Public | |
Traded as | : 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$ 5.5 billion (2013) |
US$ 208.9 million (2013) | |
US$ 99.2 million (2013) | |
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, 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. The sale was completed on October 30, 2015.
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. 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., creating two separate publicly traded companies. Consolidated Freightways, Inc. was renamed CNF Transportation, Inc., reflecting the familiar stock ticker symbol of the company (CNF).