Con-way Newsroom

Road Systems, Inc. Receives 2012 Plant Safety Award from Truck Trailer Manufacturers Association

Wed, 22 May 2013 07:00:00 GMT

Road Systems, Inc. (RSI), a trailer manufacturer and subsidiary of Con-way Inc. (NYSE:CNW), today announced that it has been honored with the 2012 Plant Safety Award from the Truck Trailer Manufacturers Association (TTMA). This is the third straight year and fourth time that RSI has received this honor from TTMA; the company was also an award recipient in 2004, 2010 and 2011. RSI was recognized for the achievement at the TTMA Annual Convention in Point Clear, Ala.

Under the TTMA Plant Safety program, award winners are selected from member companies’ year-long occupational injury data recorded in accordance with the Occupational Safety & Health Administration (OSHA) record-keeping requirements. RSI won in the “C” category of the award segmented for plants sized 300,000 man-hours and under. To be considered for the award, RSI was responsible for providing numerical data in seven areas: deaths, total lost workday cases, total cases with job transfer or restriction, days away from work, days of job transfer or job restriction, total number of other recordable cases and total cases (of injuries).

Since receiving its first Plant Safety Award in 2004, RSI has not only decreased its incident frequency rate by more than 400 percent, but also grew by 110 employees during that time. One of RSI’s secrets to success is its behavior-based strategy, which produces results that improve every year. For example, outfitted with bright orange shirts to signify the need for additional attention, new employees are placed on a six-month probationary period where all plant personnel are responsible for monitoring their safety.

“The team approach to mentoring and monitoring each other’s safety performance makes a much bigger impact than simply a directive from a supervisor,” stated Lynn Reinbolt, president, RSI. “This award is a product of our belief that safety is an individual behavior that succeeds only with support from one’s colleagues. We have a great team and I could not be more proud of our achievements.”

“There is a reason that RSI is consistently on top of their category year after year,” said Jeff Sims, president, Truck Trailer Manufacturers Association. “Their commitment to safety has been unparalleled. They truly set the standard for others to emulate.”

This year marks the 42nd presentation of the Truck Trailer Manufacturers Association Plant Safety Awards. TTMA is a member-based organization established to build confidence between manufacturers of truck trailers, cargo tanks, intermodal containers and their suppliers to bring about a mutual understanding of the problems confronting all manufacturers.

About Road Systems, Inc.
Road Systems, Inc. (RSI) is Con-way’s trailer manufacturing division. RSI designs, builds and sells freight trailers and other equipment to its sister transportation and logistics operating companies within the Con-way organization. With its efficient production operations and reputation for quality manufacturing, the company has also established a growing presence as a supplier of trailing equipment to customers across the transportation and logistics marketplace.

Road Systems, Inc. is a subsidiary of Con-way Inc. (NYSE:CNW), a $5.6 billion freight transportation and logistics services company. For more information, visit www.con-way.com.

Con-way Freight Announces Major Expansion in Fond du Lac

Tue, 21 May 2013 07:00:00 GMT

Con-way Freight, a less-than-truckload (LTL) trucking company and subsidiary of Con-way Inc. (NYSE:CNW), today announced a major investment in the Fond du Lac community with plans to build a new, state-of-the-art 96-door, 47,000-square-foot freight service center in the city.

The new $8 million facility will serve as the local hub from which the company will provide daily local freight pickup and delivery services connecting the greater Fond du Lac metropolitan area with one-, two- and three-day service points in Con-way Freight’s nationwide network, as well as Mexico and Canada.

The company has selected a 21-acre property in Fond du Lac’s Fox Ridge Business Park for the new facility, and is working with Setzer Properties, LLC as the developer. According to Con-way Freight’s Director of Operations John McCutcheon, the site is well suited for the company’s needs. A major factor is its convenient access to state highways 41, 175 and 151, as well as proximity to commercial and industrial shippers in nearby business and industrial parks, the city’s revitalized downtown area and its growing retail sector.

