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Comments Off on Con-way Multimodal Appoints New President

Con-way Multimodal announced the appointment of Gregory L. Orr as president of the freight brokerage division of Menlo Logistics. He was previously the vice president of operations. In his new role, Orr will be responsible for leading the company’s market growth and strategic development. He will direct financial and operating performance as well as maximize collaborative business opportunities with other Con-way business units. “We are very pleased to have Greg lead our fastest growing division,” said Gary Kowalski, senior vice president and CEO of Menlo Logistics. “His management skills and industry experience will provide the leadership to continue Con-way Mulitmodal’s growth and development.” Orr joined Con-way multimodal in 2008 as the vice president and general manager of the company’s Portland, Ore., operation. He was promoted to vice president of operations in 2010. Prior to working for Con-way, Orr was at Greatwide Dedicated Transport as a vice president of operations. He […]

Global News
Comments Off on Con-way Profit Soars During Third Quarter

The trucking operation Con-way Inc. has reported 2014 third-quarter net income of $45.6 million, or 78 cents per diluted share. This compares to third-quarter 2013 net income of $30.6 million, or 53 cents per diluted share for the Michigan-headquartered company. Operating income was $91.4 million, a 35% percent increase from the $67.7 million earned in the third quarter a year ago. Revenue was $1.5 billion compared to $1.4 billion in the previous-year period. The company’s less-than truckload operation, Con-way Freight, had revenue of $946.3 million, a 5.2% increase from last year’s third-quarter revenue of $899.3 million. Operating income totaled $71.9 million, a 39.4% increase from the $51.6 million earned in the year-ago period. This was due to increased pricing and an improved composition of freight in the network, according to Con-way. Revenue per hundredweight increased 5.3% from the previous-year third quarter while total tonnage was up 0.2% and tonnage per […]

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