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Con-way Multimodal Launches Improved Quick Pay Program for Carriers
Enhanced Offering Provides Choice of Compensation Options for Maximum Carrier Convenience
PORTLAND, Ore. - September 30, 2008
Con-way Multimodal, the nationwide truckload brokerage division of Menlo Worldwide Logistics, today announced the launch of an enhanced Quick Pay program aimed at meeting the administrative and financial needs of its carrier community. The new Quick Pay program provides carriers multiple payment options and schedules.
Con-way Multimodal, the nationwide truckload brokerage division of Menlo Worldwide Logistics, today announced the launch of an enhanced Quick Pay program aimed at meeting the administrative and financial needs of its carrier community. The new Quick Pay program provides carriers multiple payment options and schedules. Menlo Worldwide Logistics is an operating company of Con-way Inc. (NYSE: CNW)."In difficult economic times, it's more important than ever to offer carriers flexible compensation options that will help them manage their cash flow and administrative needs most effectively," said Tyler Ellison, president of Con-way Multimodal. "Our new, improved Quick Pay program gives them that flexibility - with a rate structure that's extremely competitive."
Under Con-way Multimodal's new Quick Pay program, carriers can opt to receive payments through direct deposit, paper check or electronic funds transfer. Immediate pay is available for a three percent processing fee, and seven-day pay for a two percent fee. There is no charge for the standard 30-day pay schedule.
To participate in the program, carriers must complete and submit a registration form indicating their payment preference. Payments will be processed upon load delivery and receipt of required paperwork. For additional details or to request a registration packet, carriers can call Con-way Multimodal at 1-734-757-2112 to speak with Rick Grima.
In August, Con-way formally relaunched its truckload brokerage operation - previously known as Con-way Truckload Services - as Con-way Multimodal. The company continues to leverage the technology, customer relationships and purchasing power of the Con-way enterprise to provide shippers with a broad range of transportation and logistics services.
About Con-way Multimodal
Con-way Multimodal provides expanded freight brokerage capabilities and services in the third-party logistics and multimodal freight transportation business, focusing on flexible, efficient capacity solutions for the marketplace. Through its network of more than 15,000 carriers, Con-way Multimodal arranges resources to meet the capacity needs of its shippers using over-the-road, intermodal, dry van, flatbed, heavy haul and specialized transportation solutions. The Portland, Ore.-based company is an operating unit of Menlo Worldwide Logistics, LLC, a subsidiary of Con-way Inc. (NYSE: CNW), a $4.7 billion freight transportation and logistics company. For more information, please visit us on the Web at http://www.con-way.com/.