The expansion will replace an existing 25-door service center at 736 Morris Street where the company has been for 27 years. Once completed, the expanded facility is expected to provide additional capacity, operating efficiencies and flexibility as it will consolidate smaller service center operations in Fond du Lac, Sheboygan and Neenah into a larger, more cost-effective single facility.

The expanded operation in Fond du Lac is expected to employ 100 workers in jobs such as driver sales representatives, operations support, sales, customer service and administration. Con-way Freight currently employs 45 at its existing Fond du Lac location.

“We are very excited that Con-way has selected Fond du Lac for its new freight operations center,” stated Sam Meyer, president of the Fond du Lac City Council. “The Con-way facility will create some excellent jobs for our community while providing important transportation and logistics support services for the local and state economies.”

“The Con-way project is a wonderful addition to our business community and will be a leading-edge freight facility,” according to Steve Jenkins, president of the Fond du Lac County Economic Development Corporation (FCEDC). “The project is also another example of strong collaborations between FCEDC and other entities. In this case, a key partner was the City of Fond du Lac, with special thanks to Wayne Rollin for his tireless work.”

Con-way Freight expects to close on the property next month. Following a ground-breaking ceremony, construction is planned to commence in June and be completed in March 2014.

Paul Lorensen, area vice president of operations for Con-way Freight said, “This is an important investment for our company. It provides us with a modern new facility and expanded capacity in a key location for our network, and gives us flexibility to grow with the Fond du Lac community. We thank the city of Fond du Lac and county Economic Development Corporation for their support as we deepen our ties with this leading Wisconsin community and participate in its overall economic growth.”

While the new center initially will open with 96 dock doors, it is designed to expand to 120 doors. The company currently handles more than 575,000 pounds of freight per day out of its existing facility. The new site provides the ability to expand those volumes to well over 1.6 million pounds per day. The facility also will have a 6,500-square-foot office and on-site fueling for its trucks.

Today, Con-way Freight operates a fleet of 18 commercial truck-tractors and 65 freight trailers from its current Fond du Lac facility. The expanded operation will increase those numbers to 50 trucks and 160 trailers. Con-way Freight in Fond du Lac currently serves more than 1,500 businesses in the greater Fond du Lac metropolitan area and surrounding communities. Nationwide, the company operates a fleet of 9,600 truck-tractors and 25,000 freight trailers.

Con-way Freight provides some of the fastest, most reliable on-time service over the longest market lanes of any trucking company in the state. From Fond du Lac, next-day delivery is provided for all of Wisconsin, west to Sioux Falls, S.D., east to Cleveland, Ohio and south to Louisville, Ky. The company also provides direct service into Canada through the Windsor, Ontario border gateway. Second-day service extends west into Denver, Colo., east to Boston, Mass. and south to New Orleans, La.

Follow Con-way Freight on Twitter: http://twitter.com/Conway_Freight.

Con-way equipment images are available at www.con-way.com/en/about_con_way/newsroom.

About Con-way Freight
Con-way Freight is the industry’s leading less-than-truckload (LTL) freight transportation company, providing guaranteed, day-definite regional and transcontinental service with exception-free delivery, on-time service performance and faster transit times through a single, unified network of 425 service centers in the United States, Canada, Mexico and Puerto Rico. Con-way Freight offers LTL freight transportation across North America and through Global LTL^TM delivery in the United States from around the world. Global solutions include international less-than-container load (LCL) ocean shipments from Asia through its OceanGuaranteed® service; direct service to more than 30 Bahamian and Caribbean ports through TropicalDirect^SM; and domestic offshore transportation to Alaska, Hawaii and Puerto Rico. Based in Ann Arbor, Mich., Con-way Freight is a certified FAST highway carrier and is C-TPAT/PIP-, ACE- and CSA-certified.

Con-way Freight is a subsidiary of Con-way Inc. (NYSE:CNW), a $5.6 billion diversified freight transportation and logistics services company. For more information, visit www.con-way.com/en/freight.

