Con-way announces CFI is now officially Con-way Truckload

Con-way announces CFI is now officially Con-way Truckload
1/10/08

SAN MATEO, Calif. and JOPLIN, Mo.Nearly five months after Con-way completed its $750 million acquisition of truckload carrier Contract Freighters Inc. (CFI), it announced today that CFI has been officially renamed as Con-way Truckload.

Con-way said in a statement that the new Con-way Truckload is comprised of more than 2,800 tractors, 8,000 trailers, and 3,500 employees. And it added that the unit is expected to generate $500 million in annual revenues. Con-way said this addition to its service linecoupled with Con-way Freight, the companys less-than-truckload unit, and its global third-party logistics unit, Menlo Worldwideequips the company with transportation and logistics services, ranging from first-mile sourcing in Asia or Europe to last-mile delivery in North America.

When the acquisition was first announced in July 2007, LM reported that Con-way President and CEO Douglas W. Stotlar said the impetus for the deal originated from in the wake of the boom in West Coast imports, when Con-way found it lacked the capacity to handle shipments out of the Ports of Long Beach and Los Angeles.
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http://www.logisticsmgmt.com/article/CA6521699.html

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