Xpo sells part of Conway.

xiggi · Oct 31, 2016

That didn't take long.

https://www.google.com/amp/www.wsj....ness-to-transforce-for-558-million-1477598581

Moot · Oct 31, 2016

Saw that coming. 558 million dollars isn't a whole lot compared to the 3 billion Jacobs spent to acquire Con-Way, but its a start!

jelliott · Oct 31, 2016

Word is they are bringing back the CFI name.

Greg · Oct 31, 2016

jelliott said:
Word is they are bringing back the CFI name.

I heard the same thing from one of their drivers.

rollincoal · Oct 31, 2016

That 3 billion payout included a lot more than just the TL division of Conway (CFI). There was talk even back then they were interested in unloading the TL part of it.

akkshole · Nov 1, 2016

They kept the truckload division a yr longer than I expected...and yes they will get their CFI name back...CFI, a Transforce company.

OntarioVanMan · Nov 1, 2016

Now Transforce can feed whatever expedite loads it acquires thru their other company TST Expedite.....

Slo-Ride · Nov 1, 2016

Will CFI not be a US based company? If not both TsT and CFI will/should be restricted to Canadian freight. Correct me if I'm wrong.

OntarioVanMan · Nov 1, 2016

Slo-Ride said:
Will CFI not be a US based company? If not both TsT and CFI will/should be restricted to Canadian freight. Correct me if I'm wrong.

Well I imagine Conway owned the rights to the CFI name.., so those rights could be sold as well

rollincoal · Nov 2, 2016

If a Canadian company has US drivers that's probably all they need to not be in violation of US cabotage regulations. Although they might also be required to have physical bricks and mortar locations as well, I dunno, of course CFI has that covered.

OntarioVanMan · Nov 2, 2016

rollincoal said:
If a Canadian company has US drivers that's probably all they need to not be in violation of US cabotage regulations. Although they might also be required to have physical bricks and mortar locations as well, I dunno, of course CFI has that covered.

Most of the carriers have Canadian division all they do is drop and hook and swap trailers at the border ..

Moot · Nov 2, 2016

rollincoal said:
That 3 billion payout included a lot more than just the TL division of Conway (CFI). There was talk even back then they were interested in unloading the TL part of it.

The 3 billion dollars bought all of Con-Way. That purchase also included Menlo Logistics which is what Jacobs wanted all along. The 3 billion for Con-Way is only a part of the debt load he incurred during his short spending spree. Like I mentioned in post #2, 558 million ain't much but it is a start.