M&A Deal Summary

FedEx Acquires Caliber System

On October 6, 1997, FedEx acquired transportation company Caliber System

Acquisition Highlights
  • This is FedEx’s 3rd transaction in the Transportation sector.
  • This is FedEx’s 3rd transaction in the United States.
  • This is FedEx’s 1st transaction in Ohio.

M&A Deal Summary
Date 1997-10-06
Target Caliber System
Sector Transportation
Buyer(s) FedEx
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

FedEx

Memphis, Tennessee, United States
Category Company
Founded 1971
Sector Transportation
Employees306,000
Revenue 87.7B USD (2024)
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 was founded in 1971 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 3 of 22
Sector (Transportation) 3 of 19
Type (Add-on Acquisition) 3 of 20
State (Ohio) 1 of 1
Country (United States) 3 of 10
Year (1997) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-12-16 Tiger International

Los Angeles, California, United States

Tiger International, Inc. is an air freight company based in Los Angeles, California.

Buy $880M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-13 American Freightways

Harrison, Arkansas, United States

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.

Buy $950M
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