Con-way Chief Financial Officer to Address Wolfe Research Conference

Thu, 16 May 2013 07:00:00 GMT

Con-way Inc. (NYSE:CNW) announced today that executive vice president and Chief Financial Officer Stephen L. Bruffett will participate in a panel discussion on May 23, at the Wolfe Research Global Transportation Conference in New York City. The presentation will begin at approximately 8:50 a.m. Eastern Daylight Time.

Parties may listen to the panel discussion via live Internet webcast. The webcast will be available at www.con-way.com in the investors section. Please go to Con-way’s web site at least fifteen minutes early to register and install any necessary software. Following the live webcast, an Internet replay will also be available at the Con-way web site.

ABOUT CON-WAY INC.
Con-way Inc. (NYSE:CNW) is a $5.6 billion freight transportation and logistics services company headquartered in Ann Arbor, Mich. Con-way delivers industry-leading services through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics. These operating units provide high-performance, day-definite less-than-truckload (LTL), full truckload and multimodal freight transportation, as well as logistics, warehousing and supply chain management services. Con-way also operates Road Systems Inc., a trailer refurbishing and manufacturing company which supplies trailing equipment to the company’s trucking fleets. Con-way Inc. and its subsidiaries operate from more than 500 locations across North America and in 20 countries. For more information about Con-way, visit www.con-way.com.

Menlo Completes Registered Agent Certification for Dutch Facilities

Thu, 16 May 2013 07:00:00 GMT

Menlo Worldwide Logistics (Menlo), the global logistics subsidiary of Con-way Inc. (NYSE:CNW) has recently completed the certification process for its Rotterdam facility and can now confirm that all four of its operating sites in the Netherlands are certified as “Regulated Agent” Airfreight.

The audit was carried out by Dutch government agency, the Royal Marechaussee, and means that Menlo’s establishments at Amsterdam, Eersel, Maastricht and Rotterdam are registered on the European Union database.

The certificate, which is valid for five years, allows Menlo facilities a waiver from all additional physical security inspections of airfreight shipments as well as any additional contextual inspections of airfreight documentation. These advantages will in turn deliver lower administration costs for customers and avoid potential delays in processing airfreight shipments.

In welcoming the announcement, Tony Gunn, Menlo’s MD in Europe, said, “The certification process and audit have been achieved through dedicated teamwork. Specific subject matter expertise and a commitment to excellence have been required in order to meet the operational conditions and security requirements of the legislation. I would like to thank the team and, in particular, Jos Giele, our director of corporate security, for their hard work in attaining this significant certification. It adds further to the superior level of service that Menlo can offer its customers in Europe.”

About Menlo Worldwide Logistics Europe
In Europe Menlo Worldwide Logistics maintains seventeen dedicated and multi-client logistics centres located in the Netherlands, Belgium, Czech Republic, Germany and the United Kingdom. This warehouse network can serve as pan-European distribution solution using one or several facilities.

Supply chain and transport management solutions as well as 3PL, warehousing and distribution services are offered to a variety of vertical industry sectors including: fashion and apparel; healthcare and medical equipment; hi-tech electronic and data network equipment; automotive; defence and government services and retail e-fulfilment.

The European headquarters is at the multi-client Amsterdam Distribution Centre in the Netherlands.

About Menlo Worldwide Logistics
Menlo Worldwide Logistics, LLC, is a US$1.7 billion global provider of logistics, transportation management and supply chain services with operations in five continents, including North America. As a third-party logistics provider, San Francisco-based Menlo Worldwide Logistics’ services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services including packaging, kitting, order fulfilment and light assembly through a strategic network of multi-client and dedicated facilities. With more than 17 million square feet of dedicated warehouse space in North America, the Asia Pacific, Europe and Latin America, and industry-leading technologies, Menlo Worldwide Logistics creates effective, integrated solutions for the transportation and distribution needs of leading businesses around the world.

