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FedEx Completes Acquisition of Watkins Motor Lines

Logistics


Addition of Long-Haul Less-Than-Truckload (LTL) Units Expands Heavyweight Service Portfolio for Customers

FedEx completes acquisition of the LTL operations of Watkins Motor Lines and certain affiliates creating FedEx National LTL and FedEx Freight Canada.
FedEx Corp. announced it has completed the $780 million cash purchase of the LTL operations of Watkins Motor Lines and certain affiliates. A privately held company based in Lakeland, Fla., Watkins Motor Lines is a leading provider of long-haul LTL services with more than $1 billion in annual revenue.

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Railinc Successfully Completes SAS 70 Type II Examination

Railways

Third-Party Assurances Help Customers Meet Sarbanes-Oxley and Other Regulatory Requirements

For the third consecutive year Railinc successfully completed a Statement on Auditing Standards (SAS) 70 Type II examination. More stringent than a Type I examination, the Type II exam includes detailed testing of Railinc internal controls to demonstrate that they are suitably designed and operating effectively.

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Logistics & Shipping News | Transportation News
Sphinx Egypt sits well within Worldwide Project Consortium


Logistics

The Worldwide Project Consortium has welcomed Sphinx Egypt Ltd. Co to its specialist global logistics network.

WWPC General Manager, Kevin Stephens, based in Queensland, Australia, said today (December 11, 2006) Sphinx Egypt, with offices in Cairo and Alexandria, had more than 20 year’s experience delivering outstanding service along the important transport artery between Egypt and Europe.

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