Conway bought out by XPO

You're right it probably was the union stuff. I wonder how they're going to deal with Laredo when this all gets finalized. So many questions about every little detail on all the policies and work rules from truck assignments to whether they'll change our handheld software, etc... I wonder if we will even have better or different handhelds.

 

The handheld deal is already in place. Contract signed and money spent. They're supposed to start rolling out in October. I can't see any reason to cancel the contract at this point.

 

I've worked for Con-way truckload for a couple of years now. My husband a few years longer than me.

We drive company teams and stay out 2 to 3 months then go home 5 to 7 days. For a little over 2 yrs now. 1000 to 1200 miles per day.

We don't know how this buyout will effect us so we plan to wait and see. We are looking at other companies just in case we need to apply elsewhere.

I liked working here. Too bad. Maybe things will work out fine.

 

@Barbie Q now THAT is the right attitude to have! Cautiously optomistic.

 

If things don't work out for you guys you and your husband could bring in about a thousand to $1,200 a day working for power fuels in Watford City North Dakota working a 12 hour shift together and relaxing for another 12 hours together staying out six weeks and coming home for 10 days...

 

I will research that.
We haven't bought a house and are not under a lease anywhere. Not being tied down to one area is a plus for us right now.

 

An FAQ was posted at my fac in regards to a Q&A held by XPO. It listed things about pensions, etc in short, they have committed to keeping everything the same through 2016. It should be available at all terminals.

 

The FAQ in my opinion is pretty retarded. It says nothing concrete really just general BS about the stock basically. However, yesterday while looking at the filing docs XPO filed it says that from the "Effective Time" of the documents to the SEC (Sep 14th) for the next year wages will remain the same.

Employee Matters. Parent has agreed that, for a period of one year following the Effective Time, it will provide or cause the Surviving Corporation to provide, to each individual who remains employed by Con-way or any of its subsidiaries following the Effective Time (each, a “Con-way Employee”): (i) a base salary or hourly wage rate, as applicable, that is no less favorable than that provided to such Con-way Employee by Con-way or its subsidiaries immediately prior to the Effective Time, and (ii) incentive compensation opportunities (excluding equity-based incentive compensation opportunities) and employee benefits that are substantially similar, in the aggregate, to those provided to similarly situated employees of Parent, in each case, as determined in the sole discretion of Parent.​

http://investors.xpologistics.com/p...9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3

Page 36.

 

Well I figured XPO had their own handhelds or maybe we will use the new handhelds but different software on them. Who knows..

 

I agree. I'm pretty sure their electronics are light years ahead of ours.