Con-way: XPO cuts 160 jobs tied to Ann Arbor-based Con-way unit

Bloomberg News and Crain's Detroit Business - XPO Logistics Inc., which acquired Ann Arbor-based Con-way Inc. in 2015, said Friday that it cut approximately 160 positions in its less-than-truckload (LTL) business. The cuts affected administrative, management and back office jobs, according to the company. In addition, it eliminated 30 positions in other parts of the company. XPO purchased Con-way last September for $3 billion. The company estimated that it expected to reduce annual costs by more than $20 million against a