Panther Bought Conway Now??

mrgoodtude · Jul 22, 2006

I got a phone call this morning from a friend that has trucks leased on with Conway Now. He told me that one of his drivers called him this morning to inform him that Conway Now was bought out by Panther as of midnight.

Has anyone heard anything about this?

Mike and Cyn

msblackfoot · Jul 22, 2006

We are leased on with Panther and my husband just called me and said a QC message just went out that Panther bought Conway Now. So I guess you are correct.

dieselphreak2K · Jul 22, 2006

We just got the QC message, it's official. P2 bought Con-Way Now. The message was from Sokolowski(CEO) so I'll believe it. I guess this means that alot of trucks will need new signs.

mrgoodtude · Jul 22, 2006

I went to the Conway-Now website and it is official. There is a letter Con-way sent to their customers and also a letter from Panther.

Mike and Cyn

romoore245 · Jul 22, 2006

This is true we just spent an hour with them on the phone asking any and everything we could think of. So far we like what we're hearing. We have a C unit and havn't been geeting many loads of late so maybe some change was due. They did tell us that if the entire fleet stays with panther it will bring the total up to 1600 trucks. Good luck to everyone weither they stay on or move on.

pairofjacks · Jul 22, 2006

You are right. Go to Panther's sign up site and click. They have a letter posted on the site to all contractors.

jaminjim · Jul 22, 2006

Just got the info on the QC a couple of minutes ago. Is it a good thing or not, only time will tell.

davekc · Jul 22, 2006

Should be a good thing. One less competitor, more coverage and more customers. I don't really see a downside.

Davekc
owner
22 years
PantherII
EO moderator

BonnieMac · Jul 22, 2006

Not sure how this will affect me as a partner carrier with both (E loads), but I'm sure glad I have a good relationship with both companies!

BonnieMac · Jul 22, 2006

Dave, I just noticed that you have been with Panther for 22 years. I have been working with them this past year and really like their organization and how they handle their loads online. Much simpler for me than trying to do check calls into Con-Way. Not to mention Panther pays us MUCH quicker than Conway. I see good things and hopefully more freight for us with Panther.

davekc · Jul 22, 2006

I haven't been with Panther the whole 22 years, but I look forward to the new aquisition. That will bring their fleet up to 1900 trucks.
That is alot of leverage on larger accounts because of their coverage.
I don't believe this will be the last aquisition either.

Davekc
owner
22 years
PantherII
EO moderator

RichM · Jul 22, 2006

Did Panther ever do that IPO offering. I think they were trying to raise $250 million,perhaps they did this to buy Conway. Now will FEDEXCC stay the same or will they look to buy Tri State or some other carrier. With the purchase of Watkins which is primarily a long haul carrier, I see many loads that would have gone on FEDEXCC being diverted to Watkins , with Custom Critical being a feeder and final delivery network.

msblackfoot · Jul 22, 2006

We have been hearing that UPS is looking to aquire a company and get into the expedite game. They have already bought out Overnite. Anybody else heard anything?

davekc · Jul 22, 2006

I think you are right Rich. Fedex has said they are pursuing the LTL market. Panther seems to be concentrating on exclusive use shipments.

Davekc
owner
22 years
PantherII
EO moderator

Moot · Jul 22, 2006

I just got THE PHONE CALL. Guess I'm getting cats on the side of my van. And I was looking forward to the new Con-Way colors. So it goes.

Two wrongs don't make a right, but four cats do?

BonnieMac · Jul 22, 2006

Didn't Con-Way Now just recently change their name to Con-Way Expedite? or is that a different division? Why bother going through all the problems changing your name and THEN selling it? Am I missing something.

LDB · Jul 22, 2006

I see it as a good thing. The one thing that's curious to me is it happened so soon after ConWay changed to much nicer markings for their logo. It will be interesting to see who's next because I don't think it's going to stop with ConWay.

Leo Bricker, 73's K5LDB, OOIDA 677319
Owner, Panther trucks 5507, 5508, 5509
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
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Support the entire Constitution, not just the parts you like.

jaminjim · Jul 22, 2006

I allways thought PII would be a good fit for UPS or the pumkin.

Moot · Jul 22, 2006

You aren't missing anything. It was a corporate decision to change the name. Con-Way Now or Con-Way Expedite is or was just one of many companies under the Con-Way corporate umbrella. All were effected by the name change. But this one got sold.

Turtle · Jul 22, 2006

>And I was looking forward to the new
>Con-Way colors. So it goes.
>

Just had these put on the new van on Wednesday. Pictures were taken, Potter grinned and gushed, everyone rejoyced. And so it goes...