| Consolidated Freight Bankruptcy-What does it mean? | | | | TV circuit trying to convince investors that they are |
| Research-Transportation Sector | | | | still in the game and that the merger with roadway |
| What does the Consolidated Freight Bankruptcy really | | | | was a success. Although that is also what HP had |
| mean to you and I? Well; Consolidated Freightways | | | | said with their Compaq Merger and we all know the |
| operated one of the world's largest | | | | reality of that. |
| less-than-truck-load (LTL) transportation networks. | | | | Who wins with CF out of business? Well not |
| The company's highly skilled 20,000 professionals | | | | necessarily anyone, even the customer or shipping |
| specialize in long haul freight transportation | | | | consumer has less choices? Fed Ex Ground and other |
| throughout North America. Many businesses use to | | | | non-union carriers, will pick up the slack and for the |
| ship with CF. This was because of Consolidated | | | | most part already have. CF is leaving Vancouver WA, |
| Freights vast network of 350 terminals and more | | | | HQ and that property was secured by a 225 million |
| than 30,000 over-the-road vehicles, which served | | | | dollar loan from GE Capital and office space and |
| virtually every market in the U.S., Canada and Mexico. | | | | industrial space in that city with the highest |
| Shipments typically move between 500 and 3,000 | | | | unemployment rate in the country is not very good, |
| miles and weigh between 300 and 15,000 pounds. | | | | certainly they are in no real-estate bubble there with |
| Consolidated Freight's core markets were | | | | other lay offs last year from Fishing, Timber, trucking |
| concentrated in North America and include integrated | | | | and steel industries. It is a sad state of affairs, while |
| trucking capabilities to and within Canada, Mexico, | | | | Vancouver WA cannot see a recovery to economic |
| Alaska, Hawaii, Puerto Rico and the Caribbean. In | | | | prosperity anytime soon. CF had a great motto, |
| Canada, CF offers intra-Canadian and inter-Canadian | | | | which we had adapted early on in our company |
| long-haul trucking services with seamless border | | | | nearly 8 years prior. Anything, Anytime, Anywhere |
| crossings into both the U.S. and Mexico. This also | | | | and we added to that list for anybody. So we were |
| means that aliens and non resident truck driver | | | | firm believers in CF and their early vision, history and |
| working for foreign companies will pick up more slack | | | | commitment. |
| causing more of a security risk and greater costs on | | | | With CF's Special Service solutions in transportation |
| cars, parts, furniture, etc to the common man and | | | | they were on the leading edge of the B2B craze of |
| drive up the CPI a tad bit, also it means more | | | | just in time, and with their purchase of Emery |
| non-safe trucks on the road which could run over | | | | Express they had things going well. That was to be |
| and kill your or a family member or friend. | | | | just the beginning for CF. From unpacking and |
| In Mexico, Transports CF Alfri-Loder, commonly | | | | installing computers, to crating a grand piano, to |
| known, as "CF Mexico" is Mexico's largest and most | | | | coordinating the movement of your entire |
| extensive LTL network. CF Mexico serves both | | | | manufacturing plant, CF delivered it's customers |
| intra-Mexico and inter-Mexico clients without | | | | whatever they needed or whatever their customers |
| hand-offs or transfers at the U.S.-Mexico border. CF | | | | needed or demanded, an all in one package, which |
| Primary Services included: Long haul (LTL). CF | | | | today is the industry norm. They would ship direct by |
| specializes in 2-5 day long haul freight transportation | | | | passing where houses and allow the jobbers to get |
| throughout North America, primetime. When freight | | | | commissions and the end customer got it just in time |
| needs to be expedited for instance a tradeshow; | | | | and at a better cost; The Michael Dell concept all the |
| each tradeshow client has a unique blend of | | | | way. They provide such things as; Crating and |
| transportation requirements. Tradeshow freight was | | | | packing services, Set up or disassemble, Blanket |
| CF's highly managed custom service that combined | | | | wrapped air ride, Flatbeds, step decks and lowboys, |
| LTL and Primetime Air services and of course various | | | | Over dimensional and over weight shipment |
| Value-added Options. CF services and deliveries came | | | | movement, Two man inside pickup or delivery, same |
| with an array of value-added options: CF was a | | | | day pickup and delivery- across the street or across |
| leader and a pioneer in the LTL business for over 70 | | | | the country, Pickup or deliver to exactly where |
| years. With that experience comes the confidence to | | | | required. |
| offer a 100% money-back guarantee on their | | | | Not only that but CF offered a comprehensive range |
| Time-Definite Expedited Service; "Just tell us when | | | | of Special Services. CF offered expert Reverse |
| and where" slogan. CF's dedicated employees went | | | | Logistics services and turnkey solutions, managing |
| the extra mile for time-sensitive shipments. CF also | | | | entire return programs or any portion of a return |
| had provided Emergency Services: like, Rescue and | | | | management operation. The Reverse Logistics people |
| recovery from other carriers and Dynamic rerouting | | | | at CF developed customized return management |
| which serves large companies well who need | | | | programs that help businesses reduce expenses, |
| expedited services. There reliability was near 99% | | | | track assets and control costs. CF was able to meet |
| and they had non-stop sleeper expedite teams to | | | | any return management challenge from a basic |
| run 24-7 who are now out of work these people can | | | | one-time program or fully integrated, on-going return |
| easily find jobs with the other heavies such as JB | | | | management plan. CF also offered a complete menu |
| Hunt, Swift, Covenant or Schneider trucking | | | | of Reverse Logistics services, from basic to complex, |
| companies. But the line haulers and day deliveries had | | | | including: on returns for credit like UPS and Product |
| home a night for wife and kids jobs, which are not | | | | recalls & upgrades, Factory warranty service |
| easily replaced and may cause those drivers who lost | | | | programs, Returns for re-calibration & inspection, |
| their job to take an over the road truck job causing | | | | Packaging, palletizing & consolidation, |
| latch key kids and problems with juvenile delinquency. | | | | Documentation management (BOL, haz-mat, |
| Many companies now have former truck drivers their | | | | commercial invoices), o Maintenance & Repairs, |
| star employees with the CF bankruptcy we has an | | | | Reusable containers, Core returns, Special |
| additional 15,500 people are instantly out of work. | | | | requirement pickup & delivery, Product |
| The Union can find some jobs because truck drivers | | | | installation and breakdown, Small Parcel Management, |
| are in demand, except expect more slowing of the | | | | International Management, Expedited (time sensitive) |
| economy in some sectors due to increased fuel | | | | Management. We will miss this company as a shipper |
| consumption and other LTLs to bite the dust; I am | | | | and a friend to the logistics and transportation |
| not nearly as bullish on Yellow Freight as I was a | | | | industry as they were always cutting edge. |
| year ago. Yet their CEO is making the Wall Street | | | | |