CONSOLIDATED FREIGHTWAYS INC. A Public Company Industry: Transportation, distribution Fate: Bankrupted Successors: Con-Way Founded: Portland, Oregon (1929) as Consolidated Truck Lines Defunct: September 2002 Key people: Leland James (Founder) Products: LTL (less Than Load) Shipping In 1939 CF Inc. started its own truck manufacturing operation, Freightliner. On July 31, 1981, it sold its truck manufacturing business and the Freightliner brand to Daimler-Benz AG now part of Daimler AG. In 1981, CF won in a case before the U.S. Supreme Court, Kassel v. Consolidated Freightways Corp.. The court found that Iowas length restriction on tractor-trailers violated the Dormant Commerce Clause. In 1983, CF Inc. ventured into regional trucking with its spin off Con-Way carriers. Whereas Consolidated Freightways drivers and dockworkers were unionized, the new Conways (Con-way Central Express (CCX), Con-way Western Express (CWX), Con-way Eastern Express (CEX), etc)[3] were nonunion, creating tense relations with CFs Teamsters. On April 3, 1989, CF Inc. purchased Emery Air Freight Corp. merging it with their own CF AirFreight operation and renamed it Emery Worldwide. This, along with Menlo Forwarding, was later sold to UPS. In 1996, Consolidated Freightways, Inc. spun off its unionized long-haul trucking company, CF MotorFreight, creating two separate publicly traded companies. Parent company, Consolidated Freightways, Inc. was renamed CNF Transportation Inc., reflecting the familiar stock ticker symbol of the company (CNF). CNF retained the Con-Way regional truck companies, Emery Worldwide and a growing logistical systems department. Consolidated Freightways Corporation filed for Chapter 11 bankruptcy on September 3, 2002 and ceased operations. April 18, 2006, CNF Transportation re-branded itself under its Con-Way image and continues in business today
Posted on: Mon, 01 Dec 2014 03:19:29 +0000
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