Menlo Worldwide Logistics, LLC, is a subsidiary of Con-way Inc. (NYSE:CNW), a $5.6 billion diversified freight transportation and logistics company. For more information, please visit us on the Web at www.con-way.com.

Follow Menlo Worldwide Logistics on Twitter: http://twitter.com/MenloLogistics.

Con-way Freight Wins LTL Carrier of the Year Honors from Technicolor

Wed, 15 May 2013 07:00:00 GMT

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE:CNW), has been named LTL Carrier of the Year by Technicolor Home Entertainment Services.

Con-way Freight provides transportation services throughout North America as a core LTL carrier for Camarillo, Calif.-based Technicolor Home Entertainment Services, which annually measures and evaluates its carriers against stringent criteria outlined in a comprehensive performance scorecard. The evaluation ranks service providers in areas such as on-time pickup and delivery, security compliance, communications, capacity, green initiatives including EPA SmartWay scores, invoice and billing accuracy, technology systems performance, claims and overall customer service.

“Consistent, reliable, on-time service with deliveries that are exception-free are critical performance factors for the media and entertainment industry, where timing can be everything,” said Bryan Kelly, Technicolor’s Senior Director of Logistics. “Con-way Freight had a composite on-time record of 99.4 percent and fewer than 10 shipment claims. It is this high level of reliability and quality that earned them top honors.”

“There is no better measure of our quality and our value than meeting and exceeding those key goals set by our customers,” said Greg Lehmkuhl, president, Con-way Freight. “We are honored to be selected by Technicolor as their LTL carrier of the year. It’s recognition of our team’s winning approach to service, and the care and responsiveness we put into servicing every shipment, every day for this industry leader.”

Follow Con-way Freight on Twitter: http://twitter.com/Conway_Freight.

Con-way equipment images are available at www.con-way.com/en/about_con_way/newsroom.

About Con-way Freight
Con-way Freight is the industry’s leading less-than-truckload (LTL) freight transportation company, providing guaranteed, day-definite regional and transcontinental service with exception-free delivery, on-time service performance and faster transit times through a single, unified network of over 425 operating locations in the United States, Canada, Mexico and Puerto Rico. Con-way Freight offers LTL freight transportation across North America and through Global LTL^TM delivery in the United States from around the world. Global solutions include international less-than-container load (LCL) ocean shipments from Asia through its OceanGuaranteed® service; direct service to more than 30 Bahamian and Caribbean ports through TropicalDirect^SM; and domestic offshore transportation to Alaska, Hawaii and Puerto Rico. Based in Ann Arbor, Mich., Con-way Freight is a certified FAST highway carrier and is C-TPAT/PIP-, ACE- and CSA-certified.

Con-way Freight is a subsidiary of Con-way Inc. (NYSE:CNW), a $5.6 billion diversified freight transportation and logistics services company. For more information, visit www.con-way.com/en/freight.

Local Con-way Freight Drivers Achieve 25 Years of Safe Driving

Mon, 13 May 2013 07:00:00 GMT

Urban Chicago driving with its heavy, stop and go traffic, construction zones, distracted drivers, pedestrians, brutal congestion and other obstacles is a challenge that taxes even the most attentive motorist. Accidents happen, in fact, the Illinois Department of Transportation reports there are almost 300,000 car accidents annually in the greater Chicagoland region.

Yet for the past 25 years, two professional truck drivers from Con-way Freight in Des Plaines have accomplished what many would consider a near-impossible feat: getting into the cab of their truck every day, five-days-a-week, and with a trailer or two in tow, safely navigating Chicago’s business districts, commercial and industrial zones and highways and byways without so much as a minor fender-bender or workplace injury.

That remarkable safe-driving and safe-working milestone was accomplished by Tom Syme and Joe Lombardi, two professional truck drivers for Con-way Freight. They are being recognized today in a special ceremony at the company’s Des Plaines service center, where they will be presented with Con-way Freight’s Distinguished Driver award, a prestigious honor conferred upon the company’s most accomplished professionals for exemplary safety achievement.

