Con-way Freight

{{Short description|Logistics company}}

{{Infobox company

| name = Con-way Freight

| logo = Con-way Freight logo.svg

| image = Con-Way Freight headquarters building Ann Arbor Michigan.JPG

| image_caption = Con-way headquarters building in Ann Arbor Charter Township, Michigan

| type = Subsidiary

| defunct = 2015

| industry = Transportation

| revenue = {{nowrap|{{increase}} US$ 3.247 billion (2011){{Cite web|url=http://www.con-way.com/en/investor_relations/annual_reports/annualreports|title=2011 Annual Report to Shareholders|publisher=Con-way, Inc.|access-date=2009-07-30|archive-url=https://web.archive.org/web/20120218051734/http://www.con-way.com/en/investor_relations/annual_reports/annualreports/|archive-date=2012-02-18|url-status=dead}}}}

| operating_income = {{nowrap|{{increase}} US$ 119.779 million (2011)}}

| parent = Con-way, Inc.

| foundation = {{start date and age|1983}}

| location = Ann Arbor Charter Township, Michigan

}}

Con-way Freight was a less-than-truckload (LTL) motor carrier headquartered in Ann Arbor, Michigan, utilizing a network of freight service centers to provide regional, inter-regional and transcontinental less-than-truckload freight services throughout North America. The business unit provided day-definite delivery service to manufacturing, industrial and retail customers.{{Cite web |url=http://www.con-way.com/en/investor_relations/annual_reports/annualreports/ |title=2008 Con-way Annual Report |access-date=2009-07-30 |archive-url=https://web.archive.org/web/20090318144416/http://www.con-way.com/en/investor_relations/annual_reports/annualreports |archive-date=2009-03-18 |url-status=dead }}[http://www.con-way.com/resources/annual_reports/2009_AR.pdf 2009 Annual Report] Con-way Freight was the largest division of Con-way, Inc. with 16,600 employees, more than 365 operating locations, 16,000 dock doors and 32,750 tractors and trailers. The company was founded by Consolidated Freightways (CF) of Portland, Oregon, as a non-union spinoff, for LTL hauling. In 2009, Con-way Freight reported revenues of over $2.6 billion.[http://www.con-way.com Con-way website] In 2015, Con-way Inc., including Con-way Freight and sibling company Con-way Truckload, was acquired by XPO, Inc., a primarily non-asset logistics company from Greenwich, Connecticut, in a deal worth $3.5 billion.{{cite web |last1=Baskin |first1=Brian |last2=Chao |first2=Loretta |title=XPO Logistics to Acquire Trucker Con-way in $3 Billion Deal |url=https://www.wsj.com/articles/xpo-logistics-to-buy-con-way-1441834011 |website=Wall Street Journal |access-date=16 August 2021 |date=9 September 2015}}

Con-way Freight originated in May 1983 with the launch of Con-way Western Express, with 11 service centers in three western states, followed one month later by the start of Con-way Central Express, with 11 locations in seven Midwest states.[https://www.amazon.com/Legend-Con-way-History-Reliability-Innovation/dp/1932022325 Rodengen, Jeffrey L. (2008) The Legend of Con-way. Write Stuff Enterprises, Inc.]

Con-way was created to provide non-union, regional short-haul service in markets where CF wasn't actively selling its services. The regional companies Con-way Southern Express (CSE), Con-way Central Express (CCX), Con-way Western Express (CWX) and Con-way Eastern Express (CEX) were established as part of this strategy.{{cite web |url=http://www.con-way.com/ |title=Home |website=con-way.com}} On their first day of business the two carriers — which collectively began with 230 employees and 334 trucks, tractors and trailers - handled 113 shipments.

On September 9, 2015, Con-way Inc. (including Con-way Freight) was acquired by XPO, Inc.{{Cite web|url=http://investors.xpo.com/phoenix.zhtml?c=204615&p=irol-newsArticle&ID=2086660|title = XPO Logistics to Acquire Con-way | XPO Logistics, Inc}} Roughly a year later, on October 27, 2016, XPO, Inc. completed the sale of Con-way Truckload, its recently acquired full-truckload division (3,000 tractors, 7,500 trailers, and 29 locations) from Con-way Freight to the Canadian based TFI International for $558 million in cash.{{Cite web|url=http://investors.xpologistics.com/phoenix.zhtml?c=204615&p=irol-newsArticle&ID=2216840|title = Investors | XPO Logistics, Inc}} By May 2017, XPO, Inc. reported that it had completed rebranding of Con-way to XPO, Inc. effectively marking the retirement of the brand.{{cite web |title=XPO Completes LTL Rebranding |url=https://www.ttnews.com/articles/xpo-completes-ltl-rebranding |website=Transport Topics |access-date=16 August 2021 |language=en |date=10 May 2017}}