CNF combines Emery Worldwide, Menlo Logistics and Vector SCM to form Menlo Worldwide

by Canadian Shipper

CNF Inc. is combining its Menlo Logistics, Emery Worldwide and Vector SCM operations to form Menlo Worldwide.

“Menlo Worldwide is much better positioned to capitalize on the growth prospects of the enormous global supply chain management market than any of the entities on their own,” says Gregory L. Quesnel, president and chief executive officer of CNF.

Menlo Worldwide will have combined annual revenue of three billion, 15,000 employees and more than 200 service centers and operations facilities. Headquarters for Menlo Worldwide will be Redwood City, Ca. Vector SCM headquarters will remain in Novi, Michigan.

John H. Williford, formerly chief executive officer of Menlo Logistics, will head the newly combined companies as president and chief executive officer of Menlo Worldwide. Chutta Ratnathicam, currently chief executive officer of Emery, will return to his former position as chief financial officer of CNF.

“There is a clear trend among companies – from middle market to giant multinationals – to outsource the management of increasingly complex supply chains and logistics services in order to lower costs, reduce inventories, and increase speed, flexibility and efficiency. Menlo Worldwide is ideally positioned to meet this growing demand by combining its air and ocean freight forwarding competencies, its extensive proprietary information systems and a full range of value added supply chain management services including transportation, warehouse, inventory management and customs clearance on a global scale,” said Quesnel.

Emery, now aligned as a division of Menlo Worldwide, will continue to provide full network service and coverage for its North American overnight and deferred services by utilizing a fleet of contract air carriers, as it has done since mid-August. CNF also announced that its certificated airline subsidiary, Emery Worldwide Airlines, would not resume operations. The airline has not been flying since Aug. 13.

Quesnel says that the formation of Menlo Worldwide effectively restructured the CNF portfolio of companies into two basic operating companies, Con-Way Transportation Services and Menlo Worldwide.. He says worldwide network makes more efficient use of deployed assets and better leverages Emery’s global coverage with Menlo and Vector’s leading SCM skills.

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