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Last $42.10 USD
Change Today +0.75 / 1.81%
Volume 1.1M
CNW On Other Exchanges
Symbol
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New York
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As of 4:15 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2211 Old Earhart Road

Suite 100

Ann Arbor, MI 48105

United States

Phone: 734-757-1444

Fax: 734-757-1153

Con-way Inc., together with its subsidiaries, provides transportation, logistics and supply-chain management services for a range of manufacturing, industrial and retail customers. The company's business units operate in regional, inter-regional and transcontinental less-than-truckload (LTL) and full-truckload freight transportation, contract logistics and supply-chain management, multimodal freight brokerage, and trailer manufacturing. Segments The company’s business is divided into three segments: Freight, Logistics, and Truckload. Freight segment The Freight segment consists of the operating results of the Con-way Freight business unit. Con-way Freight is a LTL motor carrier that utilizes a network of freight service centers to provide day-definite regional, inter-regional and transcontinental LTL freight services throughout North America. LTL carriers transport shipments from multiple shippers utilizing a network of freight service centers combined with a fleet of linehaul and pickup-and-delivery tractors and trailers. Freight is picked up from customers and consolidated for shipment at the originating service center. Freight is consolidated for transportation to the destination service centers or other intermediate service centers (referred to as freight assembly centers). At freight assembly centers, freight from various service centers could be reconsolidated for transportation to other freight assembly centers or destination service centers. From the destination service center, the freight is delivered to the customer. LTL shipments weigh between 100 and 15,000 pounds. In 2014, Con-way Freight's average weight per shipment was approximately 1,350 pounds. Logistics The Logistics segment consists of the Menlo Logistics (Menlo) business unit. Menlo develops contract-logistics solutions, which include managing complex distribution networks, and providing supply-chain engineering and consulting, and multimodal freight brokerage services. Menlo's supply-chain management offerings are primarily related to transportation-management and contract-warehousing services. Menlo provides its services using a customer- or project-based approach when the supply-chain solution requires customer-specific transportation management, single-client warehouses, and/or single-customer technological solutions. Additionally, Menlo segments its business based on customer type. Truckload The Truckload segment consists of the Con-way Truckload business unit. Con-way Truckload is a full-truckload motor carrier that utilizes a fleet of tractors and trailers to provide short- and long-haul, asset-based transportation services throughout North America. Con-way Truckload provides dry-van transportation services to manufacturing, industrial and retail customers while using single drivers, as well as two-person driver teams over long-haul routes, with each trailer containing only one customer's goods. On average, Con-way Truckload transports shipments approximately 800 miles from origin to destination. Under its regional service offering, Con-way Truckload transports truckload shipments between 100 and 600 miles, including local-area service for truckload shipments of approximately 100 miles. Con-way Truckload offers ‘through-trailer’ service into and out of Mexico through major gateways in Texas, Arizona and California. For a shipment with an origin or destination in Mexico, Con-way Truckload provides transportation for the domestic portion of the freight move, and a Mexican carrier provides the pick-up, linehaul and delivery services within Mexico. Seasonality In the Freight segment, generally the second and third quarters have the highest business levels while the fourth quarter usually has the lowest business levels. In the Truckload segment, the months of August and October typically have the highest business levels while the month of December usually has the lowest business levels. Regulations The motor-carrier industry is subject to federal regulation by the Federal Motor Carrier Safety Administration (FMCSA), the Pipeline and Hazardous Materials Safety Agency (PHMSA), and the Surface Transportation Board (STB), which are units of the U.S. Department of Transportation. The company is subject to compliance with various cargo-security and transportation regulations issued by the Department of Homeland Security, including regulation by the Transportation Security Administration and the Bureau of Customs and Border Protection. History Con-way Inc. was founded in 1929. The company was incorporated in Delaware in 1958.

 

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