the union guys will say mis-managementWhat was the actual reason CF filed for bankruptcy in 2002? I know it was pretty sudden, but was it not enough business or is there more to it then that. What do you guys think?
oh..thanks. i could have looked that up, as well, but just didn't. my (for now at least) former job, in fact, i've been out since April of 2014, up till then however, i'd nary see a New Century on my route.New Century's gone too, June, 2014.
http://fleetowner.com/equipment/new-century-transportation-shuts-down
As you can see, nobody really has the answer to that one. Lack of business was not the problem and ABF, Yellow and Roadway (all were still stand alone companies that that time) were all profitable under the same contract. I have worked with former CF employees (as most of us probably have) at ABF. As long as I've been at ABF the company has filled it's employee needs from defunct freight companies, PIE, Preston, CF to name a few. It seemed that every two years or so another company was going out and we recruited two or three of their workers. ().What was the actual reason CF filed for bankruptcy in 2002? I know it was pretty sudden, but was it not enough business or is there more to it then that. What do you guys think?
They couldn't make the fleet insurance payment that month, hence, they folded. In a nutshell..What was the actual reason CF filed for bankruptcy in 2002? I know it was pretty sudden, but was it not enough business or is there more to it then that. What do you guys think?
That's what I remember.They couldn't make the fleet insurance payment that month, hence, they folded. In a nutshell..
They couldn't make the fleet insurance payment that month, hence, they folded. In a nutshell..
which is where the union guys would say..."mismanagement".They couldn't make the fleet insurance payment that month, hence, they folded. In a nutshell..
nope, frankly, i could care less why one company or another goes under.Any of you guys ever read the book Never Stand Still ?it's the story of CF.
What was the actual reason CF filed for bankruptcy in 2002? I know it was pretty sudden, but was it not enough business or is there more to it then that. What do you guys think?
CF didn't go out of business. How so you ask? Well think of Consolidated Freight Ways as still being alive in a sense through Conway Freight when they were spun off from Consolidated Freight-ways back in 1983. How's that you may ask? Well...the new owner of CNW, XPO Logistics, has left in place all the procedures and policies that came w/ Con-Way when they bought them. Hense, through Con-Way Freight and XPO Logistics ...Consolidated Freightways is still alive today.
I beg to differ. ... I lost my job to a bankruptcy. ... consolidated freightways is gone in the usa.... if it were still around I would be still working at the best job I ever had . Con way was spun off as part of them true
... it just a different division. .. nonunion division. ...