Well I just heard Conway got bought out by XPO for $3 Billion.. just thought id get the ball rolling on the discussion
Conway bought out by XPO
Discussion in 'LTL and Local Delivery Trucking Forum' started by Apd, Sep 9, 2015.
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heyns57 and inandoutoftrouble Thank this.
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MrEd Road Train Member
- Sep 2, 2011
I guess I didn't think XPO was big enough to have that kind of money. Shows what I know!HorseShoe and inandoutoftrouble Thank this.
Freddy57 Road Train Member
- Nov 29, 2013
Wow, that was sudden...should make things interesting.
Bluess Bobtail Member
- Aug 3, 2015
3 Billion cash deal, WOW
Wtf, how does this even happen. Good or bad news for Conway drivers?
Brother in law works for Conway. He just found out about this tonight. Wonder what it will mean for the drivers.
upnorthwpg Road Train Member
Nothing for now. They are a logistics company. Conway will run as a wholly owned subsidiary. It does mean new freight lanes just opened for us though. Here's a statement from the CEO of xpo;
Yea but they had to borrow 2 billion, soooo.. Not sure I'f that's good or bad
inandoutoftrouble and Bluess Thank this.
XFM2013 Light Load Member
- Sep 2, 2014
3 billion is quite a chunk of change.......no changes to report as of our meeting this morning, but does anyone actually expect a corporation to lay out its plan??
More freight lanes and tonnage......business as usual....(for now??)hdcut, inandoutoftrouble, Shaggy and 1 other person Thank this.
double yellow Road Train Member
- Aug 28, 2011
Can't see how it'll be business as usual when the entire Con-Way management team will be shown the door (Stotlar will stay on for a few month as a "consultant")hdcut and inandoutoftrouble Thank this.
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