Con-way





























































Con-way, Inc.
Type
 Public
Traded as
NYSE: CNW
Industry
Transportation, distribution
Founded
Portland, Oregon (1929)
as Consolidated Truck Lines
Headquarters Ann Arbor Charter Township, Michigan
Key people
 Leland James (Founder)
Douglas W. Stotlar (President & CEO)
Products
Less than truckload shipping
Full truckload freight
Warehousing
Logistics services
Supply-chain management
Revenue IncreaseUS$ 5.5 billion (2013)[1]
Operating income
 IncreaseUS$ 208.9 million (2013)[1]
Net income
 IncreaseUS$ 99.2 million (2013)[1]
Number of employees
 27,900 (December 2010)
Subsidiaries
Con-way Freight
Menlo Worldwide Logistics
Con-way Truckload
Website Con-way.com

Con-way, Inc. (NYSE: CNW) was an American multinational freight transportation and logistics company headquartered in Ann Arbor, Michigan, United States. With annual revenues of $5.5 billion,[2] Con-way was the second largest less-than-truckload transport provider in North America, with additional operations for global contract logistics, managed transportation, truckload and freight brokerage. The company's services were sold through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide. These operating units provided less-than-truckload (LTL), full truckload and multimodal freight transportation, as well as logistics, warehousing and supply chain management services. Con-way, Inc. and its subsidiaries operated from more than 500 locations across North America and in 20 countries.


On September 9, 2015, Con-way announced it was being acquired by XPO Logistics.[3] The sale was completed on October 30, 2015.[4]




Contents






  • 1 History


  • 2 Company Structure


    • 2.1 Con-way Freight


    • 2.2 Con-way Truckload


    • 2.3 Con-way Enterprise Services


    • 2.4 Menlo Worldwide Logistics


    • 2.5 Con-way Manufacturing




  • 3 References


  • 4 External links





History


Con-way's heritage dated from 1929, when industry pioneer Leland James founded an intercity trucking company in Portland, Oregon. Initially named Consolidated Truck Lines, the company grew from a one-truck operation into one of the largest long-haul carriers in the United States by the early 1980s, and became one of the few freight transportation firms to originate in the West and successfully expand eastward.[5] Consolidated headquarters were moved to the San Francisco Bay Area in the 1950s.


In 1996, Consolidated's unionized long-haul trucking company, CF MotorFreight, was spun off as Consolidated Freightways, Inc.,[6] creating two separate publicly traded companies. Consolidated Freightways, Inc. was renamed CNF Transportation, Inc., reflecting the familiar stock ticker symbol of the company (CNF).


Consolidated Freightways Corporation filed for Chapter 11 bankruptcy on September 3, 2002, and ceased operations.


In 2006, the CNF Transportation changed its name to Con-way, Inc, and the company's NYSE stock ticker was changed from CNF to CNW.


In 2007, Con-way acquired Contract Freighters, Inc. (CFI),[7] a privately held North American truckload carrier based in Joplin, Missouri, in a transaction valued at $750 million. Founded in 1951, CFI operated more than 2,600 tractors and more than 7,000 trailers, with more than 3,000 employees including approximately 2,500 drivers that serve customers throughout North America.


Con-way moved its headquarters from San Mateo, California to Ann Arbor, Michigan in 2011.[8]


On September 9, 2015, Con-way announced it was being acquired by XPO Logistics, and the sale was completed on October 30, 2015.




Con-Way Freight's Headquarters in Ann Arbor, Michigan



Company Structure


Con-way, Inc. was the parent company for five wholly owned subsidiaries:



Con-way Freight


Main article: Con-way Freight

Con-way freight provided less-than-truckload service across North America.



Con-way Truckload


Main article: Con-way Truckload

Con-way Truckload provided full truckload shipping across the United States, Mexico and Canada.



Con-way Enterprise Services


Con-way Enterprise Services was the administrative and information technology division of Con-way, Inc., and was based in Portland, Oregon.



Menlo Worldwide Logistics


Main article: Menlo Worldwide Logistics

Menlo Worldwide Logistics designed and implemented logistics solutions across the globe.



Con-way Manufacturing


Con-way Manufacturing, formerly Road Systems, Inc., was a trailer refurbishing and manufacturing company that supplied trailing equipment to the company’s trucking fleets.



References





  1. ^ abc "2013 Annual Report to Shareholders". Con-way, Inc..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ 2013 Con-way Inc. 2013 Annual Report


  3. ^ http://www.con-way.com/en/about_con_way/newsroom/press_releases/Sep_2015/2015_sep_9


  4. ^ "XPO closes purchase of Con-way; layoffs begin within Con-way system – DC Velocity". www.dcvelocity.com. Retrieved 2017-05-04.


  5. ^ [1]


  6. ^ Consolidated Freightways: Information from Answers.com


  7. ^ Carey, Nick (23 October 2007). "Con-way Profits Fall, Say Competition Hurts Prices". Reuters. Retrieved 5 April 2012.


  8. ^ Q-and-a: Why Con-way Inc. moved its headquarters from Silicon Valley to Ann Arbor area




External links


  • [2]







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