03/11: Is Con-Way the next to fold? Maybe....I wish it was uship.com though
Category: Freight News
Posted by: froglog
Con-way to close 40 U.S. service centers
DETROIT, Nov 3 (Reuters) - Trucking and logistics company Con-way Inc (CNW.N: Quote, Profile, Research, Stock Buzz) said on Monday that it will close 40 of its U.S. service centers, bringing savings of up to $40 million annually.
A company spokesman said Con-way estimated that total job losses could total around 1 percent of its workforce of 20,400. The company said that up to 75 percent of the employees at the locations affected would have the opportunity to work in a different location.
Con-way stressed that it was not exiting any markets and customers would continue to receive the same services.
DETROIT, Nov 3 (Reuters) - Trucking and logistics company Con-way Inc (CNW.N: Quote, Profile, Research, Stock Buzz) said on Monday that it will close 40 of its U.S. service centers, bringing savings of up to $40 million annually.
A company spokesman said Con-way estimated that total job losses could total around 1 percent of its workforce of 20,400. The company said that up to 75 percent of the employees at the locations affected would have the opportunity to work in a different location.
Con-way stressed that it was not exiting any markets and customers would continue to receive the same services.
