LTL Carrier Profile: Con-Way Freight
Con-Way Freight is the second largest less than truckload (LTL) carrier with approximately $3.3B in sales (estimated 2012). Con-Way Freight has 9.4% of the less than truckload (LTL) market.
Con-Way Freight is the largest of three 3 operating units owned by Con-Way Inc. The other operating units are: Menlo Worldwide Logistics and Con-Way Truckload.
Menlo Worldwide Logistics is Con-Way’s supply chain division. Menlo provides supply chain solutions including: transportation management, warehouse management, and information technology.
Con-Way Truckload has over 2,600 tractors and more than 8,000 trailers. Con-Way Truckload has over 3,500 employees. The truckload division operates in the United States, Canada and Mexico.
Con-Way Inc. is based in Ann Arbor, MI and had $5.58B in revenues in 2012. The 2012 results were 5.5% better than 2011. Con-Way Inc. is traded publicly on the NYSE, stock symbol, CNW.
LTL Carrier Profile: Con-Way History
Con-Way was established in 1929 as Consolidated Truck Lines. The company was founded by Leland James in Portland, Oregon.
Contract Freighters, Inc. (CFI) was founded in 1951. Contract Freighters was based in Joplin, MO and grew to be one of America’s largest truckload carriers. In 2007, Con-Way bought CFI and merged it into Con-Way’s existing truckload addition.
Since Con-Way’s inception there have been a series of name changes, acquisitions, mergers, spin-offs and a bankruptcy. For additional information on Con-Way’s history, click here for Wikipedia’s summary.
Con-Way Inc. officially moved its corporate offices from San Mateo, California. to the Ann Arbor, Michigan in 2011. Con-Way Freight was already located in Ann Arbor. Con-Way Inc. moved from San Mateo because the Silicon Valley location was not an an advantage, and it increased costs.
LTL Carrier Profile: FedEx Equipment & People
Con-Way Freight employs over 21,000 people and owns approximately 33,500 tractors and trailers. Con-Way Freight has 425 service centers.
LTL Carrier Profile: Con-Way Freight Service Area
Con-Way Freight’s service area includes the continental United States, Alaska, Hawaii and Puerto Rico. Con-Way Freight has an excellent on time delivery record, however, LTL shipments are not guaranteed. Con-Way Freight also provides a guaranteed delivery service for additional, small fee