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Saturday, October 31, 2015

XPO closes purchase of Con-way; layoffs begin within Con-way system

http://www.dcvelocity.com/articles/20151030-xpo-closes-purchase-of-con-way-layoffs-begin-within-con-way-system/

More than 10 percent of workforce is cut at HQ, IT center, source says; rebranding to XPO name takes effect.

By Mark B. Solomon

It wasn't long after XPO Logistics Inc. announced today that it had finalized its $3 billion acquisition of trucking and logistics provider Con-way Inc. that the bloodletting began at Con-way's headquarters in Ann Arbor, Mich., and elsewhere.

XPO will cut more than 10 percent of Con-way's workforce at Ann Arbor and at its Portland, Ore.-based technology center, according to an individual familiar with the situation. Between 2,500 and 3,000 employees work at both locations, the individual estimated. Included in the cuts will be an entire layer of Con-way upper management, whose elimination will save its new owner about $28 million a year; the managerial segment was not adding much value to the organization, according to the individual.

Also on the chopping block is an 80-person group devoted to developing and implementing "lean" management principles, an ambitious efficiency program that Con-way has championed for years. Shortly after the deal was announced in early September, Bradley S. Jacobs, Greenwich, Conn.-based XPO's chairman and CEO, met in Ann Arbor with leaders of the project and came away dubious that the benefits of the work justified the size of the current headcount, according to the individual.

The individual said that Con-way's drivers are likely not included in the layoffs. It is also unclear whether there will be further rounds of cutbacks

Executives who remain with XPO will be required to sign a two-year noncompete agreement, the individual said. The requirement could result in an exodus of top-level employees, who may wish to stay, but may worry they will find their hands tied should they subsequently find opportunities elsewhere in the industry.

The cuts, which had been expected internally for weeks, include employees in administration, operations, sales, and information technology, according to the individual. XPO declined comment other than a statement from Jacobs in announcing the deal's close that "we're moving quickly to eliminate redundancies and leverage our scale to better serve our more than 50,000 customers." At the time the deal was announced, XPO pledged to improve Con-way's operating profit by up to $420 million over the next two years. Part of that will come from cost cuts.

Con-way's four operating divisions—Con-way Freight; truckload carrier Con-way Truckload; third-party logistics-services provider Menlo Worldwide Logistics; and freight broker and intermodal marketing company Con-way Multimodal—have been rebranded as XPO Logistics. Menlo and Con-way Multimodal will be immediately integrated into existing XPO Logistics units operating in identical segments. Con-way Truckload, which as Contract Freighters Inc. was bought by Con-way in 2007 for $750 million and which today might fetch a little more than half that, will likely be sold for what Jacobs believes is the right price. He has said the unit might have value as a hauler of brokered freight.

Jacobs said earlier this month that XPO had received three unsolicited offers for Con-way Truckload. He wouldn't identify the bidders or the price of each offer.

Con-way Freight generates about $3.3 billion in annual revenue, which is more than half of the parent's $5.8 billion in revenue. It is known for providing excellent customer service, but in recent years has struggled to operate efficiently, or as profitably as many investors would like. Con-way Freight has specialized in the premium segment, where time in transit is compressed and service levels are relatively high. However, about three-quarters of LTL traffic moves in slower, more economical services, an area where the unit had little, if any, involvement.

Jacobs said earlier this month the new LTL unit will focus far more on the economy category, and could leverage the network of the former Pacer International, an intermodal provider with a great deal of equipment that XPO acquired in early 2014.

XPO has engaged recruiting firm Spencer Stuart to find a replacement for Joseph M. Dagnese, the head of Con-way Freight, who had been expected to leave the company at the time the deal closed. The complexity of integrating Con-way, and in particular positioning the LTL unit for future success, means that XPO will take its foot off the acquisition brake for at least a year, Jacobs said recently. Through 17 acquisitions in the past four years as well as internal expansion, XPO has gone from a company that didn't exist in late 2010 to a $15 billion firm today.

111 comments:

Anonymous said...

Bye-bye Lean this guy might be smarter than we think

Anonymous said...

