Con-way Inc. acquires China’s Chic Logistics for $60 million

Menlo Worldwide LLC, the global logistics subsidiary of San Mateo-based transportation and freight company Con-way Inc. (CNW), has agreed to acquire the privately held Chic Holdings Ltd. and its subsidiaries and holdings for $60 million plus an undisclosed future earn-out incentive.

Chic, based in Shanghai, China, provides third-party logistics and transportation management services in China and had revenues of $55.2 million in 2006.

Chic Logistics is Con-way’s third acquisition since June. The company has put nearly $1 billion into acquisitions in that time.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

In San Francisco, drug overdose deaths surpass 300

Soaring fatalities ‘generally driven by fentanyl’

Preston finds support for District 5 navigation center at community meeting

Supervisor hopes to narrow down list of possible locations within months

Oprah brings her 2020 vision to Chase Center

TV star, mogul shares wellness advice, personal stories

Department on the Status of Women director resigns

Emily Murase, director of the San Francisco Department on the Status of… Continue reading

Bernie Sanders wins Nevada caucuses, with Joe Biden running a distant second

LAS VEGAS — Bernie Sanders won a commanding victory in the Nevada… Continue reading

Most Read