Iconic Freight Forwarding and Road Haulage Group Changes Hands
Friday, October 30, 2015US – As predicted freight brokerage firm XPO Logistics has officially acquired North American road haulage group Con-way in a deal worth $3 billion, a price some investors in the trucking giant thought was under its market value leading to a shareholder filing a lawsuit to halt the takeover. This deal also sees the start of a major rebranding with all of the acquired operations - Con-way Freight, Con-way Truckload, Con-way Multimodal and the freight forwarding arm, Menlo Logistics, now operating under the single global brand of XPO Logistics.
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