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Article: GM buys out Vector SCM, brings logistics back in-house.
- Article from:
- Logistics Management (Highlands Ranch, CO)
- Article date:
- August 1, 2006
CopyrightCOPYRIGHT 2006 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By John D. Schulz, Contributing Editor
SAN MATEO, Calif.--Back in late June, Con-way Inc. received word from General Motors that the struggling auto giant was interested in buying out Con-way's stake in Vector SCM, the logistics joint venture the shipper and carrier had formed several years ago. The "amicable deal," which is expected to close by the end of this year, ended a six-year experiment in fourth-party logistics (4PL) collaboration. According to some estimates, the company is valued at between $50 million and $100 million.
Vector SCM was an ambitious undertaking when it was formed in 2000 by America's largest automaker and Con-way's Menlo ...
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... ... BUSINESS WIRE)--Feb. 27, 2001 Vector SCM, General Motors' global lead logistics ... they move within GM's supply chain. Vector SCM, which was formed in December 2000 as ... administration from Central Michigan University. Vector SCM is a subsidiary of CNF Inc., a $6 ...
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