Con-way Freight

Con-way Freight

Con-way headquarters building in Ann Arbor Charter Township, Michigan
Company type	Subsidiary
Industry	Transportation
Founded	1983; 41 years ago (1983)
Defunct	2015
Headquarters	Ann Arbor Charter Township, Michigan
Revenue	US$ 3.247 billion (2011)[1]
Operating income	US$ 119.779 million (2011)[1]
Parent	Con-way, Inc.

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.^[2][3] 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.^[4] 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.^[5]

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.^[6]

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.^[7] On their first day of business the two carriers — which collectively began with 230 employees and 334 trucks, tractors and trailers - handled 113 shipments.^[6]

On September 9, 2015, Con-way Inc. (including Con-way Freight) was acquired by XPO, Inc.^[8] 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.^[9] By May 2017, XPO, Inc. reported that it had completed rebranding of Con-way to XPO, Inc. effectively marking the retirement of the brand.^[10]