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At its height, the company possessed over 350 terminals, employing more than 15,000 truck drivers, dock workers, dispatchers and management. Consolidated Freightways was once the nation's number one long-haul trucking company and the 3rd largest-ever US bankruptcy filing, ceasing business in 2002.
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 ...
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In December 2003 Yellow Corporation, at the time the second largest LTL carrier in the US, acquired the largest, Roadway Corporation, for US$1.05 billion. [13] [14] Roadway had been spun off from its former parent, holding company Roadway Services Inc. (RSI), in 1995 and operated as an independent, publicly traded company since then.
By 1994, the company had grown to 525 trailers, 450 tractors, and 1,000 employees in 10 terminals. [4] As it expanded, its revenue grew from $6.9 million in 1984 to $138 million in 1997. This meant it as the 29th largest LTL carrier and 84th largest trucking company overall nationwide by revenue despite its tight regional focus. [7]
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