LEAN LOL HERE IS AN EXAMPLE PAINTING A CIRCLE AROUND THE GARBAGE CANS JUST SO YOU KNOW WHERE THE GARBAGE CANS BELONG.IN THIS EXAMPLE THE GARBAGE CAN IS NOT WHERE IT IS SUPPOSE TO BE THOSE LEAN TEAMES ARE SURE GOING TO MISS ALL THE OVER TIME THEY RACKED UP .IN LAREDO THEY HAVE THERE OWN PERSONAL BUTLER THAT BRINGS LUNCH MAKES PERSOAL ERANS FOR MANAGEMENT GETING PAID LIKE A DSR MORE THAN 2 YEARS NOW HOPE SOME ONE FROM XPO COME AND CHEAKS UP ALL THE MONEY THEY CAN SAVE BYE COMEING AND CHEAKING ON MANAGEMENT

Anonymous said...

Lean is gone , what else hmmmm I see no Line-haul in the future either ,I bet the cameras will be gone also, how many FOS'S will be gone , see its started so all you it's OK no changes, I say wake up.

Anonymous said...

getting rid of the people at the top who said that Con-way cannot afford a raise

Anonymous said...

Getting rid of lean is the best thing this guy could do!!! Lean was the main cause of Conway's failure,but the jury is still out on everything else pay, Benifits,vacation,retirement,ext...

Anonymous said...

LMFAO yes we have one he is a driver / maintenance with no maintenance license with a desk, and another driver / fuck off duties with a desk . I bet xpo will put a stop to a lot of waistfull spending they all ready started they won't stop until it's done, the line haul drivers skipping around like get out my way I'm better than you not all are like that but most, they will run city with a big cut in pay or be gone ,and I welcome the pay cut and benefits cut also, they should have voted union.

Anonymous said...

Wait till xpo gets the full picture of all the waist at different terminals, I mean since when does a driver get a desk and doesn't drive, yes xpo,gets drivers wages and doesn't break freight, or deliver or pick up freight , a lot of that goes on all over the country, no wonder were not as profitable as we could be.crappie like that will eventually take down a company.

Anonymous said...

XPO cutting and slashing. When do think the next DSR raise is gonna come. Don't hold your breath. The blood letting has started and they're not gonna stop until they get down to the bare bones of this company.

Anonymous said...

But he's a family man he will consider our families when making company decision

Anonymous said...

Lean gone yes !!! Next the safety want to manger drivers get you ass back in the truck we don't need your safety bs your all rats now your gonna pay for all the shit you did against drivers especially in the USB terminal in Fontana here we go you know who you Are !!!!

Anonymous said...

No changes to made for one year , wow that was a quick year.

Anonymous said...

Here in Orlando NOF I can only hope that XPO would look into the waste that is ran pent in conway! I agree 100% with the changes in corporate there is so much waste. Lean? conway has a army of drivers that all they do is implementing lean and don't even drive anymore! In Orlando you have freight operations managers that have a driver as a lead that does his job while he does nothing. 4 drivers at 24.77 an hour that don't even drive anymore that's 200,000 a year + benefits is that really necessary? Then you have the same drivers that every week get 55+ hours every week while 90% of drivers struggle to get 40 hours and all of this goes on nation wide. And while 90 % of all terminals get overtime only a small percentage all in the southern region we get treated like second class citizens is that fair? I can only hope that some of that bloodletting comes to orlando!

Anonymous said...

This is exactly what happened to Viking Freight system in San Jose, FedEx/American Freightway shutdown Viking Frt main office.
And after the change of operations, it got worse, XPO will implement more rules after rules were it will create a system for the drivers to fail.
This system is a system to eliminate old to replace with new young generation for less money, you'll have nothing but yes sir generation...mark my words here brothers, I've seen this before at Viking Frt and will happen to you guys too. 

Anonymous said...

Goog luck trying to find new ,young drivers ,nobody wants to work here.Remember you get what you pay for.

Anonymous said...

Only family he's worried about is his own and Wall Street.

Anonymous said...

That's why XPO has owner operators on call.What's cheaper than having a self owner who's hungry for work.Don't have to pay him a good wage or benefits.All the owner has to do is show up pick up paper work, Hook up and deliver and they get paid.Cheap pay high profit.That my friends is what we in corporate call.Good Business sense...If you people don't like that plan ,well then.You people can hit the road.

Anonymous said...

Where's the Conway dream now?or the Conway guarantees?All we have is the XPO guarantee that nothing will change for a year.I wonder how much value that guarantee has? Can Anyone from Ann Arbor answer the questions?

Anonymous said...

With the decisions this company is making its looking more more likely The union is the best & only option we have

Anonymous said...

I hear they did the same in Knoxville tn

Anonymous said...

I hope Mr. Jacobs is reading this. he needs to know the kind of management he has. These assholes are the reason Conway Failed!! Get rid of them

Anonymous said...

