It employs about 137,000 people and reported sales of $11.5 billion for the fiscal year ending May 31.Ĭaliber, which also provides logistics and related information services, employs about 33,500 employees and contractors.

Sullivan, chairman, president and chief executive for Caliber System, said Caliber’s ``cost competitive, reliable service in the non-express market and use of leading-edge information systems will complement the FedEx brand.″įederal Express provides delivery of 2.9 million items daily in 212 countries. Smith, chairman and chief executive of Federal Express, said in a statement.ĭaniel J. ``This acquisition creates a powerful combination that will propel both companies to new heights,″ Frederick W. It entered the market in 1985 after a customer survey showed there was room for competition with UPS. The Federal-Caliber combination would generate $15 billion a year in revenue and employ 170,000 perople worldwide.Ĭaliber System’s subsidiaries include Roadway Package System Inc., which delivers packages between businesses.

UPS had estimated that it lost 5 percent of its customers and $600 million in revenue during the strike. The deal announced today by the Memphis, Tenn.-based Federal Express comes as Atlanta-based UPS is still feeling some effects from a strike this summer by 185,000 Teamsters. for about $2.4 billion in stock, expanding Federal’s ability to compete with package delivery rivals like United Parcel Service. AKRON, Ohio (AP) _ Federal Express is buying the trucking company Caliber System Inc.

Calibre systems inc.