“Safety is our number one core value at Con-way Freight,” says David Burk, the company’s director of operations for the Chicago region. “Tom Syme and Joe Lombardi epitomize that commitment. Their accomplishment of 25 years without an accident or injury is a testament to their professionalism, their skill and the focus on safety they bring to work every day. They set the safety bar high every day, and we’re thrilled to be able to honor them today and welcome them into the ranks of our Distinguished Drivers.”

Syme and Lombardi join an exclusive group of Con-way Freight professional driver sales representatives with record-setting safety performances over the company’s 30-year history. In addition to over 60 drivers who have garnered 25-year safe working honors, the company also has honored 1,639 Con-way Freight drivers across the U.S. who have achieved 1 million safe driving miles, and 204 drivers who have surpassed 2 million accident-free driving miles. In February this year, the company celebrated its first 3-million mile Distinguished Driver. The first-ever milestone was accomplished by James “Jackpot” Sutfin, a driver-salesman out of the company’s Las Vegas service center.

Local media are invited to attend the recognition ceremony at 4 p.m. today at the Des Plaines Service Center, 401 West Touhy Ave.

Follow Con-way Freight on Twitter: http://twitter.com/Conway_Freight.

Con-way equipment images are available at www.con-way.com/en/about_con_way/newsroom.

About Con-way Freight
Con-way Freight is the industry’s leading less-than-truckload (LTL) freight transportation company, providing guaranteed, day-definite regional and transcontinental service with exception-free delivery, on-time service performance and faster transit times through a single, unified network of 425 operating locations in the United States, Canada, Mexico and Puerto Rico. Con-way Freight offers LTL freight transportation across North America and through Global LTL^TM delivery in the United States from around the world. Global solutions include international less-than-container load (LCL) ocean shipments from Asia through its OceanGuaranteed® service; direct service to more than 30 Bahamian and Caribbean ports through TropicalDirect^SM; and domestic offshore transportation to Alaska, Hawaii and Puerto Rico. Based in Ann Arbor, Mich., Con-way Freight is a certified FAST highway carrier and is C-TPAT/PIP-, ACE- and CSA-certified.

Con-way Freight is a subsidiary of Con-way Inc. (NYSE:CNW), a $5.6 billion diversified freight transportation and logistics services company. For more information, visit www.con-way.com/en/freight.

Con-way Freight Honored by Local Decatur Army Reserve Veteran for Support, Presents Commemorative Flag Flown during Afghanistan Deployment

Thu, 02 May 2013 07:00:00 GMT

U.S. Army Reserve Staff Sgt. Brian McCleskey, a driver sales representative for Con-way Freight, has served two tours of duty with the Army Reserve in Kuwait and Afghanistan. During those deployments, he was able to focus on his mission and leave concerns over his family’s well-being behind—thanks to Con-way Freight, his employer of nearly 15 years and a staunch supporter of veterans and their families.

Today, Staff Sgt. McCleskey honored his employer with a special presentation—an American flag that flew with our nation’s soldiers in Afghanistan. For Staff Sgt. McCleskey, it was a gift of thanks for his company’s active support and outreach to him and his family while he served two tours of duty under Operations Iraqi Freedom and Enduring Freedom.

At a ceremony held at Con-way Freight’s service center here, company officials also recognized Staff Sgt. McCleskey for his service to the country, and accepted the commemorative flag, which will be displayed at the company’s headquarters in Ann Arbor, Mich. The flag was flown on a combat mission aboard a U.S. Air Force F-16CM over Afghanistan.

Staff Sgt. McCleskey enlisted in the U.S. Army Reserve in 2003 and has been a Con-way Freight driver for nearly 15 years. He was first deployed in 2008, stationed in Kuwait and then once again in 2010 to Afghanistan—both in transportation roles. McCleskey has a seven-year-old daughter and his wife, Patti, is expecting their second child. While he was deployed, Con-way Freight’s human resources representatives maintained close contact with Patti to ensure she understood and was receiving company benefits for deployed soldiers, and that the company’s support network of employee volunteers was helping her with everyday challenges like home maintenance, auto repairs and snow removal.

