Con-way

Gourmet ice pop maker adopts collaborative cold chain solution to keep profits from melting away due to costly logistics challenges—and takes home a 2018 Alliance Award in the process.

The 33 XPO drivers filing for representation were formerly part of Con-way Freight, the less-than-truckload unit of Con-way, whom XPO acquired in late 2015.

XPO Logistics said has sold its truckload business to TransForce Inc., a Montreal-based transportation and logistics services provider, for roughly $558 million in cash, subject to customary payments.

In an 8-K filing with the Securities Exchange Commission this week, third-party logistics and freight transportation services provider XPO Logistics said it plans to retain the truckload business it acquired through its $3 billion October 2015 acquisition of freight transportation and logistics services provider Con-way Inc.

XPO Logistics Inc. will keep the truckload trucking unit it acquired with the $3 billion purchase of Con-way Inc. last year after weighing whether to sell it.

XPO Logistics is extending its cost-reduction effort at former Con-way Freight operations by closing service centers in remote locations.

Fast-growing XPO Logistics, an entity that didn’t even exist five years ago, is growing revenue at a faster pace than even the Greenwich, Conn.-based conglomerate expected on the heels of finalizing its $3 billion purchase of Con-way Inc.

Following an announcement made on September 9, when it said it planned to acquire Con-way, an Ann Arbor, Mich.-based provider of transportation and logistics services, including its flagship less-than-truckload group Con-way Freight, Con-way Truckload, and its global 3PL unit Menlo Logistics, for $3 billion, non asset-based 3PL XPO Logistics said today the deal has officially been completed.

Logistics Management Magazine Group News Editor Jeff Berman recently caught up with XPO Logistics Chairman and CEO Bradley Jacobs to discuss XPO Logistics' M&A.

LM recently caught up with XPO Logistics Chairman and CEO Brad Jacobs to discuss the Con-way deal, market conditions, and future plans.

On the heels of announcing it plans to acquire freight transportation and logistics services provider Con-way Inc. for $3 billion, XPO Logistics may be considering selling off Con-way Truckload, the company’s truckload arm.

On the heels of announcing it plans to acquire freight transportation and logistics services provider Con-way Inc. for $3 billion, XPO Logistics may be considering selling off Con-way Truckload, the company’s truckload arm.

When the deal is made official, XPO will become the second-largest North American-based LTL provider, coupled with expanding its global contract logistics platform and capitalizing on synergies from the meshing of Con-way’s managed transportation, truckload, and freight brokerage businesses.

"The Con-way transaction will nearly double our pro-forma full year EBITDA to approximately $1.1 billion and increase our revenue to $15 billion upon closing," XPO CEO Bradley Jacobs said in a statement.

The era of driverless trucks – or autonomous vehicles, as they are known euphemistically – may be a lot closer to reality than many people think.