waffle man
TB Lurker
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It says on XPO's site that Menlo, Con-way Freight and the Truckload divisions will all be rebranded and operate as XPO Logistics.
It says on XPO's site that Menlo, Con-way Freight and the Truckload divisions will all be rebranded and operate as XPO Logistics.
Well guess we'll have to wait and see how they carry out this plan.
"XPO intends to increase Con-way's annual operating profit by $170 million to $210 million over the next two years through synergies and operational improvements"
http://investors.xpologistics.com/phoenix.zhtml?c=204615&p=irol-newsArticle&ID=2086660
This is an easy fix top heavy lean the fat off the top that we have and they will save double that !! we have a lot of dead weight up top !!
Con-way hats, patches, etc. will become collectors items. Watch for them to start showing up on eBay.
You think so small !!!
Nah. My glass is half full on this.Conway Driver's , bend over and get ready to take it , just like what YRCW did to Holland -Reddway -New Penn - Roadway Driver's after the buy out !!! $$$$ givebacks & vacation takeaways & etc benefits will be history !!!
Nah. My glass is half full on this.
In a way it is. We're so laden with managers of this and that and I believe that's where the plan begins..The " plan " will begin immediately. That's reassuring.
It says on XPO's site that Menlo, Con-way Freight and the Truckload divisions will all be rebranded and operate as XPO Logistics.
Conway Driver's , bend over and get ready to take it , just like what YRCW did to Holland -Reddway -New Penn - Roadway Driver's after the buy out !!! $$$$ givebacks & vacation takeaways & etc benefits will be history !!!
Within 12 months of closing the acquisition, the company expects to realize cost synergies through the following actions:
In the second year, the company expects additional profit improvements by:
- Improving purchasing and supplier management related to facility operations, equipment, fuel, professional services, maintenance, supplies and marketing;
- Leveraging its combined technology infrastructure to reduce Con-way's annual technology spend of $227 million, which is largely outsourced;
- Eliminating duplicative back office and public company costs; and
- Expanding its freight brokerage platform with the integration of Con-way's $200 million brokerage business, to share capacity and data through XPO's proprietary Freight Optimizer technology.
This is a plan. They have been working on this for a while. Greg and his boys knew what was up.
- Reducing its $3.6 billion combined spend on purchased transportation;
- Using the larger flow of data from its combined $2.7 billion of freight under management to identify carriers, assign loads and fill backhauls more efficiently; and
- Utilizing its extensive intermodal network to improve LTL line-haul efficiency.
There it is!