We were told we can not be wearying a Conway hat anymore. only the XPO hat that you were suppose to get. How the hell are you suppose to do that if there just raffling them off. If I was Bradly Jacobs they would all be fired for that!!!

Anonymous said...

Typical Con-way mentality

Anonymous said...


Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "We have an unprecedented opportunity to create value for our customers and investors as a result of the Con-way transaction. We're moving quickly to eliminate redundancies and leverage our scale to better serve our more than 50,000 customers."....

This is what the Xpo's plan is....and some of us are not included in that plan...and for the one"s who are staying well hope you don't mind taking a pay reduction.People just remember corporation don't make high profits by paying well.
October 30, 2015 at 4:33 PM

Anonymous said...


Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "We have an unprecedented opportunity to create value for our customers and investors as a result of the Con-way transaction. We're moving quickly to eliminate redundancies and leverage our scale to better serve our more than 50,000 customers."....

This is what the Xpo's plan is....and some of us are not included in that plan...and for the one"s who are staying well hope you don't mind taking a pay reduction.People just remember corporation don't make high profits by paying well.

October 30, 2015 at 4:33 PM

Anonymous said...

At xpn,the h.r. only showed the video to half the employees,and the t.m.was nowhere around.

Anonymous said...

What's going to happen to overpaid terminal managers who were demoted from FAC'S to small terminals? And what will happen to DOO'S who were demotted as well? Will they continue to.get their high.paying ssalaries eventhough they don't have those positions anymore. I wonder when will Jacobs get to those guys because we have an abundance of these guys here in the southeast region.

Anonymous said...

read up on XPO they have more rules then con-way ever had and the pay is less. if you read between the lines it says that things will stay the same for 2016 then they will look at pay and bennifits so hang on your pay will go down in some places and up in others and we will lose our VVP you will no longer get a raise just to get a raise it will be on merit bassed pay that is how xpo works so all of you guy that did not like con-way or lean or safety you are the ones that will get hurt the most because you are the lazy ones at XPO/ con-way and won't get a raise. for those of us that worked hard and did what was asked of us like lean and safety we will still do great and make o/t because we are'nt afread to do what is asked of us by XPO you give it 3 months and you guys will be crying the blues over XPO.

Anonymous said...

I love XPO. I got a hat and a shirt then they had food for us.Oh man this is great I can't wait to see what else we get? I'm sure XPO has our best interest. I'm sure that when they start cutting wage's and benefits is just so we can work for a stronger company. I'm sure that's why they fired a few people right before the holidays.It's only to make the company better for us.I bet the people who got fired didn't mind giving up their jobs. It's all for the best. Right? Would anyone who got fired like to back me up on this.were just making a better XPO right?WELCOME X CON'S YOU ARE NOW THE NEW IMPROVED LOGISTICS MASTERS.I LOVE XPO .I'm wearing my hat proud and happy.

Anonymous said...

OH MAN THIS RIGHT HERE IS SOME FUNNY SHIT.

R+L Carriers Launches Website Aimed at Laid Off Workers......
Conwaylayoff.com was launched in an effort to reach out to those employees from Con-way who may be displaced by the $3 billion acquisition.Â

While no layoffs were officially announced, during negotiations, XPO management was clear it would eliminate redundancies and look for other ways to "leverage" divisions of the combined companies.

After XPO's purchase of Dublin, Ohio-based Pacer International in March 2014, XPO laid off a number of workers including some top managers, according to the Columbus Dispatch.

R+L Carriers launched Conwaylayoff.com to inform those employees that may have been affected by the merger, of similar opportunities that we have where they may be able to put their skills to work....
Even other companies knew that XPO was going to clean Conway's house and that's just the start of it....HAHAHA I wonder how many are still saying nothing is going to change.XPO is a good thing they have deep pockets.

Anonymous said...

Glad I'm not the only one wearing my xpo hat proudly and willing to cut my wages for a better xpo.

Anonymous said...

Very true at usb we have dsr that don't even drive how is that possible

Anonymous said...

Hello every one hope your haveing a good nite as for myself not so well got layed off last Friday from Portland Oregon . I. Rember when Mr Jacobs came they told us that every one was going to stay Once he got control off every thing look what happens am out in the cold it couldn't be at a worse time the holidays are around the corner who says life is fair take care my x coworkes see you at the unemployment line .

Anonymous said...

Heard drivers across the country are going to stop work after the holidays,any truth to that?hope it happens

M-paler said...

