Con-way

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Con-way, Inc.
Type Public Company
Traded as NYSECNW
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 Increase US$ 5.6 billion (2012)[1]
Operating income Increase US$ 207.9 million (2011)[1]
Net income Increase US$ 88.4 million (2011)[1]
Employees 27,900 (December 2010)
Subsidiaries Con-way Freight
Menlo Worldwide Logistics
Con-way Truckload
Website Con-way.com

Con-way, Inc. (NYSE: CNW) is an American multinational freight transportation and logistics company headquartered in Ann Arbor, Michigan, United States. With annual revenues of $5.6 billion, Con-way is the third largest transportation and logistics company in America, according to the 2013 Fortune 500 list.[2] The company sells its services through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide. These operating units provide 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 operate from more than 500 locations across North America and in 20 countries.

History[edit]

Con-way Inc., traces its heritage from 1929, when industry pioneer Leland James founded an intercity trucking company in Portland, Oregon. Initially named Consolidated Truck Lines, this 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.[3] Consolidated headquarters were moved to the San Francisco Bay Area in the 1950s. Long-haul services were spun off under the name Consolidated Freightways in 1996.[4]

Emery World Airlines had a tumultuous history. After the acquisition of Purolator and a United States Postal Service contract dispute, EWA suffered two maintenance-related crashes in the 1990s and was grounded by the Federal Aviation Administration. In December 2004, CNF sold Emery (rechristened Menlo Forwarding) to UPS for $100 million in cash and $260 million in assumed debt.

Con-way's LTL service is now called Con-way Freight; other components are Menlo Worldwide Logistics, Con-way Truckload and Con-way Multimodal.

On April 18, 2006, the company changed its name from CNF, Inc. to Con-way, Inc, and the company's NYSE stock ticker was changed from CNF to CNW.

In August 2007, Con-way acquired Contract Freighters, Inc. (CFI).[5] Contract Freighters was a privately held North American truckload carrier based in Joplin, Missouri, in a transaction valued at $750 million. Founded in 1951, CFI operates over 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.[6]

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

Company Structure[edit]

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

Con-way Freight[edit]

Con-way freight provides Less-Than-Truckload service across North America.

Con-way Truckload[edit]

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

Con-way Enterprise Services[edit]

Con-way Enterprise Services is the Administrative and Information Technology division of Con-way, Inc. Based in Portland, Oregon.

Menlo Worldwide Logistics[edit]

Menlo Worldwide Logistics designs and implements logistics solutions across the globe.

Con-way Manufacturing[edit]

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

External links[edit]

References[edit]