CNF Incorporated

[http://www.cnf.com CNF, Inc.] is a Fortune 500 transportation-sector company. The initials do not stand for anything, but are rather a legacy of the company history. CNF began as Consolidated Freightways. In the 1990s, the company moved into other markets, acquiring Menlo Logistics and Emery World Airlines. CF, a union shop, was spun off in 1996 to a standalone entity and CNF, Inc. was formed to hold Menlo, Emery, and a new less-than-truckload non-union firm call Con-Way. Consolidated Freightways operated for several years but ultimately filed for bankruptcy, ceasing operations in 2002 Emery World Airlines had a tumultuous history. After the disastrous acquisition of Purolator and a contentious United States Postal Service contract dispute, EWA suffered two maintenance-related crashes in the 1990s and was grounded by the FAA. In December 2004, CNF sold the unprofitable Emery (rechristened Menlo Forwarding) to UPS for $100 million in cash and $260 million in assumed debt, a considerable loss. As of January 2005, CNF consists of * [http://www.con-way.com Con-Way Transportation Systems], a less-than-truckload and full-truckload transportation company, operating in North America. * [http://www.menlolog.com Menlo Logistics], a third-party logistics and supply chain solutions firm * [http://www.vectorscm.com Vector], a joint venture with GM to form a fourth-party logistics company. The firm is headquartered in Palo Alto, California.

See other meanings of words starting from letter:

C

CA | CB | CD | CE | CF | CG | CH | CI | CJ | CK | CL | CM | CN | CO | CP | CR | CS | CT | CU | CW | CX | CY | CZ |

Words begining with CNF_Incorporated:

CNF_Incorporated