SCM at LHW is pressing drivers on their dwell time. He makes them back their trl. to the dock and load their own pallet jack. That takes time cause they have to get in line and wait their turn. Very frustrating. Somethings got to give. Very pushy.

M-paler said...

Drivers at LHW are being harped on by the SCM about their dwell time. He wants them to get off the yard faster. This is creating a safety issue cause he makes them hook to their trl. and then put it up to the dock and load their own pallet Jack.

Anonymous said...

So I'm just wondering if you people seen the XPO advisors walking around there locations yet? If you seen them,My suggestion is to go home and get started on your resume. because like i said before. the XPO hammer has started to slam down.and XPO is all about leveraging and making cuts to make profit.Just in case some of you need somewhere to apply.OD,ABF,C+L are Hiring for different positions.I would say Fedex to but Fedex is almost as bad as Con-XPO. As for YRC they need to get their shit straightened out.If they get some new leaders to take care of the workers it would be a great place to make a career out of driving. I do believe all of us in this industry need to unite and fight for a better tomorrow. It's up to us though don't n just sit around waiting for change.

Anonymous said...

Change will come when we make it come. Wishing and hoping will get us nowhere, especially in a right to work state. If you want some measure of protection when it comes to having a voice in the work place or job security, YOU MUST ORGANIZE AND FILE FOR CERTIFICATION WITH YOUR TEAMSTERS LOCAL. It is irrelevant who owns the company, you are protected from retaliation by law. No one will ever know whether or not you signed a card and no one will ever know how you voted when election time comes. Alone, you are powerless against the company. Together, you have a chance. Corporations have only ONE PRORITY...profit. IF YOU THINK THEY CARE ABOUT YOU, PLEASE THINK AGAIN. Work stoppages should be reserved for the most severe situations. We have NO IDEA what Mr. Jacobs has planned for us, however, we should prepare for any situation that may arise. The UNION is the only answer. Together we can change the way companies operate here in South Florida and the rest of the country, as well. ORGANIZE NOW!!!

Anonymous said...

At USB mike corbel is pushing DWEL safety first is gone it's already started wake up there going write up and write up until your out of a job need to organize now right now

Anonymous said...

The battle begins at usb they pushed back all the hard start city morning drivers back 30 mins these are drivers that bust out 20-30 stops a day and they spit in your face for a couple bucks this is only the beginning.

Anonymous said...

They pushed back there city start times 30 minutes for what reason at USB ? On to another subject , has anyone seen a decrease in line haul runs , and also city freight as well , I'm betting our line haul will be cut drastically, xpo went from what 170 to 210 million in 2 years from us to 410 million in 2 years , there is no way unless he does away with Line-haul totally and cuts our workforce to bare minimum along with the lowest possible pay he can get out of what's left.

Anonymous said...

Ya'll have to check out truckers board the one's posting that the teamsters was behind xpo buying conway they are ate up with the dumbass, I guessing most on there are anti - union and they are the reason we have trouble getting the teamsters in here they are the one's that need there pay cut and lose there line haul.

Anonymous said...

Here at NLB same thing happing here. All about the DWELL time now. How fast can we get you off the yard, There checking DWELL time at customers too. When you get in how fast you fuel. Its gotten even worse here.

Anonymous said...

Yes I agree USB needs to push back start organizing now it's worst than before time to get together as one it's only going to worst don't wait

Anonymous said...

at NCH the DWEL has gone to another level. News flash XPO your management team in Charlotte has whats coming to them. Dock workers are stepping up and ready to go union. All the food in the world will not stop this movement. A LIST OF POOR MANAGERS I WILL POST SHORTLY.

Anonymous said...

A driver strike is being formed in the south. We now have 3 other trucking company's on board. More info on the way drivers.

Anonymous said...

LADIES AND GENTLEMAN IN 15YRS AT CONWAY MIAMI /NMF WE HAVE NEVER BEEN ABLE TO REACH 1ST PLACE WITHIN A PERIOD OF 2WEEKS WE HAVE GONE FROM #3 IN THE REGION TO #1 IN OUR REGION " WITH 3 ACCIDENTS UN FUCKING BELIEVABLE, IT'S CALLED MANIPULATION OF THE NUMBERS SO MANAGEMENT CAN LOOK GOOD? THE TRUTH IS THAT WE HAVE PROBABLY ALWAYS HAVE BEEN IF NOT CLOSE TO ALWAYS BEEING #1 BECAUSE OF THE EXCEPTIONAL DSR'S WE HAVE IN MIA. I'M NOT SAYING THERE ARE OTHER EXCEPTIONAL DSR'S IN OTHER TERMINALS AND I'M SURE THAT THERE IS, JUST SAYING MIA FOR THE HARD WORK THAT THEY PROVIDE AND PRODUCE TO THE COMPANY AND THIER CUSTOMERS. GOOD LUCK EVERYONE WITH XPO.

