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In 2009, Con-way Freight reported revenues of over $2.6 billion. [4] In 2015, Con-way Inc., including Con-way Freight and sibling company Con-way Truckload, was acquired by XPO, Inc., a primarily non-asset logistics company from Greenwich, Connecticut, in a deal worth $3.5 billion. [5]
Con-way, Inc. was an American multinational freight transportation and logistics company headquartered in Ann Arbor, Michigan, United States.With annual revenues of $5.5 billion, [2] 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.
XPO LTL facility in Tomah, Wisconsin, formerly a Con-way Freight terminal XPO is the second largest provider of less-than-truckload services in North America. [ 39 ] [ 40 ] LTL is a freight model which involves shipping smaller quantities of goods for multiple customers at a time. [ 41 ]
XPO Logistics, Inc. Chairman and CEO Brad Jacobs joins Yahoo Finance Live to discuss why the company is spinning off its freight brokerage, European, and intermodal businesses.
Utilizing a roll-up strategy unmatched in freight industry annals for speed, scale, and no shortage of doubters, Jacobs, the founder, chairman and CEO, took XPO in less than nine years from a $150 ...
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CFI was owned by Con-way, Inc. from 2007 to 2015 and known as Con-way Truckload. For a short period between 2015 and 2016, the company was owned by XPO, Inc. and known as XPO, Inc. Truckload . In 2016, it was acquired by Canadian logistics company TFI International who returned it to its pre-2007 operations as a standalone truckload company ...
Consolidated Freightways' drivers and dockworkers were unionized, and the new Con-Way companies (Con-way Central Express (CCX), Con-way Western Express (CWX), Con-way Eastern Express (CEX), etc.) [4] were nonunion, creating tense relations with CF's Teamsters. CEX was the former Penn-Yan Express, and was union, but Conway dissolved the company ...