“Not only did I know my job with Con-way Freight would be there for me when I returned from overseas, I also knew that my family was being cared for, and that gave me the peace of mind I needed to be fully present and there for my unit,” said McCleskey. “I’ve worked for this company for a long time and their support of the Guard and Reserves is important to me. They allow me to serve my country, without risking the livelihood of my family. It was a wonderful experience to share this token of my appreciation with the company today.”

Con-way offers its employee-soldiers pay differentials and uninterrupted health benefits for their families during the first year of deployment. Over the last five years, the company has paid more than $1.1 million in differential compensation to its deployed employee-soldiers. Upon return from active duty, employees are reinstated to the same or equal job, pay and grade level. If an employee needs to move for a returning job, the company pays relocation expenses. To help employees readjust to civilian duty, Con-way’s Employee Assistance Program provides access to counseling through the company’s health benefit plans. Lastly, company employees on a quarterly basis sponsor drives in which “care packages” of goods such as foodstuffs and other personal hygiene items are collected and shipped to soldiers and their units in the field.

“The American flag that Staff Sgt. McCleskey graciously presented us with today flew with distinction over our troops in Afghanistan,” said Con-way Freight President Greg Lehmkuhl. “We’ve always supported hiring military veterans and members of the Guard and Reserves at Con-way. They have leadership skills, a work ethic and a level of responsibility and dedication to their jobs that’s a direct result of their military experience. Brian’s gift is one we will treasure and that holds great meaning for us. We thank him for his service and will continue to support his service to our country.”

Today, Con-way employs nearly 2,700 military service veterans, including members of the National Guard and Reserves. In 2007 and 2012, Con-way Freight won the Patriot Award, an honor created by Employer Support of the Guard and Reserve (ESGR) and the Department of Defense, to publicly recognize employers that believe in a strong National Guard and Reserve. Employers are nominated by their citizen-soldier employees, and qualify for recognition when they demonstrate leadership and promote personnel policies that encourage employee participation in the Guard and Reserves.

Patriot Award winners are eligible for The Secretary of Defense Employer Support Freedom Award—the highest recognition given by the U.S. government to employers committed to employees who serve in the National Guard and Reserves. Con-way Inc. is a previous recipient of the Freedom Award, having been conferred the honor in September 2007.

Follow Con-way Freight on Twitter: http://twitter.com/Conway_Freight.

Con-way equipment images are available at www.con-way.com/en/about_con_way/newsroom.

About Con-way Freight
Con-way Freight is the industry’s leading less-than-truckload (LTL) freight transportation company, providing guaranteed, day-definite regional and transcontinental service with exception-free delivery, on-time service performance and faster transit times through a single, unified network of 425 operating locations in the United States, Canada, Mexico and Puerto Rico. Con-way Freight offers LTL freight transportation across North America and through Global LTL^TM delivery in the United States from around the world. Global solutions include international less-than-container load (LCL) ocean shipments from Asia through its OceanGuaranteed® service; direct service to more than 30 Bahamian and Caribbean ports through TropicalDirect^SM; and domestic offshore transportation to Alaska, Hawaii and Puerto Rico. Based in Ann Arbor, Mich., Con-way Freight is a certified FAST highway carrier and is C-TPAT/PIP-, ACE- and CSA-certified.

Con-way Freight is a subsidiary of Con-way Inc. (NYSE:CNW), a $5.6 billion diversified freight transportation and logistics services company. For more information, visit www.con-way.com/en/freight.

Con-way Inc. Reports 2013 First-Quarter Results

Wed, 01 May 2013 07:00:00 GMT

Con-way Inc. (NYSE:CNW) today reported 2013 first-quarter net income of $14.0 million, or 25 cents per diluted share. The results compare to first-quarter 2012 net income of $25.6 million, or 46 cents per diluted share.

