  • This is FedEx’s 3rd largest (disclosed) transaction.
  • This is FedEx’s 4th transaction in the United States.
  • This is FedEx’s 1st transaction in Arkansas.

M&A Deal Summary

Date 2000-11-13
Target American Freightways
Sector Transportation
Buyer(s) FedEx
Deal Type Add-on Acquisition
Deal Value 950M USD

Target

American Freightways

Harrison, Arkansas, United States
website
American Freightways Corp. is a scheduled, for-hire carrier of less-than-truckload shipments of general commodities, presently serving direct all points in 40 contiguous U.S. states. Through partnerships, AF also serves Alaska, Canada, Caribbean Islands, Central America, Hawaii, Mexico, Puerto Rico and South America. It employs 17,200 associates operating over 28,300 pieces of revenue equipment from a network of 265 customer centers and handles about 46,000 shipments per day.

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Buyer(S) 1

Buyer

FedEx

Memphis, Tennessee, United States

website


Category Company
Founded 1971
Sector Transportation
Employees324,000
Revenue 84.0B USD (2021)
DESCRIPTION
FeDex's corporate headquarters in Memphis, Tennessee.
FeDex's corporate headquarters in Memphis, Tennessee.

FedEx is a global transportation and logistics company. FedEx provides a broad portfolio of transportation, e-commerce and business services through four segments. FedEx Express is the world’s largest express transportation company, offering time-certain delivery within one to three business days and serving markets that comprise more than 90% of the world’s gross domestic product. FedEx Ground is a North American provider of small-package ground delivery services. FedEx Ground provides low-cost, day-certain service to every business address in the United States and Canada, as well as residential delivery to nearly 100% of U.S. residences through its FedEx Home Delivery service. The FedEx Ground segment also includes FedEx SmartPost, Inc., which specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitive business-to-consumer packages using the U.S. Postal Service for final delivery to any residential address or PO Box in the United States. FedEx Freight is a North American provider of less-than-truckload freight services. The FedEx Freight segment also offers freight delivery service throughout Canada and Mexico and includes FedEx Custom Critical, Inc., a leading North American provider of time-specific, critical shipment services. FedEx Services provides companies with sales, marketing, information technology, communications and back-office support. The FedEx Services segment also includes FedEx TechConnect, Inc., which is responsible for customer service, billings and collections for our U.S. customers and offers technical support services, and FedEx Office, which provides an array of document and business services and retail access to FedEx Express and FedEx Ground shipping services. FedEx was founded in 1971 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 4 of 22
Sector (Transportation) 4 of 19
Type (Add-on Acquisition) 4 of 20
State (Arkansas) 1 of 1
Country (United States) 4 of 10
Year (2000) 1 of 1
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-06 Caliber System

Akron, Ohio, United States

Caliber System Inc. is a provider of value-added transportation, logistics and related information services. Its operating companies include RPS, Inc., a business-to-business non-express package carrier; Viking Freight, Inc., a supplier of regional freight service in the West; Caliber Logistics, Inc., a contract logistics provider; Roberts Express, Inc., a critical-shipment carrier; and Caliber Technology, Inc., a producer of system-wide information services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-30 Kinko s

Dallas, Texas, United States

Kinko's is a provider of document solutions and business services. Its global network of offers access to technology for color printing, finishing and presentation services, Internet access, videoconferencing, outsourcing, managed services, Web-based printing, and document management solutions. Kinko's was formed in 1970 and is based in Dallas, Texas.

Buy $2.4B