Con-way
Encyclopedia
Con-way, Inc. is a freight transportation and logistics
company with businesses in less-than-truckload(LTL) and full truckload freight services, truckload brokerage, logistics, warehousing, supply chain management and trailer manufacturing, based in Ann Arbor, Michigan
. Con-way’s services are used by some 400,000 customers. Its operations and subsidiaries employ approximately 28,000 people.
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."
. James, the son of a river pilot, had been successful operating a large retail tire business and later a private inter-city bus company in Portland. Believing that he could find more profits moving freight instead of people, he sold his previous businesses and acquired several local freight companies, and on April 1, 1929, combined them to form Consolidated Truck Lines. Unlike most trucking concerns of the day, CF began as a company rooted in the western United States, and expanded east. In 1939, the corporate name of the company was officially changed to Consolidated Freightways
, Inc. By the 1990s, the company moved into other markets, starting Menlo Worldwide Logistics and acquiring Emery World Airlines
. Consolidated Freightways (CF), a union shop
, was spun off in 1996 to a standalone entity and CNF, Inc. was formed to hold Menlo, Emery, and a new less than truckload
non-union firm named Con-Way. Consolidated Freightways operated for several years but ultimately filed for bankruptcy
, ceasing operations on Labor Day
, September 2, 2002.
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
, Con-way Mexico, Con-way Multimodal
(formerly Con-way Truckload Services), and Con-way Freight-Canada.
Con-way recently acquired Contract Freighters, Inc. (CFI), 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.
sport in 2006, announcing the sponsorship of the #60 Craftsman Truck Series
Toyota of Jack Sprague
, scoring two victories.
Wyler Racing
and Con-way Freight jointly announced the extension of Con-way Freight's partnership with the sponsorship of Wyler's No. 60 Con-way Freight Toyota Tundra
in the NASCAR Craftsman Truck Series for the 2007 racing season. Wyler Racing also announced that three-time NASCAR Craftsman Truck Series champion Jack Sprague will be back behind the wheel of the Con-way Freight machine in 2007.
Con-way Freight sponsored the #16 Roush Fenway Racing Ford in the NASCAR
Nationwide Series, driven by 2008 NASCAR Camping World Truck Series Raybestos
Rookie-of-the-Year
Colin Braun
in 18 races, plus a run for Rookie of the year.
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
company with businesses in less-than-truckload(LTL) and full truckload freight services, truckload brokerage, logistics, warehousing, supply chain management and trailer manufacturing, based in Ann Arbor, Michigan
Ann Arbor, Michigan
Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. The 2010 census places the population at 113,934, making it the sixth largest city in Michigan. The Ann Arbor Metropolitan Statistical Area had a population of 344,791 as of 2010...
. Con-way’s services are used by some 400,000 customers. Its operations and subsidiaries employ approximately 28,000 people.
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 traces its heritage to Leland James, who in 1929 founded a small regional trucking company in Portland, OregonPortland, Oregon
Portland is a city located in the Pacific Northwest, near the confluence of the Willamette and Columbia rivers in the U.S. state of Oregon. As of the 2010 Census, it had a population of 583,776, making it the 29th most populous city in the United States...
. James, the son of a river pilot, had been successful operating a large retail tire business and later a private inter-city bus company in Portland. Believing that he could find more profits moving freight instead of people, he sold his previous businesses and acquired several local freight companies, and on April 1, 1929, combined them to form Consolidated Truck Lines. Unlike most trucking concerns of the day, CF began as a company rooted in the western United States, and expanded east. In 1939, the corporate name of the company was officially changed to Consolidated Freightways
Consolidated Freightways
Consolidated Freightways , based in Washington State was the 3rd biggest trucking company in the US. In the 1930s they started their own truck manufacturing operation, Freightliner, now part of Daimler AG. In 1989, Consolidated Freightways purchased Emery Worldwide...
, Inc. By the 1990s, the company moved into other markets, starting Menlo Worldwide Logistics and acquiring Emery World Airlines
Emery Worldwide
Emery Worldwide was a cargo airline, once one of the leading carriers in the cargo airline world. Its headquarters were located in Redwood City, California....
. Consolidated Freightways (CF), a union shop
Union shop
A union shop is a form of a union security clause under which the employer agrees to hire either labor union members or nonmembers but all non-union employees must become union members within a specified period of time or lose their jobs...
, was spun off in 1996 to a standalone entity and CNF, Inc. was formed to hold Menlo, Emery, and a new less than truckload
Less than truckload
Less than truckload shipping is the transportation of relatively small freight. The alternatives to LTL carriers are parcel carriers or full truckload carriers. Parcel carriers usually handle small packages and freight that can be broken down in to units less than . Full truckload carriers move...
non-union firm named Con-Way. Consolidated Freightways operated for several years but ultimately filed for bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
, ceasing operations on Labor Day
Labor Day
Labor Day is a United States federal holiday observed on the first Monday in September that celebrates the economic and social contributions of workers.-History:...
, September 2, 2002.
