Con-way Truckload
| Subsidiary | |
| Industry | Transportation |
| Founded | 1951 |
| Headquarters | Joplin, Missouri |
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Key people
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Tim Staroba, SVP |
| Revenue |  US$ 615 million (2011) |
| US$ 34.813 million (2011) |
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| Parent |
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| Website | http://www.cfidrive.com |
Tim Staroba, SVP
Headquartered in Joplin, Missouri, and originally named CFI, Inc., Con-way Truckload was the truckload division of Con-way, Inc. Con-way Truckload was purchased by Canada-based TransForce in late 2016, was set up as an indirect wholly owned subsidiary, and was renamed back to CFI. Publicly traded, TransForce operates across Canada and the United States through its various subsidiaries. With approximately $3 billion in revenue in Truckload, Package and Courier, LTL, and Logistics, TransForce has grown rapidly through a number of acquisitions and Truckload is now its largest segment, representing nearly 50% of its total revenue. CFI represents their largest Truckload company in the US. TransForce’s acquisition strategy of acquiring standalone entities that operate independently, along the lines of Warren Buffett's strategy, has proven to be extremely successful.
As a result of the TransForce transaction, CFI returns to its heritage as a standalone truckload company, with the original name from 1951. CFI was formerly a division of Con-way, Inc. followed by XPO Logistics, offering dry van transportation services using a fleet of long-haul tractors and trailers. CFI provides point-to-point, full truckload, dry van service using single drivers as well as two-person driver teams over long-haul routes—most commonly with each trailer containing only one customer’s goods.
Contract Freighters, Inc (CFI) was founded in Joplin, Mo. in 1951 by Roy Reed and Ursull Lewellan. The company began with one tractor and two trailers, and generated revenues of $12,000 during its first year.
CFI expanded services into Mexico providing through-trailer service since 1985. The first international office opened in 1987 in Monterrey, Mexico. One year later, the first Canadian office opened in Toronto. There are now 37 sales offices and four terminal locations in addition to the headquarters in Joplin, Mo.
Continued and consistent growth led to the expansion of the company’s headquarters in 1993. The 300-acre site is home to the company’s administrative offices, maintenance facilities, wash bay, and local driver services.
Equipment upgrades grew as rapidly as office locations. The first 48-foot trailer was purchased in 1986. Just three years later, the first air-ride trailer was delivered. Con-way Truckload, as CFI, was the first carrier to operate a 100% air-ride fleet.
In 2007, Con-way, Inc. determined that to become a viable commercial truckload company, an acquisition would be necessary to augment its existing truckload business which was built to service the needs of Con-way Freight. To meet this need, Con-way, Inc. acquired Contract Freighters, Inc. (CFI), a privately held North American truckload carrier based in Joplin, Missouri, for $750 million. CFI was an industry leader at the time of acquisition, operating over 2,600 tractors and more than 7,000 trailers, with more than 3,000 employees including approximately 2,500 drivers. Previously, Con-way had been CFI’s largest customer, accounting for six percent of total revenues.
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