Con-way Freight announced a new president Tuesday, naming 32-year industry veteran Joseph M. (Joe) Dagnese to lead the country's second-largest less-than-truckload (LTL) transportation company.
The Ann Arbor, Mich.-based carrier had $3.6 billion in revenue in 2014, trailing only Fed-Ex Freight and leading such familiar names as YRC Freight, Old Dominion Freight Line, and UPS Freight, according to data from SJ Consulting Group Inc., a Pittsburgh consultancy.
He will move into the leadership position immediately, leaving his current post as president of sister company Con-way Truckload. The company has not yet named his successor.
Dagnese replaces W. Gregory Lehmkuhl, who resigned after four years as president of Con-Way Freight for a job as chief executive officer of Lineage Logistics LLC, a temperature-controlled warehousing and logistics company based in Colton, Calif.*
After joining Con-way Inc. in 1995 with Menlo Logistics, the company's global logistics and supply chain management unit, Dagnese worked his way up to vice president of Menlo's international operations. He had previously spent 14 years with consumer-goods giant Procter & Gamble Co.
"Joe brings an impressive array of lean management skills, strategic insight, and leadership qualities to Con-way Freight," said Douglas W. Stotlar, president and CEO of parent company Con-way Inc. "His unique background and broad experience across the Con-way organization provide continuity to our lean journey while driving continued progress with our growth and improvement initiatives at Con-way Freight."
*Editor's note: This story was revised on June 18, 2015 to include more information about Lehmkuhl's new job.