Emery World Airlines
Emery Worldwide
Emery Worldwide was a cargo airline, once one of the leading carriers in the cargo airline world. Its headquarters were located in Redwood City, California....
had a tumultuous history. After the acquisition of Purolator
Purolator
Purolator may refer to:* Purolator Courier, a Canadian courier company* Purolator Filters, a joint venture of Bosch and Mann-Hummel, which distributes the Purolator brand of automotive filtration products...
and a United States Postal Service
United States Postal Service
The United States Postal Service is an independent agency of the United States government responsible for providing postal service in the United States...
contract dispute, EWA suffered two maintenance-related crashes in the 1990s and was grounded by the Federal Aviation Administration
Federal Aviation Administration
The Federal Aviation Administration is the national aviation authority of the United States. An agency of the United States Department of Transportation, it has authority to regulate and oversee all aspects of civil aviation in the U.S...
. In December 2004, CNF sold Emery (rechristened Menlo Forwarding) to UPS
United Parcel Service
United Parcel Service, Inc. , typically referred to by the acronym UPS, is a package delivery company. Headquartered in Sandy Springs, Georgia, United States, UPS delivers more than 15 million packages a day to 6.1 million customers in more than 220 countries and territories around the...
for $100 million in cash and $260 million in assumed debt.
Con-way's LTL service is now called Con-way Freight
Con-way Freight
Headquartered in Ann Arbor, Michigan, Con-way Freight is a less-than-truckload motor carrier utilizing a network of freight service centers to provide regional, inter-regional and transcontinental less-than-truckload freight services throughout North America. The business unit provides...
; other components are Menlo Worldwide Logistics, Con-way Truckload
Con-way Truckload
Headquartered in Joplin, Mo., Con-way Truckload is a division of Con-way, Inc. offering dry van transportation services using a fleet of long-haul tractors and trailers...
, Con-way Mexico, Con-way Multimodal
Con-way Multimodal
Through its relationships with both small and large third-party carriers across the United States, Canada and Mexico, Con-way Multimodal offers shippers access to a broad range of transportation and logistics services with a nationwide network of over 15,000 3rd party carriers...
(formerly Con-way Truckload Services), and Con-way Freight-Canada.
Con-way recently acquired Contract Freighters, Inc. (CFI), a privately held North American truckload carrier based in Joplin, Missouri
Joplin, Missouri
Joplin is a city in southern Jasper County and northern Newton County in the southwestern corner of the US state of Missouri. Joplin is the largest city in Jasper County, though it is not the county seat. As of the 2010 census, the city population was 50,150...
, 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.
Sponsorships
Con-way joined the NASCARNASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...
sport in 2006, announcing the sponsorship of the #60 Craftsman Truck Series
Craftsman Truck Series
The NASCAR Camping World Truck Series is a pickup truck racing series owned and operated by the National Association for Stock Car Auto Racing...
Toyota of Jack Sprague
Jack Sprague
Jack Sprague is a NASCAR Camping World Truck Series driver. He is currently a free agent. Sprague has finished in the top-ten in the points standings almost every year he has raced in the trucks, and won three championships in 1997, 1999, and 2001 while driving for Hendrick Motorsports.-...
, scoring two victories.
Wyler Racing
Wyler Racing
Turn One Racing is a NASCAR Camping World Truck Series team. They currently field the #60 Red Bull/Fuel Doctor USA Chevrolet Silverado for Red Bull development driver Cole Whitt and the #66 GoPro Chevrolet Silverado for Justin Marks...
and Con-way Freight jointly announced the extension of Con-way Freight's partnership with the sponsorship of Wyler's No. 60 Con-way Freight Toyota Tundra
Toyota Tundra
The Toyota Tundra is a full-size pickup truck introduced by Toyota in the year 2000. It was widely considered to be the first full-size import-brand truck built with an American look and feel and a refined V8 engine. The Tundra was eventually nominated for the North American Truck of the Year...
in the NASCAR Craftsman Truck Series for the 2007 racing season. Wyler Racing also announced that three-time NASCAR Craftsman Truck Series champion Jack Sprague will be back behind the wheel of the Con-way Freight machine in 2007.
Con-way Freight sponsored the #16 Roush Fenway Racing Ford in the NASCAR
NASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...
Nationwide Series, driven by 2008 NASCAR Camping World Truck Series Raybestos
Raybestos
Raybestos is a brand of automotive brakes begun in 1902 by Arthur H. Raymond and Arthur F. Law of Bridgeport, Connecticut. In 1906 Raymond and Law invented the woven brake lining, an important innovation in automotive brakes. From 1919-1989 Raybestos brand was manufactured by Raymark Industries,...
Rookie-of-the-Year
NASCAR Rookie of the Year
The NASCAR Rookie of the Year Award is presented to the first-year driver that has the best season in a NASCAR season. Each of NASCAR's national and regional touring series selects a RotY winner each year....
Colin Braun
Colin Braun
Colin Braun is an American racing driver. He currently drives the #51 Ford F-150 Truck for Billy Ballew Motorsports in the NASCAR Camping World Truck Series.-Early career:...
in 18 races, plus a run for Rookie of the year.