FedEx Corporation announced that 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, FL, Watkins Motor Lines is a provider of long-haul LTL services. The operations of Watkins Motor Lines and Watkins Canada Express, Watkins' LTL carrier in Canada will be re-branded FedEx National LTL and FedEx Freight Canada, respectively. Re-branding of both operations will begin immediately. (Reuters)