| |
 |
 | | 
01-14-2007, 11:17 PM
|  | Never Stand Still | | Join Date: Dec 2006 Location: usa
Posts: 542
| |
Quote:
Originally Posted by CFer  You're partially right longtimeltl, Conway was started by Consolidated Freightways Inc. They were the holding company for all the corporate entities.
After the spin off of Consolidated Freightways Corp from Consolidated Freightways Inc the holding company name was changed to CNF Inc.
To get technical, If it were not for the success of Consolidated Freightways Corp, Consolidated Freightways Inc would have never formed. So, in a roundabout way the profits from Consolidated Freightways Corp were used to form Conway.
I hope this makes sense. | If my memory serves me correctly, Consoidated Freightways Inc. was changed to CNF Inc. in 1965, at which time, CF Trucking became CF Corp.
The startup money for the Conways, and purchase of Emery came for the sale of Freightliner,.
|
01-14-2007, 11:23 PM
|  | Gone But Not Forgotten | | Join Date: Apr 2006 Location: X
Posts: 4,796
| | 
This is right from the Conway home page. In 1966, a new subsidiary, CF AirFreight, Inc., was formed. Starting with a domestic network of only three terminals and sales offices, CF AirFreight operations later grew to a company with $400 million in sales and a network of 125 North American locations providing expedited delivery of air freight shipments to business and industrial customers.
Like CF's air freight business, the company's trucking component also continued to grow throughout the 1970s, and by the end of the decade had more than 300 terminals serving the United States and Canada. With the Motor Carrier Act of 1980, which deregulated the trucking industry, the company received authority to serve all points and places in the United States. Under deregulation, CF expanded its long-haul business, and ventured as well into regional next-day trucking with the start-up of the Con-way carriers in 1983.
In 1989, the company emerged as a diversified global transportation business with the acquisition of Emery Air Freight Corp., which was combined with the company's existing CF AirFreight operation into a new domestic and international air cargo company, Emery Worldwide. Emery emerged as the dominant carrier of heavyweight air cargo in North America, and is a leading international freight forwarder.
In 1990, as more customers needed distribution services beyond traditional trucking and air freight, the company formed Menlo Logistics. With a full range of third-party logistics services, Menlo Logistics has been an industry trendsetter providing warehouse, inventory and transportation management as well as full integration of all links in the supply chain through customized systems and software. Menlo Logistics has been recognized by independent surveys as among the most widely recognized and respected companies in the burgeoning contract logistics field.
Toward the end of 1996, Consolidated Freightways, Inc. spun off CF MotorFreight, its national long-haul motor carrier, creating two separate publicly traded companies. Consolidated Freightways, Inc. was renamed CNF Transportation Inc., reflecting the familiar stock ticker symbol of the company (CNF), which has traded on the New York Stock Exchange since 1965. It has been part of the Dow Jones Transportation Average since 1970.
You can read more here. Just click on "about us" and then click history
Last edited by CFer; 01-14-2007 at 11:27 PM.
|
01-14-2007, 11:28 PM
| | Gone But Not Forgotten | | Join Date: Apr 2006 Location: X
Posts: 4,796
| |
Quote:
Originally Posted by longtimeltl If my memory serves me correctly, Consoidated Freightways Inc. was changed to CNF Inc. in 1965, at which time, CF Trucking became CF Corp.
The startup money for the Conways, and purchase of Emery came for the sale of Freightliner,. | Part of the startup money for Conway and Emery did come from the sale of Freightliner but it was CF money that built Freightliner into what they are today
|
01-15-2007, 12:20 AM
| | Never Stand Still | | Join Date: Dec 2006 Location: usa
Posts: 542
| |
Quote:
Originally Posted by CFer Part of the startup money for Conway and Emery did come from the sale of Freightliner but it was CF money that built Freightliner into what they are today | True, and it all goes back to the trucking co-operative started by Leland James in the late 20's.
You are right CFer, it was all CF money, and Cornbinder is probably correct about what would happen if the Con-Ways went union.
| | |
| Thread Tools | | | | Display Modes |  Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off | | |
All times are GMT -3. The time now is 03:33 AM.
|