Anonymous said...

Who are they, what Terminals? ??

Anonymous said...

It will all stop as soon as we organize these companies can't police there selfs they just keep getting worst we seen it change as we were organizing now with XPO it's starting again blame the workers for all there service failures they refuse to fix the problems just blame us union environment makes for better working conditions

Anonymous said...

It's all in GOD's hands!!!!

Anonymous said...

Word on the street is that ULX was certify today by the NRLB so who's next ??

Anonymous said...

Ulx is certified?

Unknown said...

Where were you corporate kool aid drinkers when us drivers and dock workers started any union activity? Sitting behind your desks singing Conway's praises and drinking the kool aid. Now you corporate fucks got fired and now you look for pitty on our union blog lol bet if you'd known if dsr's or dock workers were going to be fired you wouldn't be on here warning us.

Anonymous said...

Ulx is?

Anonymous said...

XSD WILL FOLLOW WE HAVE THE WORST TERMINAL IN THE SYSTEM MANAGEMENT IS HORRIBLE MOST OF THE SUPERVISORS ARE HORRIBLE VVT IS JOKE I BELIEVE THERE WILL BE A CHANGE POWER

the dark side said...

ULX decision is in the union won on everything.

Anonymous said...

People the company will say anything you want to here just to tell you that it is over with the Union they just don't want you to know the truth behind it all, they will Intimidate you tell you lies and tell you what you want to hear don't be fooled it's what they have to use against you just like the Union Busters they will lie and put fear in you but surly they really know that your in control of your odds and power, that is THE COMPANY'S FEAR AS WELL AS THE UNION BUSTERS because if you WIN they didn't do there jobs and that would Fucken suck Ass!!! I PROMISE YOU WITHIN A SHORT PERIOD OF TIME MANAGEMENT WILL TRY TO FORCE INTIMIDATE AND TRY TO CONVINCE YOU THAT THE UNION IS NO LONGER WITH YOU AND IF YOU BELIEVE THIS THEN YOUR FUCKED ! They will use means necessary to make sure that you believe that the Union is gone remember they can't Intimidate you Disrespect you or Discriminate you, Now is the time to go Union! DO NOT THINK THAT XPO WILL GIVE YOU ANYTHING REMEMBER WHEN YOU WORK YOU GET PAID XPO DOESN'T OWE YOU ANYTHING AND YOU DO NOT OWE ANYTHING TO XPO!!!

Ulx union said...

Ulx this is just the beginning just wait for more complaints and violations by management are next you know who you are

Anonymous said...

I've heard across the country truckers are going on strike, like the movie convoy that would be awesome,we really would show the power people have when they get together.worker trucker dock workers policeman fireman grocery workers taxi drivers bus drivers most importantly soldiers that protect this country, you get my point we are the engine That protect and run this country not the corporations and not the rich low life's that use and abuse the people,and divide us!!!!!

Anonymous said...

Here's what the deals folks all transport companies are raping the American people not one but all look at OldDiminion they work there guys 60 hours with no OT FedEx is able make multi billion dollar acquisitions to purchase other companies and that's with cash not borrowed money If these corporate companies cared anything about there employees they invest money back into them with better benefits and retirement Get wise all its all these slave drivers that make us into sheep it's only to get worse

Anonymous said...

Patrick regional manager in so California he was a teamsters and going to collect union pension but he's say it's only a small one BUT CHECK IT OUT ITS BETTER THAN CONWAY PENSION AFTER 20 years but he'll tell you union is not good wake up stupid

Anonymous said...

Anyone that says having a contract is not needed or important is a liar.Ask yourselves why is it that everyone that works in management or is a vendor has a contract? All this old timers who worked for union jobs have a pension because of the contract they had. What did we have from conway or what are we going to get working for XPO?

Anonymous said...

All this talk about wages, benefits, etc. and no one mentions anything about quality of work life. We spend a great deal of our time at work and it is something to think about. As far as I know ABF is the only good union LTL company to work for. Why do think that is? We definitely want to be well compensated for our work but I for one don't want to run around in poorly maintained equipment delivering damaged freight all the time like YRC. How will unionizing balance out everything? Will will just be trading problems? BTW I thought that the Lean initiative was geared toward problem solving to deliver more value to our customers, thereby grow in our business and benefit all of us. I realize that there is a lot of waste going on but I just don't see what we're going to benefit by going union.

