Con-way

Gourmet ice pop maker adopts collaborative cold chain solution to keep profits from melting away due to costly logistics challenges—and takes home a 2018 Alliance Award in the process.

The 33 XPO drivers filing for representation were formerly part of Con-way Freight, the less-than-truckload unit of Con-way, whom XPO acquired in late 2015.

XPO Logistics said has sold its truckload business to TransForce Inc., a Montreal-based transportation and logistics services provider, for roughly $558 million in cash, subject to customary payments.

In an 8-K filing with the Securities Exchange Commission this week, third-party logistics and freight transportation services provider XPO Logistics said it plans to retain the truckload business it acquired through its $3 billion October 2015 acquisition of freight transportation and logistics services provider Con-way Inc.

Fast-growing XPO Logistics, an entity that didn’t even exist five years ago, is growing revenue at a faster pace than even the Greenwich, Conn.-based conglomerate expected on the heels of finalizing its $3 billion purchase of Con-way Inc.

Following an announcement made on September 9, when it said it planned to acquire Con-way, an Ann Arbor, Mich.-based provider of transportation and logistics services, including its flagship less-than-truckload group Con-way Freight, Con-way Truckload, and its global 3PL unit Menlo Logistics, for $3 billion, non asset-based 3PL XPO Logistics said today the deal has officially been completed.

LM recently caught up with XPO Logistics Chairman and CEO Brad Jacobs to discuss the Con-way deal, market conditions, and future plans.

On the heels of announcing it plans to acquire freight transportation and logistics services provider Con-way Inc. for $3 billion, XPO Logistics may be considering selling off Con-way Truckload, the company’s truckload arm.

The era of driverless trucks – or autonomous vehicles, as they are known euphemistically – may be a lot closer to reality than many people think.

Even though the impact of the difficult winter weather could not be overlooked, transportation and logistics services provider Con-way said in its first quarter earnings release today that things are heading in the right direction.

Menlo Worldwide Logistics LLC, a third-party logistics (3PL) subsidiary of freight transportation services provider Con-way Inc., recently introduced a freight brokerage service in Europe, which is located in Amsterdam at its European headquarters.

Menlo Worldwide Logistics LLC recently announced it has expanded in Malaysia with the opening of the Shah Alam Section 15 warehouse in the city of Selangor.

Con-way Freight, the LTL subsidiary of transportation and logistics services provider Con-way Inc., will implement a 5.9 percent GRI for non-contractual business that will take effect on June 24.

Con-way released an update on first quarter trends at Con-way Freight, its less-than-truckload unit, which it said could collectively reduce Freight’s quarterly operating income by roughly $14 million.

Two subsidiaries of freight and global logistics and transportation service provider Con-way Inc.—Con-way Truckload and Con-way Multimodal—have rolled out a new intermodal service geared towards North American shippers.