Copyright 2007, Traffic World, Inc.
Con-way will look to John G. Labrie to spearhead long-term growth at the $4.2 billion trucking and logistics company''s LTL subsidiary that has been lacking under former President David S. McClimon.
Labrie, the new president of Con-way Freight, was previously senior vice president of strategy and enterprise operations. Labrie will also attempt to differentiate the $3 billion LTL''s service options to provide more value to customers.
"John Labrie has been an exemplary leader throughout his 17-year history with Con-way. His strategic, focused and change-oriented leadership style makes him the ideal executive to leverage our competitive advantages and vigorously take on the marketplace in 2007 and beyond," said Con-way CEO Douglas W. Stotlar.
A Con-way official said McClimon was leaving the company "to pursue other career interests," but a glance at Con-way Freight''s revenue and volume growth since McClimon was named president in 2005 suggests it might not have been his idea to leave.
Second quarter net revenue increased from $695 million in 2005 to $757 million during second quarter 2007, an increase of 8.8 percent. Shipments per day during the same two periods went from 59,000 to 62,000. At the same time, the company''s operating ratio went from 86.3 percent to 90.5 percent.
Labrie is taking over Con-way at a time when LTL pricing is down and capacity is loose - a difficult freight environment that industry experts are predicting won''t get strong again until next year.
"Now more than ever, Con-way Freight is positioned for the future in a market that demands vision, growth and operational excellence," Labrie said. "I am confident that with our hard-working employees and commitment to superior customer service we will reposition the Con-way Freight organization to compete in the evolving market."
Labrie had previously been senior vice president of strategy and enterprise operations for Con-way Inc., and before served as executive vice president of operations for Con-way Transportation Services (now Con-way Freight) since January 2005.
From 2002 to 2005, he served as president and CEO of Con-way Western Express, one of Con-way Transportation Services'' three regional LTL trucking companies.
From 1998 to 2002, he served as vice president of operations for Con-way Western Express with oversight responsibility for the day-to-day operations of its 83 service centers and line-haul operations.
Labrie joined the organization through Con-way Transportation Services'' Business Development Center in 1990 as an account manager from Roadway Express where he served as an operations supervisor. He was promoted to director of line-haul operations for Con-way Central Express in 1995.