Anonymous said...

XSD 701 XSD 701 XSD 701 XSD 701 XSD 701 EAST BRUNSWICK GET YOUR PENS READY WE DONT NEED THE SUCKUP DRIVERS EVERYONE KNOWS WHO YOU ARE TO THE REAL DRIVERS LETS GET READY TO SIGN THOSE CARDS.

pumpkinsocks said...

If you're worried about having a nice, new truck rather than the benefits of being Union, maybe the union isn't for you. The union is about having job security,
excellent benefits, and having a voice on the job. The equipment isn't the greatest but that's why you have a voice. If you deem the equipment not safe then
you can refuse to drive an unsafe vehicle. Try doing that at a non-Union carrier. I can tell you the grass is greener here until I turn blue but you won't knowit until you see it.

Anonymous said...

Lean program is dead like Conway there is no lean and thT won't hurt anything it was a waste of money

Anonymous said...

XPO has Union terminals lets get it done now it's time to organize

Anonymous said...

Those of you who have never work for Union company you don't know once you educate yourself you will see what they have been doing to you you won't believe how dirty Conway was treating employees and laws their were braking

Anonymous said...

In reply to XSD 701 post. Are you saying that there will be a card signing or some kind of union vote at East Brunswick?

Anonymous said...

Just the 20 minutes they give Linehaul to hook they are stealing at least 10 minutes per hook count how much that is per driver every hook and every drop. I bet if we were to take them to court just on that we would win a settlement on all the money they owe us.conway can steal from its workers because there's no union there and no contract

Anonymous said...

Xpo is going to be giving some red panties to go with that red tee's you girls got on Monday! All talk and no action very few real men left at Con-way #we are xpo.

Anonymous said...

MIAMI TEAMSTER , PEOPLE WAKE UP AND SMELL THE COFFEE, THIS YEAR HAS MADE ME REALIZE WHAT A DIFFERENCE HAVING A UNION MAKES, WE ARE THE UNION, THE TEAMSTERS DON'T HAVE AN OFFICE AT THE SERVICE CENTER, BUT THIS MANAGERS AND SUPERVISORS KNOW THEY CAN'T CROSS THE LINE ANYMORE LIKE THEY USED TO, UNION IS THE ONLY WAY TO GAIN RESPECT, FAIRNESS AND DIGNITY, I'M 100 % UNION.

mo Jones said...

You're right on it brother the union is not coming to Miami,Laredo and los Angeles the union is us standing together to have a voice and job security....WE'RE THE UNION!

Anonymous said...

The 1% and greedy corporations have built an oligarchy off the backs of ALL workers. Tax cuts and loopholes for the rich, billions in subsidies for corporations, and anti-worker laws are all part of a scheme. Time for us to WAKE UP and ORGANIZE.

Anonymous said...

Pat is a liar ask him to go online and show you his pension print out since it is so little he shouldn't mind right don't believe these clowns

Anonymous said...

Just in case you driver's think your save from loosing your job's Here some light reading.Make sure you all read the part about XPO not making money from part of Conway.and to make up for it they'll be sales and more cuts.

>>>>!!!XPO Seen Reaping $520 Million in Sale of Con-way Line-Haul Unit

November 6, 2015 — 11:16 AM PST
analyst estimates value of divestiture
The benefits: cutting debt, easing investors' trucking qualms
XPO Logistics Inc., fresh off the purchase of trucker Con-way Inc., could reap as much as $520 million by selling the new acquisition’s line-haul unit to help pay debt, according to a Bloomberg Intelligence analyst.
A buyer probably would be willing to pay 4.4 times to 5 times the business’s annual earnings before interest, taxes, depreciation and amortization, Bloomberg Intelligence’s wrote in a note on Friday. That would imply a value of $460 million to $520 million for Con-way’s so-called truckload unit, he wrote.
Debt reduction wouldn’t be the only benefit from a divestiture. It also could ease investor concern that Chief Executive Officer Bradley Jacobs was tilting XPO toward being a trucker with its own fleet and away from its roots as a freight broker with relatively few rigs. Con-way, bought for $3 billion, also operates a larger, short-haul trucking business.

Porkeypine. said...

Long haul not line haul.

Anonymous said...

