Con-way Updates on Company Performance and Future

Con-way was acquired by XPO Logistics in 2015, marking a significant shift in the company's trajectory. This acquisition brought a new level of expertise and resources to the table.

Under the leadership of XPO Logistics, Con-way continued to expand its services, adding new capabilities to its existing portfolio. The company's focus on innovation and customer satisfaction remained a top priority.

Con-way's commitment to sustainability was evident in its efforts to reduce its carbon footprint and improve its environmental impact. The company implemented various initiatives to achieve this goal.

As a result of these efforts, Con-way was able to reduce its greenhouse gas emissions and improve its overall environmental performance.

Con-way has been making headlines in recent years. In 2009, XPO Logistics acquired Con-way in a $3 billion deal.

The company has also been in the news for its preparations for the iceman, with U.S. plants and suppliers getting ready in 2014.

Teamsters have been stepping up their union drive at FedEx Freight and Con-way since 2014.

Con-way has also been recognized for its environmentally friendly practices, with its truckload and Menlo Logistics operations being named 2015 SmartWay Excellence Award Winners by the U.S. EPA.

In 2008, Con-way slashed its outlook due to the battered economy.

Here are some notable achievements of Con-way:

Con-way's financial performance was marked by steady growth in the late 1990s and early 2000s.

The company's revenue more than tripled between 1998 and 2004, increasing from $2.5 billion to $8.8 billion.

Con-way's financial stability allowed it to expand its services and invest in new technologies, positioning the company for future success.

Net income fell 18% at Con-way Inc. in the second quarter, pushed down by weaker results at its less-than-truckload and truckload businesses. This decline in net income was largely due to lower profits in these two areas.

The less-than-truckload and truckload businesses are crucial to Con-way's overall performance. Their weaker results had a significant impact on the company's bottom line.

Con-way's net income dropped 18% in the second quarter, a substantial decrease. This decline will likely have a ripple effect on the company's future financial performance.

The company's second-quarter net income was affected by a combination of factors, including lower profits in its less-than-truckload and truckload businesses.

Freight rates are on the rise, and it's essential to understand the impact on your business. Con-way Freight, a nationwide less-than-truckload carrier, announced a 4.9% general rate increase for noncontractual business, effective October 19.

This increase will affect many companies that rely on Con-way Freight for their shipping needs. Con-way Freight is a significant player in the industry, so this change is worth paying attention to.

The 4.9% rate increase is a substantial change that businesses should factor into their financial planning.

Con-way was acquired by XPO Logistics in 2015, marking a significant shift in the company's history.

Con-way's acquisition by XPO Logistics was a strategic move to expand XPO's presence in the less-than-truckload (LTL) market.

Con-way's LTL business was a major contributor to XPO's revenue growth after the acquisition.

XPO's acquisition of Con-way allowed it to expand its services to include more specialized transportation options.

Con-way's focus on technology and innovation helped drive its growth and success in the industry.

Con-way has had some recent changes in leadership within its Truckload unit. Hank Bartos was appointed as the interim president of its Truckload unit after Joe Dagnese took over as the top post.

Joe Dagnese was named president of Con-way Freight, the company's largest unit, to replace Greg Lehmkuhl who resigned.

Con-way Freight provided less-than-truckload service across North America.

Joseph Dagnese was named president of Con-way Freight, the company's largest unit, to replace Greg Lehmkuhl, who resigned.

Hank Bartos took over as interim president of Con-way's Truckload unit after Joe Dagnese shifted to the top post at Con-way Freight.

Con-way Truckload, later renamed Contract Freighters, Inc. (CFI), offered full truckload shipping across the US, Mexico, and Canada.

Con-way, Inc. was the parent company for five wholly owned subsidiaries. This structure allowed for streamlined decision-making and resource allocation.

The company's organizational chart was designed to facilitate clear lines of communication and accountability.