Watkins Motor Lines is nationwide LTL long-haul carrier and a subsidiary of Watkins Associated Industries. Known for its premium on-time service, the company has a workforce of approximately 10,000 and is one of a handful of trucking companies that has been consistently profitable since obtaining its transcontinental LTL operating authority in 1972.
Watkins Motor Lines was acquired by FedEx on May 16, 2006.
Join Mergr to view all 80 acquisitions of transportation companies in 2006, including 24 acquisitions by private equity firms, and 56 by strategics.
Out of 60 sectors in the Mergr database, transportation ranked 22 in number of deals in 2006. The largest transportation acquisition in 2006 was Progress Rail Services - which was acquired by Caterpillar for $1.0B.
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