Pricing power and advances in technology are spurring innovation in LTL pricing, encouraging carriers to test out dimensional-weight pricing and other alternatives to class-based tariff rates as they seek more dynamic, flexible pricing models.
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Con-way
Con-way
Con-way Inc. is an American transportation and logistics company that offers services in less-than-truckload (LTL), full truckload and intermodal freight transportation, logistics, warehousing and supply chain management services, and trailer manufacturing. Founded in 1929 with headquarters in Ann Arbor, Michigan, the company reported 2013 revenue of $5.47 billion, down 1.9 percent year-over-year. The company also reported net income of $99.15 million, down 5.4 percent from the previous year’s net income of $104.55 million.
Con-way and its subsidiaries — Con-way Freight, Con-way Truckload, and Menlo Worldwide Logistics — employ 29,500 individuals worldwide and operates in 20 countries across 5 continents. The trucking company operates a fleet of 2,700 tractors and 8,200 trailers. The company also operates 300 freight service centers and 160 warehouses worldwide.
Con-way reported net income in the fourth quarter of 2013 was $11.7 million, slipping 0.9 percent year-over-year from $11.8 million, ending the year in a dip after two previous quarters of growth. The results were in line with the company’s fourth-quarter update, which was issued in mid-January and predicted flat earnings because of problems at subsidiaries Con-way Freight and Menlo Worldwide Logistics.
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Press Releases
13 Nov 2014
Road and city drivers at a FedEx Freight terminal in Newark, N.J., voted against joining the Teamsters union — the second victory for FedEx Freight in four elections.
31 Oct 2014
Higher rates and better utilization of its terminals, trucks and drivers are helping Con-way Freight, the second-largest less-than-truckload carrier, significantly increase profits.
28 Oct 2014
Employees at two Con-way Freight terminals in Southern California rejected the Teamsters while those at another voted for the union. The company could face more elections.
04 Oct 2014
“If it bleeds, it leads,” is a saying in the news industry that means bad news gets higher ratings than good news, and that rang true on JOC.com this past week.
30 May 2014
Trucking companies looking for new ways to attract hard-to-hire drivers are rethinking how they “spec” or order trucks.
07 Feb 2014
Con-way reported net income in the fourth quarter of 2013 was $11.7 million, slipping 0.9 percent year-over-year from $11.8 million...
22 Jan 2014
Menlo Worldwide Logistics has opened a new warehouse in Selangor, Malaysia, as part of its expansion plans.
17 Jan 2014
Trucking and logistics giant Con-way expects fourth-quarter earnings to be flat with year-ago results, citing problems at less-than-truckload carrier Con-way Freight and Menlo Worldwide Logistics.
07 Oct 2013
Menlo Worldwide Logistics has opened a new multiclient warehouse and office facility outside of Brisbane, Australia, in Seventeen Mile Rocks.
01 Aug 2013
Con-way reported its net income in the second quarter of 2013 was $42.9 million, improving from $41.8 million in the second quarter of 2012.
17 Jul 2013
Con-way Freight has improved its Mexico service offering with the introduction of online tracking, a 24-hour customer resource center and new Web tools...
12 Jun 2013
Con-way Freight will raise its less-than-truckload base rates 5.9 percent on average June 24, along with minimum charges and accessorial fees.
07 Jun 2013
Con-way Freight has opened a new service center in Lumberton, N.C.
30 May 2013
Con-way Truckload has purchased 525 new tractors in a replacement cycle that will maintain the full truckload carrier’s 2,700 tractor fleet.
22 May 2013
Con-way Freight will build a new, 96-door freight service center in Fond du Lac, Wis.
01 May 2013
Con-way, the Ann Arbor, Mich.-based trucking operator and logistics provider, on Monday reported first quarter net income
09 Apr 2013
Menlo Worldwide Logistics has established a new distribution center for Fox Head, a California-based sports apparel company, at its Eersel Logistics Centre in the Netherlands to reach the European market.
29 Mar 2013
Menlo Worldwide Logistics has established a 16,000 square meter (about 172,223 square foot) distribution center in Genk, Belgium.
20 Mar 2013
Con-way Freight’s revenue per hundredweight in the first quarter of 2013 is expected to increase about 3.5 percent year-over-year, according to an analysis by Con-way, the less-than-truckload unit’s parent company.
07 Feb 2013
Ann Arbor, Mich.-based freight transportation and logistics company Con-way reported net income in the fourth quarter of 2012 was $11.8 million, plummeting 48.7 percent from $23.0 million in the fourth quarter of 2011.
01 Feb 2013
Con-way Multimodal, a freight brokerage division of Con-way’s operating unit Menlo Worldwide Logistics, has named Corey Bingham as director of business development.
09 Jan 2013
San Mateo, Calif.-based Menlo Worldwide Logistics, a subsidiary of Con-way, today opened a new warehousing and retail distribution management center in Singapore.
01 Nov 2012
Con-way’s net profit dropped 13.1 percent to $25.3 million in the third quarter thanks to lower freight volumes, as well
05 Oct 2012
In an attempt to improve driver retention, Con-way Truckload will raise per-mile pay and reduce to two hours the amount of time drivers must wait at shipper docks before “detention” pay kicks in, the Joplin, Mo.-based company said Friday.
13 Sep 2012
Determining ways to measure the conditions and performance of a national freight work emerged as a top priority for the Transportation Department’s newly formed Freight Policy Council on Thursda
01 Aug 2012
Trucking and logistics giant Con-way increased net profit 42 percent in the second quarter to
08 Jun 2012
02 May 2012
Trucking and logistics giant Con-way more than tripled its net profit in the first quarter, increasing earnings to $25.6 million as revenue ro
12 Apr 2012
Trucking companies hauling less-than-truckload freight should be able to hold onto the pricing power they’ve gained over shippers through 2014 at least, increasing rates and yields in 2012 and 2
03 Feb 2012
Trucking and logistics giant Con-way roared back from the recession last year as its net profit skyrocketed 22-fold from $4 million in 2010 to $88.4 million in 2011.
17 Jan 2012
Sheila Taylor, the former chief financial officer who helped troubled trucking giant YRC Worldwide steer clear of bankruptcy, joined Menlo Worldwide Logistics.
03 Jan 2012
Florida East Coast Railway plans to expand the reach of its intermodal business in 2012, adding a second drayage “relay” station in Georgia and strengthening its partnerships with large U.
05 Dec 2011
Technology provider ModusLink Global Solutions named Tom Nightingale, most recently chief marketing officer at Con-way, president for sales and marketing.
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