Con-way
| Con-way Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1929 |
| resolution | 2015 |
| Reason for dissolution | Takeover by XPO Logistics |
| Seat | Ann Arbor , United States |
| management | Douglas W. Stotlar |
| Number of employees | 10/30 |
| sales | $ 5.81 billion |
| Branch | logistics |
| Website | www.con-way.com |
| As of December 31, 2014 | |
Con-way, Inc. is a US logistics company headquartered in Ann Arbor, Michigan . Until the takeover, Con-way shares were listed on the New York Stock Exchange and included in the Dow Jones Composite Average and Dow Jones Transportation Average stock market indices . The group was active in North and South America, Asia, Europe and Australia. In 2014, Con-way employed a total of around 30,100 people; sales in the same year were around 5 billion US dollars. President and Chief Executive Officer was Douglas Stotlar. Con-way also sponsored NASCAR truck races (in the past, for example, at the Con-way Freight 200 or Craftsman Truck Series ).
history
The company traces its history back to a regional haulage company founded by Leland James in Portland in 1929 . The merger with other acquired companies resulted in the Consolidated Truck Lines , renamed Consolidated Freightways (CF) in 1939 . In the 1990s it expanded into the air freight sector and abroad. In 1996 Consolidated Freightways was spun off from the group and became an independent company. The remaining part of the group became CNF, Inc. with the three subsidiaries Menlo Logistics , Emery World Airlines and the newly founded Con-Way. Consolidated Freightways filed for bankruptcy in 2002. After Emery World Airlines aircraft had two accidents in the 1990s due to maintenance deficiencies, flight operations were prohibited by the regulatory authorities, and in 2004 the line was sold to UPS and renamed. 2006 CNF, Inc. in Con-way, Inc. renamed. In 2007, Con-way took over Contract Freighters, Inc. (CFI). In 2011, Con-way relocated its headquarters from San Mateo, California, to Ann Arbor , Michigan. In September 2015, XPO Logistics announced that it would take over Con-way. The acquisition was completed on October 30, 2015.
Web links
Individual evidence
- ↑ a b Con-way 2014 Annual Report , at www.con-way.com (PDF), accessed on September 28, 2015
- ↑ Why Con-way moved its headquarters from Silicon Valley to Ann Arbor area at www.annarbor.com , accessed September 28, 2015
- ↑ XPO Logistics Acquires Con-way , accessed on February 10, 2018