Where's the party bus CON-WAY had? Is it still traveling around with CON-WAY sales account executives entertaining customers? I guess XPO will have to trim out more unnecessary waste from CON-WAY.

Anonymous said...

Everybody in management back each other up when there's a problem and when we need to get a solution though management answer is "I'll look into it " that's the only answer they have when they don't know what to do

Anonymous said...

It's long haul not line haul that might be sold.So we should all start saying our goodbye to that part of XPO. Everything else is ok ,After all there won't be any changes for a year.

Anonymous said...

Good morning my fellow co-workers just so all of you around the region know, MIA/NMF is still #1 with a high racial of 97% of Operation and still holding strong well as far as Manipulation of the numbers well you can all see, in all the year's I've been here this has never happen. But as far as " INTEGRITY " is Concern it is down the drain when last year 1 of our DSR had 2 Accidents and Tardiness a bunch of times and still got employee of the year now if that's not Manipulation of the numbers or the System?? then I don't know what it is, and that's why my friends we are still in the same situation that we are but better now with Respect Dignity and Integrity.
Thank you to the Presentation of the Union.

Anonymous said...

I want to know when is Mr. Jacobs going to visit ULX and clean house we need a new management team

Anonymous said...

Not just ULX. Most of old conway needs managers that know how to treat people like employees and not slaves.

Anonymous said...

Union yes USB

Anonymous said...

There are a lot of management teams that need to be cleaned out!! You hear that Mr. Jacobs!!!

Anonymous said...

OK drivers how slow is it ? In Tulsa ( ltu ) it is real slow , I expect layoffs, Line-haul has dropped significantly day and night , city is real slow they are giving out CC days like candy at Halloween, our line -haul wouldn't be real slow but sub-service I don't need to say anymore about that, besides our line-haul drivers like sub-service they must because they won't do anything about like go union to get them out.

Anonymous said...

Yes nothing to lose keep are pay

Unknown said...

As soon as I heard Conway was selling out. It's like when we drive they say leave yourself and out. I'm exploring my options. I'm gone ride it out till after holiday season is over and it's peace out. My friends say that I don't have no loyalty. The only person I'm loyal to is me and providing for my family. This is 2nd company I been under that sold out and it didn't last 2year's. So peace out Conway/xpo or whatever the hell it is.

Anonymous said...

History is a funny thing...How can some people trade their blue knee pads for red, blue kool aid for red. That's what happens when you have been guzzling the semen to make your life easier! History has shown us that those who follow blindly go down with their protein providers. Good riddance to the top assholes and the cum suckers that worshiped there tiny dicks. I wish that they could have taken the rest of the mindless lean/safety wafer eating yes men with them (who have made this company a living hell for the past 10 years )my condolences to anyone laid off that had no control over their own destiny. Stand up for what is right! Con way has taken a lot over the past and XPO WILL TAKE EVEN MORE! Take your destiny and future into your own hands do it for your family, your self worth. Look at your standard of living 10 years ago or now, how do you see your self in another 10 years ? We need a union fast or history will repeat itself

Teamsters ULX said...

ULX we are ready for contrac , we want to stop violating seniority,unfair productivity standards,favoritism,harassment by management. ,job security,affordable health benefits,guaranteed 8 hours, bad work rules,unsafe working .

Anonymous said...

DITTO/SAME THING AT XSD EAST BRUNSWICK NJ.

Anonymous said...

Laredo Miami what's going on? Any contract talk?

the dark side said...

Miami Will continue negotiations this coming week on November 18-19

ULX TEAMSTER said...

Hey Paul Styers how does it feel to have lost to JR and JP with your false accusations your days are numbered and stop all that lean bs it's over just like your career you should thought about it before you acted hey Mr. Jacobs this is the kind of people that bring moral down at service centers all over the country so get ready cause I can hear that union train coming and it's coming fast

Anonymous said...

I can't stand the LHW manager! They need to fire him!

Teamster ulx said...

Corrupted Manager..Hypocrit....

Watch dog said...

Manager if u have integrity like you always praise in your meetings Then make yourself a favor LEAVE!!!!

Anonymous said...

Ted garcia from Laredo Texas needs to go as well same goes for all his clowns soon xpo will see what kind off people they have and why we went looking for the Union for help his the one that made all this happen when some one from xpo comes and ask him what happed he would probably say I Was Not Aware off what was happening

Anonymous said...

