Con-Way completes acquisition
Con-way Inc. said it has completed its $750 million acquisition of Contract Freighters Inc., a privately held North American truckload carrier based in Joplin, Mo.
Con-way said the purchase of the truckload carrier will add 3,000 employees and a fleet of more than 2,600 tractors and 7,000 trailers.
“CFI is a highly strategic acquisition that immediately establishes us as a major player in the truckload market,” said Douglas W. Stotlar, president and chief executive officer of Con-way.
Con-Way completes acquisition