Con-way Inc. today announced that its truckload operating unit, Contract Freighters, Inc. (CFI), will now be known as Con-way Truckload. Con-way Inc. completed the $750 million acquisition of the privately held Joplin, Mo.-based international truckload carrier on Aug. 23, 2007.
"The new name communicates that we are truly part of the Con-way organization, and that's an exciting development," said Herb Schmidt, president, Con-way Truckload. "Our integration into Con-way has brought us a larger customer base and, with it, more opportunities for our company and our people."
The new, combined Con-way Truckload forms a business unit of more than 2,800 tractors, 8,000 trailers and 3,500 employees, which is expected to bring in $500 million in annual revenues. The division, combined with Con-way's less-than-truckload (LTL) carrier, Con-way Freight, and global supply chain services provider, Menlo Worldwide Logistics, brings to market extensive capabilities to provide superior transportation and logistics solutions from "first-mile" sourcing in Asia or Europe to "last-mile" delivery in North America.