CON-WAY "E"-Commerce Capabilities Ranked First Among L-T-L Carriers; Use Of CON-WAY Web Site Growing At Over 20% Month-Over-Month.Business Editors/Automotive Writers ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(AutomotiveWire)--May 30, 2000 A survey of commercial shippers taken by the investment firm Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
See: New York Stock Exchange :MWD MWD Metropolitan Water District of Southern California MWD Measurement While Drilling (oil drilling) MWD Morgan Stanley Dean Witter (stock symbol) MWD Molecular Weight Distribution MWD Military Working Dog ) has found the e-commerce capability of Con-Way Transportation Services (CON-WAY) to be the highest of any less-than-truckload (L-T-L) carrier in the U.S. According to the survey results Morgan Stanley Dean Witter believes that "freight transportation customers intend to conduct substantially more transactions electronically, and, as such, we expect those carriers with the best electronic interfaces to have the best prospects." They also said that "when it comes to e-commerce trends, we believe the fastest modes of transportation are going to grow at the expense of the slower modes." The purpose of the survey was to determine how e-commerce will change the transportation methods of shippers and document basic industry trends that may influence future performance of publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . CON-WAY is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CNF CNF Configuration (File Name Extension) CNF Conference CNF Conjunctive Normal Form CNF Could Not Find CNF Chin National Front (Burma) CNF Canadian Nature Federation CNF Cornell NanoScale Facility Inc. (NYSE:CNF). The survey was sent to 8,000 shippers and asked for responses on all modes of freight, from parcel carriers to railroads. Trucking was shown to be the largest form of transport used by the respondents, accounting for 54 percent of the respondents' selected transport mode. "The results of the Morgan Stanley Dean Witter report validate what we see happening in our markets," said Bryan Millican, executive vice president, sales and marketing for CON-WAY. "We opened the first L-T-L Internet web site in 1994 and increased our investment in this means of completing customer transactions each year since." CON-WAY continually measures the activity and transaction growth on its web site. "During the past 18 months we have been adding capabilities to our site that provide real transaction value to our customers, and the growth rate by users has shown we've hit the mark. In the past year we've seen month-over-month growth of between 20 and 25 percent. The response has been phenomenal," said Millican. CON-WAY, targets its service to the needs of industrial and commercial shippers and is known for superior transit time transit time the time required for ingesta to pass through the gastrointestinal tract; a shorter transit time is seen in conditions associated with gut hypermotility, such as diarrhea. Delayed passage from any cause results in a longer transit time. standards and on-time performance record. Shippers use CON-WAY to meet the demands of just-in-time supply chain management. According to Jackie Barretta, director of information services See Information Systems. for CON-WAY, "Its very gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see the public confirmation of our work, both in the results of the Morgan Stanley Dean Witter survey and in the growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of our customers use of www.con-way.com." Currently the CON-WAY web site provides options to its customers as simple as tracking the current status of a single shipment to detailed, customer-specific reports showing all transactions over the last 13 months. Also included are reports showing CON-WAY's on-time performance record in delivering shipments for customers. `We have a list of additional features planned for rollout each month during the remainder of 2000 and we are planning for our system infrastructure to support even greater use of e-commerce. Within the next two years we expect a very large migration of transaction activity to an e-commerce format," said Barretta. "We'll still have customers completing transactions on paper, but we feel confident that the majority of transactions will shift to being electronic during this period and we'll be ready as this shift happens," she added. Con-Way Transportation Services is a $1.9 billion transportation company that provides time-definite and day-definite freight delivery and logistics services for commercial and industrial businesses. Within the CON-WAY family are regional less-than-truckload carriers Con-Way Central Express, Con-Way Southern Express, Con-Way Western Express and Con-Way Canada Express; Con-Way Truckload Services, providing multi-modal, full truckload shipping; Con-Way NOW, an expedited carrier specializing in emergency shipment service; and Con-Way Integrated Services, a contract supply chain execution service provider. CON-WAY is a subsidiary of Palo Alto, California-based CNF (NYSE: CNF) a $5.6 billion management company of global supply chain services with businesses in regional trucking, air freight, ocean freight, customs brokerage, global logistics management and trailer manufacturing. Further information about CON-WAY and additional press releases are available via the Internet at www.con-way.com |
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