Company
extends cost-reduction effort at former Con-way Freight operation by shutting
service centers in remote locations
An XPO Logistics
less-than-truckload truck. PHOTO: XPO LOGISTICS INC.
By
PAUL
PAGE
Feb. 4, 2016 1:41 p.m.
ET
XPO Logistics Inc. has closed seven freight terminals in the
former Con-way Inc. trucking network, extending cost reductions at the business
it acquired last fall.
The shutdowns in what
XPO said were remote locations follow the elimination of 190 jobs last week in
what the company said were back-office areas of the former Con-way Freight
less-than-truckload operation, which sells delivery services on trucks for
multiple customers.
“We’re continuing to
migrate to a more efficient LTL organization, with better network efficiency
and greater utilization of our capacity,” XPO said in a statement. “As part of
our planned restructuring, we decided to close seven service centers in remote
areas without exiting any markets.”
The company declined
to identify the locations of the closed terminals.
XPO said shipments
from the customers near the sites would be processed through other, larger
facilities, making those operations more efficient. “All of our LTL customers
have continuity of service during the transition,” the company said.
The $3 billion Con-way
purchase completed last October capped a rapid series of acquisitions in recent
years that have built XPO into a $14 billion operation. XPO Chairman and Chief
Executive Bradley Jacobs has said the company is taking a break from
its buying spree to focus on integrating the businesses it acquired last year,
including Con-way and French trucker Norbert Dentressangle.
Shares in XPO, which
reports full-year 2015 earnings on Feb. 23, were up more than 11% in trading
Thursday, to $24.24.
Write to Paul Page at paul.page@wsj.com
Shares in XPO, which reports full-year 2015 earnings on Feb. 23, were up more than 11% in trading Thursday, to $24.24.
15 comments:
remember people the reason why need union is because we want to stop the violating seniority, unfair productivity standards, favoritism, harassment by management,job security, higher wages, 8 guaranteed hours,affordable health benefits,seniority rights, bad work rules. yes union
Claro si unión
Lumberton?!?!
Did lumberto,nc closed?
Really funny they cut out "190 back office jobs" that were really operations essential positions.
Extra funny that they kept all the management that takes naps, extra-curricular affairs(sleepig around on the job), and provides 0 management functions during their 6-7 work days.
Driver layoffs!
Drivers layoff,what about supervisores???did you know any superviser?
NO BUT 11 PEOPLE WERE LAID OFF. ALL DOCKWORKERS AND 5 DRIVERS. MORE TO COME SOON. THEY ARE RIDDING DRIVERS LEFT AND RIGHT.
PEOPLE THE REASON HE'S NOT SELLING TRUCK-LOAD FOR NOW!! IS SIMPLE BECAUSE OF THE IN AND OUT OF MEXICO AND THE MONEY THAT IT GENERATES OR UNTIL THE CONTRACT RUNS OUT, DON'T KID YOURSELFS HE WILL SELL IT TO GET ALL HIS MONEY BACK AND MORE UNTIL THEN HE WILL KEEP IT.AT LEAST THAT'S WHAT I WOULD DO?
TO PREDICT THE FUTURE WOULD BE IMPOSSIBLE BUT TO PREDICT THE SALE OF A PART COMPANY THAT YOU HAVE THAT YOUR NOT GOING TO NEED BECAUSE YOU ALREADY HAVE ONE, IS POSSIBLY PREDICTABLE? I MEAN WHY WOULD YOU NEED 2 TRUCK- LOADS IN THE 1ST PLACE. AND IT'S JUST A MATTER OF TIME BEFORE HE STARTS CUTTING WASTE AGAIN.
JUST A REMINDER LADIES AND GENTLEMEN IT'S NOT A BLACK OR WHITE THING PEOPLE !!!IT'S ABOUT THE IGNORANCE THAT LIES WITH-IN YOURSELVES HAVING ( UNION REPRESENTATION )
OR A CONTRACT IS JOB SECURITY MY FRIENDS I DARE YOU TO GO ASK YOUR TOP EXECUTIVES
HOW DOES IT FEEL TO HAVE A CONTRACT!! AND SEE WHAT THEY SAY TO YOU?.
! NOOOOO ! PEOPLE THE FIGHT IS NOT AGAINST EACH OTHER, OR TO OUR BROTHERS OR SISTERS,
THE FIGHT IS AGAINST THE COMPANY'S OR THE CORPORATION'S !! BUT LIKE I SAID YOU WILL HAVE IGNORANT AND STUPID PEOPLE ( CUTTING THEIR NOSE TO SPITE THEIR FACES } INSTEAD OF FIGHTING AGAINST THE COMPANY THEIR IGNORANCE IS FIGHTING AMONG THEIR CO-WORKERS
BECAUSE THEY HAVEN'T GOT A DROP OF COMMON MADA-F*******KEN SCENE TO EXCEL OUT OF THEIR OWN HOLE!!! AND UNTIL THEY DO, THEY WILL BE CUTTING THEIR OWN,
F****KEN THROATS !!! SO LITTLE DO THEY REALIZE THEY CAN HAVE IT BETTER, BUT LIKE I SAID THEIR IGNORANT. GOOD LUCK ALL YOU PEOPLE THAT JUST WANT TO COME IN TO WORK AND NOT EXCEL OR TRY TO HAVE MORE OUT OF YOUR JOB OR COMPANY.
PS; I'LL TELL YOU A STORY 2YRS FROM NOW? OR MAYBE YOU'LL SEE IT SOONER THEN YOU THINK GOOD LUCK TO ALL.
HEY WITH THAT $.50 RAISE NOW ALL YOU ASS KISSERS CAN KISS XPO'S ASS OR MAYBE THEY BOUGHT MOST OF THE WEAK MINDS WITH $.50 CENT YET THEIR CUTTING EDGE AND GETTING RID OF PERSONAL AND CLOSING TERMINALS, BUT YET BRAD JACOBS HAS THE AUDACITY TO BUY HIS EMPLOYEES WITH .50 CENTS.
HEY MR JACOBS HOW ABOUT GIVING US A $2.00 RAISE SO WE WON'T HAVE TO VOTE FOR UNION REPRESENTATION.
OH WE'RE SORRY WE, YOU BOUGHT THEM FOR $.50 CENTS THAT'S RIGHT THAT WHY MR JACOBS IS FILTHY RICH. AND ALL OF YOU ARE IGNORENT PEASANTS.
GOOD LUCK WITH YOUR $.50 CENT RAISES.
Perhaps previous XPO management should be asking the workers "who" is worthy of sticking around and actually make contributions for the company good. However, they seem to leave the staff retention and reduction recommendations to the very managers who did little to contribute to better operations. How could they contribute while busy playing Candy Crush, Trivia,or sitting behind closed doors texting and talking on their cell phones.
😃😥 he's a family man remember
Nail on the head right there.
Keep this going please, great job!
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