CNF COMBINES EMERY, MENLO, VECTOR SCM OPERATIONS UNDER MENLO WORLDWIDE
CNF Inc. said it is combining its Menlo Logistics, Emery Worldwide and Vector SCM Operations to form Menlo Worldwide, a new company that covers global logistics, transportation, freight forwarding and supply chain management.
By providing customers around the world with a full range of logistics services from a single source, Menlo Worldwide better positions CNF to capitalize on the growth prospects of the enormous global supply chain management, said Gregory L. Quesnel, president and chief executive officer of CNF.
Menlo Worldwide will have combined annual revenue of $3 billion, 15,000 employees and more than 200 service centers and operations facilities. Headquarters for Menlo Worldwide will be Redwood City, Calif. Vector SCM headquarters will remain in Novi, Mich.
John H. Williford, formerly chief executive officer of Menlo Logistics, will head the newly combined companies as president and CEO. Chutta Ratnathicam, CEO of Emery, will return to his former position as chief financial officer of CNF.
“This new company brings together an exceptional team of experienced professionals, cutting-edge technology, engineering and execution skills on a global scale,” Williford said.
Menlo Worldwide is organized into four divisions:
* Emery, a division of Menlo Worldwide, comprises Emery’s international air and ocean forwarding, North American air freight, customs brokerage and expedited services.
* Menlo Worldwide Logistics, which combines the global logistics activities of Emery with Menlo Logistics to provide large and mid-size global clients with third-party logistics services.
* Vector SCM, which is a division of Menlo Worldwide and a joint venture with General Motors that manages GM’s worldwide distribution system. It will serve as a model for developing other “fourth-party” logistics businesses.
* Menlo Worldwide Technologies, which will be a top-tier provider of information technology, supply chain engineering skills and consulting services.
In addition, Williford John Rocheleau will join Menlo Worldwide as vice president of finance. Rocheleau was vice president, controller and treasurer for Menlo Logistics.