was re-incorporated as Central Freight Lines and continued as an independent regional LTL carrier. Acquisition by FedEx In January 1998, Caliber System was acquired by the newly formed FDX Corp., now FedEx Corp, a company formed by Federal Express to serve as a holding company for its express business and its new, Caliber subsidiaries. Following the acquisition, former Caliber subsidiary Roadway Express () took Caliber's place on the Dow Jones Transportation Average. Fate of subsidiaries In the years prior to its acquisition by FedEx, Caliber had already spun off, sold, or shut down several major subsidiaries: Nationwide Carriers, its truckload subsidiary, shut down in 1988 and its operations were absorbed by Viking Roadway Express was spun off as an independent, publicly traded company in 1995. It was acquired by rival Yellow Corp. in 2003 to form Yellow Roadway Corporation. Roadway Global Air was shut down in 1995 and its assets were sold to Burlington Air Express. Spartan Express had been made a subsidiary of Viking in 1990 and was merged into Viking in 1996. Its former operations were shut down in 1997 when Viking pulled out of the southeast. Coles Express had been merged into Viking in 1996 and its former operations were shut down in 1997 when Viking pulled out of the northeast. Central Freight Lines former assets (Viking's central operations) were sold to former Central management in 1997 and resumed independent operations. At the time of its acquisition by FedEx, Caliber had five major subsidiaries remaining: RPS became FedEx Ground in January 2000 complementing FedEx's existing Federal Express courier business. Viking continued until 2002 when it was renamed FedEx Freight West, part of the new FedEx Freight brand along with American Freightways, renamed FedEx Freight East. With the 2006 acquisition of Watkins Motor Lines, all three were integrated into a single entity, FedEx Freight. Roberts remained focused on same-day-critical trucking services and was renamed FedEx Custom Critical in January 2000. Caliber Logistics and Caliber Technology were merged to form FedEx Global Logistics shortly after the acquisition. See also Trucking industry in the United States History of the trucking industry in the United States Package delivery in the United States FedEx Express References 1998 mergers and acquisitions Companies based in Akron, Ohio Logistics companies of the United States Trucking companies of the United States Transportation companies based in Ohio 1982 establishments in Ohio American companies established in 1982 Transport