Another big move for XPO with Con-way buy

XPO Logistics has made headlines again with yet another multi-billion dollar acquisition with its recent announcement it had agreed to buy US trucking and logistics company Con-way in a deal that values publicly-listed Con-way at $3 billion. Th e deal is expected to close at the end of October and comes on the heals of XPO’s recent acquisition of French haulage and logistics company Norbert Dentressangle.


XPO Logistics has made headlines again with yet another multi-billion dollar acquisition with its recent announcement it had agreed to buy US trucking and logistics company Con-way in a deal that values publicly-listed Con-way at $3 billion. Th e deal is expected to close at the end of October and comes on the heals of XPO’s recent acquisition of French haulage and logistics company Norbert Dentressangle.

Acquiring Con-way’s large less-thentruckload (LTL) business will make XPO the second-largest LTL provider in North America, after FedEx Freight. Th e acquisition also brings XPO Con-Way’s Menlo Logistics division, which Bradley Jacobs, chairman and chief executive of XPO Logistics described as “another crown jewel in this transaction”.

Menlo, an asset-light top-30 global contract logistics provider with additional lines of business in freight brokerage and managed transportation, serves blue-chip contract logistics customers in verticals such as hi-tech, healthcare and retail, which complements the verticals XPO serves – including aerospace, retail, telecom, agriculture, chemicals and food and beverage.

XPO also also gains additional Asia focus courtesy of Menlo, although Menlo’s presence in Asia is still relatively small but it will never-the-less permit XPO to call itself a truly global contract logistics provider. Menlo’s Asia presence is primarily in China and India, but also Hong Kong, Taiwan, Th ailand, Malaysia, Singapore and Australia. All of the acquired operations – Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal – will be rebranded as XPO Logistics.