The end
Federal Express announced on October 6, 1997 that it was acquiring Caliber System, Inc. for about $2.4 billion in stock, expanding FedEx’s ability to compete with package delivery rivals. The acquisition was finalized in January 1998.
Headquartered in Akron, Ohio, Caliber System’s subsidiaries included Roadway Package System Inc., which delivered packages between businesses; Viking Freight Inc., a regional less-than-truckload carrier serving the western U.S.; Caliber Logistics Inc., a...