Consolidated Freightways
 | |
| Former type | Public Company |
|---|---|
| Industry | Transportation, distribution |
| Fate | Bankrupted |
| Successor(s) | Con-Way |
| Founded |
Portland, Oregon (1929) as Consolidated Truck Lines |
| Defunct | September 2002 |
| Key people | Leland James (Founder) |
| Products | Truckload shipping |
Consolidated Freightways (CF), founded on April 1, 1929, in Portland, Oregon, by Leland James as Consolidated Truck Lines. The name was later changed in 1939 to Consolidated Freightways Inc.. At one time, CF was the nation's No.1 long-haul trucking company, and 3rd largest upon filing for bankruptcy.
History
In the 1939 CF Inc. started their 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.[1] In 1981, CF won in a case before the U.S. Supreme Court, Kassel v. Consolidated Freightways Corp.. The court found that Iowa's length restriction on tractor-trailers violated the Dormant Commerce Clause.
In 1983, CF Inc. ventured into regional next-day trucking with their non-union start up Con-Way carrier.[2] On April 3, 1989, CF Inc. purchased Emery Air Freight Corp. merging it with their own CF AirFreight operation and renamed it to Emery Worldwide. This, along with Menlo Logistics, was later sold to UPS.[3]
In 1996, Consolidated Freightways, Inc. spun off its national 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). The spin-off, now named Consolidated Freightway Corporation (CFC), had compelling strategic and operational benefits in response to changes in traditional trucking markets, customer distribution patterns, growing competition, technology and public policy issues such as deregulation. These changes increasingly placed the company’s national and regional trucking companies in direct competition with each other. CNF retained the Con-Way (non-union) regional truck companies, Emery Worldwide and a growing logistical systems department.[4]
Consolidated Freightways Corporation (the long-haul trucking company spun off from the parent company in 1996) filed for Chapter 11 bankruptcy on September 3, 2002 and ceased operations.[5][6]
April 18, 2006, CNF Transportation re-branded itself under its Con-Way image and continues in business today.[7]
External links
References
- ↑ Kenneth D. Durr, Philip L. Cantelon (1999). Never Stand Still - a History of CNF Transportation Inc. Rockville, Maryland: Montrose Press. p. 562. LOC 99-74784.
- ↑ Kenneth D. Durr, Philip L. Cantelon (1999). Never Stand Still - a History of CNF Transportation Inc. Rockville, Maryland: Montrose Press. p. 562. LOC 99-74784.
- ↑ Kenneth D. Durr, Philip L. Cantelon (1999). Never Stand Still - a History of CNF Transportation Inc. Rockville, Maryland: Montrose Press. p. 562. LOC 99-74784.
- ↑ Kenneth D. Durr, Philip L. Cantelon (1999). Never Stand Still - a History of CNF Transportation Inc. Rockville, Maryland: Montrose Press. p. 562. LOC 99-74784.
- ↑ "CFC Trust". Archived from the original on 2010-11-20. Retrieved 5 December 2012.
- ↑ New York Times. "Consolidated Freightways Nears Collapse". Retrieved 11 November 2012.
- ↑ Con-Way. "History". Retrieved 11 November 2012.
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