Consolidated Freightways (CF), is a United States multinational logistics and LTL shipping service (Less Than Truckload) established on April 1, 1929, in Portland, Oregon, and then moved to Vancouver, Washington. Known as "CornFlakes", Consolidated Freightways is also the founder of the Freightliner truck lanes, now owned by Daimler-Benz. At its peak, the company has more than 350 terminals, employing over 15,000 truck drivers, dock workers, dispatchers and management. Consolidated Freightways was once the nation's number one trucking company and the 3rd largest bankruptcy filing in the US.
Video Consolidated Freightways
Histori
On April 1, 1929, Consolidated Freightways was founded by Leland James as a single-truck LTL operation in Portland, Oregon. The company realizes that growth is expanding rather quickly. James is an innovator, and purchased his power unit from the Freightways Manufacturing Company. Always trying to attract more products on a combination of trucks/trailers, James helps design C.O.E. (Cab Over Engine) cabin unit that the United States has ever seen. The lightweight and short power unit, allows for extra item boxes mounted on the truck truck behind the cabin (single trailer unit). With short cabs, short trailers (raised as doubles) can be extended, allowing more shipments as well. The long legislation was very tight in the 1930s, so if a company had to survive they had to be innovative. In November 1951, Consolidated Freightways went public, opening on the New York Stock Exchange at $ 1.80. The shares were worth $ 38.00/share in 1981. In 1981, CF won a case before the US Supreme Court, Kassel v. Consolidated Freightways Corp. . The court found that Iowa's long restrictions on tractor-trailers violated the Dormant Trade Clause.
In 1983, CF Inc. traveled to regional trucks with Con-Way operators spin off. Consolidated Transport Drivers and dockworkers are consolidated, and the new Con-Way (Con-way Central Express (CCX), Con-way Western Express (CWX), Con-way Eastern Express (CEX), etc.) CF's Teamsters.
On April 3, 1989, CF Inc. bought Emery Air Freight Corp. which combine it with their own AirFreight CF operation and rename it Emery Worldwide. This, along with Menlo Forwarding, is then sold to UPS.
In 1996, Consolidated Freightways, Inc. separates the freight forwarding company CF MotorFreight, creates two separate public companies. Parent company, Consolidated Freightways, Inc. renamed CNF Transportation Inc., which reflects the ticker symbol of the company's stock (CNF). CNF maintains regional Con-Way trucking companies, Emery Worldwide and its growing logistics systems department.
Consolidated Freightways Corporation filed for Chapter 11 bankruptcy on September 3, 2002, and ceased operations.
On April 18, 2006, CNF Transportation re-branded itself under the new name, Con-Way, and remained in operation until October 30, 2015, when they were acquired by Greenwich, CT-based XPO Logistics, Inc.
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Freightliner
In 1939, CF Inc. buy Freightways Manufacturing, and make it as Freightliner Manufacturing. White Motor Company markets and sells excess trucks that the Consolidation does not need, since it is expanded, creating a White/Freightliner name. Consolidation also builds their own trailers, eliminating middlemen and enabling low fixed costs. By buying specialty trucks from the companies they own and building their own trailers, CF is able to have a strategic advantage over its competitors. Due to the deregulation bill passed by Congress in 1980, on July 31, 1981, CF Holdings Company Consolidated Freightways, Inc. sells Freightliner's trucking and freight business to Daimler AG.
See also
- List of companies based in Oregon
References
External links
- CF tribute site (complete with image)
Source of the article : Wikipedia
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