Con-way launches regional truckload offering
By David Hannon -- Purchasing, 10/15/2009 2:00:00 AM
Trucking giant Con-way last month launched a regional truckload offering to the market.
The service will handle short-haul truckload shipments of less than 600 miles, including cartage service for truckload shipments of less than 100 miles. The company also plans to offer drayage services as part of Con-way Truckload Regional.
According to company officials, Con-way is launching the service to target a slice of the truckload market that is seeing better growth than many other sectors of the truckload market today. "About 70% of the freight in the transportation market travels less than 550 miles, and it's a segment that tends to stay healthy even during challenging economic conditions," said Herb Schmidt, president, Con-way Truckload, in a company statement.
Con-way's strategy of aiming equipment at regional markets matches up with trends highlighted by Stifel, Nicolaus & Co. analysts in a recent presentation to investors. "Many large carriers have repositioned equipment from medium- to long-haul markets into regional markets, dedicated markets, drayage markets, and temperature-controlled markets," the analysts said. "Shippers are endeavoring to reduce truckload miles by redesigning supply chains, producing more highly concentrated/more compact/more efficiently packaged products, or shifting freight to other less costly/more sustainable modes when possible."
Con-way launches regional truckload offering
09/13/2009
Now Playing: 