TEAMSTER FROM ULX SAID DON ANDERSON REGIONAL SAFETY SUPERVISOR HAS TO GO HI WAS PART OF THE PAUL STYERS TEAM WITH FALSE ACUSATIONS ON DRIVERS BY REVIEWING CAMDRIVE ON A PARTICULAR DAY ALSO TAKE THE CLOWN WITH YOU JUST TO REMIND YOU LEAN ITS OVER FOR THE LAST TIME HOLD LEAN EVENT AND GET SWI HOW CLEAN SCM OFFICE AND APROVED POSTED BY YOUR DOOR

Anonymous said...

EXPORT 1/ XPOL. 5YRS. 15 1/2 BILLON $ LATER
CF 90 YRS. LATER. ZIPP...
GONE...
CONWAY FRGT.
HIGHWAY TO HELL!
30 YRS. LATER I'AM OUTA HERE

Anonymous said...

This is for all you kiss asses and con-xpo dick suckers.I had posted the xpo wages about a month ago.So here is the new updated wage for all you suckers.
Old posting.
Employer: XPO Logistics
Hourly Rate Range by Job
Job
National Hourly Rate Data
Logistics Coordinator
$12.70
Material Handler
$12.00
Customer Service Representative (CSR)
$13.52
Truck Driver, Heavy / Tractor-Trailer
$24.73
Forklift Operator
$13.49
Country: United States | Currency: USD | Updated: 25 Oct 2015 | Individuals Reporting: 42..

New posting>>>National Hourly Rate Data
Logistics Coordinator
$13.01
Material Handler
$12.00
Customer Service Representative (CSR)
$13.52
Forklift Operator
$11.99
Truck Driver, Light Or Delivery Services
$23.39
Truck Driver, Heavy / Tractor-Trailer
$24.73
Country: United States | Currency: USD | Updated: 7 Nov 2015 | Individuals Reporting: 50
ANYONE SEE THE DIFFERENCE????All of you who believe things are good.well your all suckers..

Anonymous said...

Is this what their payin now? ??

Anonymous said...

That's top pay.The starting wage is lower.and some places won't even get that.and the benefits will be cut down too.

Anonymous said...

Average XPO Logistics hourly pay ranges from approximately $9.50 per hour for Material Handler to $18.00 per hour for Office Coordinator. Salary information comes from 7,409 data points collected directly from employees, users, and jobs on Indeed.

Anonymous said...

Laredo LA and Miami, what's going on?

Anonymous said...

Laredo certified?

Anonymous said...

Rest of us want to know what's happening at organized sic's

SOMEBODY said...

SO LONG CNWY UPPER BIRDBRAIN WASTFUL MNGT, USED SIGNS FOR SALE, LMFAO!!! AT LEAST XPO MNGT HAS TRANSPORTATION BACK GROUND, C YA SAFTEY DEPT AND POINTS, CAMERA'S ETC "HARD BRAKING" IT A SEMI DUMB ASS BOX OF ROCKS! I HAVE MILLION MILES IN THE GHETTO, I WANT A GOLD COOKIE! YA M- FERS. SURE WILL B CRYING THE BLUES WITH XPO NEW RULES TOO GOOD LUCK TO US LABOR'S

SOMEBODY said...

SO LONG CNWY UPPER BIRDBRAIN WASTFUL MNGT, USED SIGNS FOR SALE, LMFAO!!! AT LEAST XPO MNGT HAS TRANSPORTATION BACK GROUND, C YA SAFTEY DEPT AND POINTS, CAMERA'S ETC "HARD BRAKING" IT A SEMI DUMB ASS BOX OF ROCKS! I HAVE MILLION MILES IN THE GHETTO, I WANT A GOLD COOKIE! YA M- FERS. SURE WILL B CRYING THE BLUES WITH XPO NEW RULES TOO GOOD LUCK TO US LABOR'S

Anonymous said...

You hit the nail right on the head brother true words were spoken everyone I hope you all are listening what this person is saying is the truth xpo logistics will cut the line haul soon and start cutting back on everything employee hrs, Line-haul runs, here in the north it's already happening the new guys are getting more hours then the Seniority guy's or the flexibility dsr's are getting away with murder why because ???? Because they get paid cheaper that's why! !!! It's just more money $$$ in xpo's pockets $$$$. When you wake up in the morning put your thinking cap on and go get Union Representation Vote Yes for Union to save your jobs and have a Future. Yes all the Way.

Unknown said...

Will all conway xpo go union

Anonymous said...

Health care deductions are going up just had benefits meeting sign union card get teamsters health care through southwest free free free dugh wake up idiots