History
The idea for Menlo Logistics was developed in the late 1980s. At that time, CF Inc.’s director of marketing presented the idea for the company's creation — an organization that offered warehouse, inventory, and transportation management as well as full integration of supply chain links through customized systems and software — to upper management. The initial business plan was to create, implement, and manage logistics projects for its customers.
On October 26, 1990, Menlo Logistics Inc. was formed. The name was a deliberate choice to prompt an association with California’s Menlo Park, which was well known as the home of venture capitalists and high-tech industries. Logistics consultants and warehousing experts ran the dedicated, contract carriage operations. The start-up was “carrier neutral” and still does not give special treatment to its sister organizations or to any particular outside carriers.
Menlo Logistics established itself as a leading third-party logistics (3PL) provider in the 1990s, and rode the popularity of the outsourcing trend by notching double-digit growth every year during that era. One of Menlo’s early success stories was its successful bid on a $100 million distribution contract with Sears. The department store wanted to close its internal distribution system, which cost Sears about twice as much as its competitors at 7 percent of its sales.
In December 2000, Menlo Logistics collaborated with General Motors to create Vector SCM, a new global supply chain management company serving the automotive industry. Vector SCM proved to be a role model for a successful lead logistics provider business model.
Effective January 1, 2002, Con-way formed Menlo Worldwide Logistics in its current form by combining Menlo Logistics (renamed Menlo Worldwide Logistics), Vector SCM and Emery Worldwide Forwarding (later renamed Menlo Worldwide Forwarding). Menlo Worldwide Logistics absorbed the operations of Emery’s logistics unit, Emery Global Logistics (EGL). The EGL operations gave Menlo Worldwide Logistics presence in Asia and South America, and expanded its European scope. The company began leveraging these operations to pursue organic growth outside of North America and grow its European footprint.
In December 2004, Con-way sold Menlo Worldwide Forwarding to United Parcel Service, and Con-way streamlined its operating units by merging Con-way Transportation Service’s logistics unit, Con-way Logistics, into Menlo Worldwide Logistics. This completed the rationalization of three logistics entities into a single business unit. In 2006, GM exercised its right to purchase Menlo Logistics' interest in Vector SCM, and the sale was completed in December.
In seeking to grow its business in the Asian logistics market, Menlo purchased two Asian logistics companies, Cougar Holdings Pte, Ltd. and Chic Holdings, Ltd. in 2007. Singapore-based Cougar enlarged Menlo’s operational scope in southeastern Asia, and Shanghai-based Chic significantly expanded Menlo’s presence in China.
Today, Menlo Worldwide Logistics operates on all five continents, offering companies a range of local to global solutions.
Read more about this topic: Menlo Worldwide Logistics
Famous quotes containing the word history:
“The history of all Magazines shows plainly that those which have attained celebrity were indebted for it to articles similar in natureto Berenice—although, I grant you, far superior in style and execution. I say similar in nature. You ask me in what does this nature consist? In the ludicrous heightened into the grotesque: the fearful coloured into the horrible: the witty exaggerated into the burlesque: the singular wrought out into the strange and mystical.”
—Edgar Allan Poe (1809–1849)
“There has never been in history another such culture as the Western civilization M a culture which has practiced the belief that the physical and social environment of man is subject to rational manipulation and that history is subject to the will and action of man; whereas central to the traditional cultures of the rivals of Western civilization, those of Africa and Asia, is a belief that it is environment that dominates man.”
—Ishmael Reed (b. 1938)
“What you don’t understand is that it is possible to be an atheist, it is possible not to know if God exists or why He should, and yet to believe that man does not live in a state of nature but in history, and that history as we know it now began with Christ, it was founded by Him on the Gospels.”
—Boris Pasternak (1890–1960)