Module for fedex shipping for drupal 7 I am using Drupal Commerce version 7.

I came across requirement for FEDEX shipping module. I installed it but in it's requirements, uc_quote is missing. I didn't find this module for Drupal 7.

I searched for this but it is supported only in Drupal 6.
uc_quote is a part of the main Ubercart module. You can find it in the directory structure of ubercart at ubercart/shipping/uc_quote. And it is obviously present for Drupal 7 (as part of Ubercart 3.1).
For commerce shipping there is a sandbox project, but I haven't tested it.