Con-way

Con-way, Inc.

Company type	Public Company
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	US$ 5.6 billion (2012)
Operating income	US$ 207.9 million (2011)
Net income	US$ 88.4 million (2011)
Number of employees	27,900 (December 2010)
Subsidiaries	Con-way Freight Menlo Worldwide Logistics Con-way Truckload
Website	Con-way.com

Con-way, Inc. is an American multinational freight transportation and logistics company headquartered in Ann Arbor, Michigan, United States. The company ranks #450 on the 2013 Fortune 500, making it the third largest transportation and logistics company in America, with annual revenues of $5.6 Billion. The company sells its services through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide. These operating units provide "day-definite" 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.

The company changed its name from CNF, Inc. on 18 April 2006. The initials CNF were the company's previous NYSE stock ticket symbol. Con-way's new symbol is "CNW."

History

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. Consolidated headquarters were moved to the San Francisco Bay Area in the 1950s. Long-haul services were spun off off under the name Consolidated Freightways in 1996.

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.

Con-way acquired Contract Freighters, Inc. (CFI) during August 2007. 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 Charter Township, Michigan in 2011.

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

Company Structure

Con-Way, Inc. is the parent company for 5 wholly-owned subsidiaries:

Con-Way Freight

Con-Way freight provides Less-Than-Truckload Shipping

Con-Way Truckload

Con-Way Truckload provides full truckload shipping.

Con-Way Enterprise Services

Con-way Enterprise Services is the Administrative and Information Technology division of Con-Way, Inc.

Road Systems

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

External links

• Con-way, Inc. Website