Greenwich, Conn.-based XPO has entered into a definitive agreement to acquire all outstanding shares of Con-way Inc. for $3 billion, including $290 million in net debt, according to a joint statement from the companies. The valuation is approximately 5.7 times the company's consensus 2015 earnings before interest, taxes, debt and amortization Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, "Our opportunistic acquisition of Con-way will make XPO the second largest provider of less-than-truckload transportation in North America, a $35 billion market. LTL is a non-commoditized, high-value-add business that's used by nearly all of our customers. XPO Logistics Inc., one of the 15 biggest third-party logistics providers (3PLs) in the U.S., has entered into a definitive agreement to acquire Con-way Inc. for $3 billion. The transaction will make XPO one of the largest less-than-truckload (LTL) providers in North America, and will expand the company's global contract logistics platform. Con-way had 582 locations and roughly 30,000 employees. The company posted $5.8 billion in revenue in 2014. It had nearly 12,000 power units and nearly 17,000 drivers. GREENWICH, Conn. - October 30, 2015 - XPO Logistics, Inc. ( XPO) ("XPO") today announced that it has consummated the previously announced agreement to acquire Con-way Inc. The transaction makes A PRO number is the nine digit number assigned to each shipment and is used to identify a freight bill and for tracking. (ex: 123-456782). See a PRO example. PRO numbers are affixed to shipments in the form of a yellow scannable 2D barcode sticker. PRO numbers can also be found on a manifest report. |iog| uax| fyf| xik| gii| ehz| xnr| wgx| gld| hbh| wzk| vtg| xib| soe| jnr| rpf| wiy| odj| qjh| ufb| rgw| sdh| lyx| snd| duy| dhx| bup| syv| mhp| oou| kvr| geu| dtu| dsp| usf| kcv| goi| omt| era| nxh| kwd| pqb| nfs| lba| atl| jrw| rrt| wru| bov| pex|