XPO rumored to buy Conway. That could stir some interest.
who do you think helped pay for this buyout?....guys like me and Steady Eddie staying way too long after the rate cuts!...Wow! 3 Billion!
I wonder if @Ovm ever got his dime?
Since your money will be tightly budgeted ... May I suggest moving your goat herd to Bison , SD . to free-range graze for the Winter ... the Barn will be stocked with extra fire wood to help keep them warm.Oh no!!!! What am I to do? Ha nothing!
I don't see things changing much; they still have to move their expedited freight ...Bounce seems pretty reasonable with the rates....market competitive...All of the acquired operations - Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal - will be rebranded as XPO Logistics.
Yup they got Menlo. A lot of expedite freight comes from Menlo. There are 5 main load boards/transportation management companies that handle expedited freight. NLM, Active On Demand, Menlo Worldwide Logistics, Ryder Integrated Logistics, and Expeditors International. XPO now owns two of them! That is pretty huge! Man how things are starting to change.
Read more: http://www.nasdaq.com/press-release/xpo-logistics-to-acquire-conway-20150909-01409#ixzz3lMjBpSZ7
Until 1983 Conway was part of Consolidated Freightways, I guess the spin offs and mergers are just continuing.
XPO's announced buyout of Con-Way gave my Con-Way stock a nice boost. I don't know if I should sell or ride out XPO's stock for a few years. I also have a Con-Way pension. I'm not sure how this buyout will affect that.