XPO Logistics set to make another major buy, this time Con-way

摘要

There are big acquisitions in the transportation and logistics sectors, and then there are really big acquisitions. When it comes to services provider XPO Logistics, its acquisitions are typically among the latter. That was demonstrated once again last month, when XPO said it plans to acquire Con-way, an Ann Arbor, Mich.-based provider of transportation and logistics services, including its flagship less-than-truckload group Con-way Freight, Con-way Truckload, and its global 3PL unit Menlo Logistics. These groups will be rebranded as XPO Logistics, and Con-way President and CEO Doug Stotlar will serve in a limited role as an independent advisor through the first quarter of 2016.