On a non-GAAP basis, earnings per diluted share were 19 cents in the 2013 first quarter compared to 45 cents in last year’s first quarter. (Non-GAAP items, consisting of tax-related adjustments for both years, are detailed in the attached reconciliation.)

Operating income in the first quarter was $31.6 million compared to $55.7 million earned in the first quarter a year ago. Revenue for the first quarter was $1.34 billion compared to $1.37 billion a year ago.

Commenting on the quarter’s results, Douglas W. Stotlar, Con-way’s president and CEO, said, “On a consolidated basis, our first quarter 2013 results were below our expectations and therefore were disappointing. However, the first quarter also provided further validation that our efforts to expand margins are gaining traction and moving in the right direction.”

“At Con-way Freight, several cost items, most of which were short-term or infrequent in nature, impacted first quarter operating income,” Stotlar noted. “We have made encouraging progress on the key initiatives of lane-based pricing and line-haul efficiency, both of which are foundational to our three-year plan. As these initiatives ramp up during 2013, we continue to expect improved financial performance, particularly in the second half of the year.”

In the first quarter, Menlo Worldwide Logistics posted slightly higher net revenues, but saw operating income decline. “Menlo is predominantly a contract-driven business with a relatively long sales cycle. As such, there can be variability in their financial results,” Stotlar stated. “However, new-business wins during 2013 are significantly improved, which positions Menlo well for revenue growth as these contracts are implemented.”

Con-way Truckload’s first quarter revenue was essentially flat with 2012, while operating income was down slightly. “Adverse weather and fewer working days affected load count and efficiency,” Stotlar said. “The rate environment remains stable and we look for Con-way Truckload to benefit from low driver turnover and consistent operational execution,” he concluded.

Con-way’s first-quarter effective tax rate was 16.5 percent, compared to 38.1 percent for the same period in 2012. Both years included discrete tax adjustments that impacted the effective tax rate (presented in the attached reconciliation). In the first quarter of 2013, Con-way recognized $3.4 million of discrete tax benefits, consisting mainly of the effect of the 2012 alternative-fuel credit, which was extended by legislation enacted in early 2013.

Segment results in the first quarter for Con-way’s principal operations were as follows:

FREIGHT

For the first quarter of 2013, Con-way Freight reported:

Revenue of $827.5 million, a decline from last year’s first quarter revenue of $831.0 million. The quarter had 1½ fewer workdays and lower average daily tonnage, mostly offset by improved yield.
Operating income of $16.0 million, a decline from the $34.5 million earned in the year-ago period. The decline in operating income resulted primarily from increased operating expenses, including several items previously announced on March 19, which totaled approximately $14 million. Specifically, these items included a reserve for a large vehicular claim, a charge related to a transition to new technology, costs associated with adverse weather, and field training expenses pertaining to line-haul efficiency initiatives.
Revenue per hundredweight, or yield, increased 3.7 percent from the previous-year first quarter. Excluding fuel surcharge, yield rose 3.4 percent.
Tonnage per day declined 1.3 percent compared to the 2012 first quarter.
Operating ratio of 98.1 in the 2013 first quarter compared to 95.8 in the previous-year period.

LOGISTICS

For the first quarter of 2013, Menlo Worldwide Logistics reported:

Revenue of $392.4 million, down 6.4 percent from the prior year first quarter revenue of $419.1 million. Lower revenue primarily reflects declines in transportation management services.
Net revenue of $157.2 million, a 0.9 percent increase from $155.7 million in the previous year first quarter.
Operating income of $6.5 million, compared to last year’s first quarter operating income of $12.3 million. Operating income was affected by startup expenses resulting from expanded business with a large global customer, termination of certain customer contracts and increased expense for IT-related projects.

TRUCKLOAD

For the first quarter of 2013, Con-way Truckload reported:

Revenue of $157.0 million, compared to last year’s first-quarter revenue of $157.3 million. Revenue per loaded mile, excluding fuel surcharge, was up 3.3 percent from the first quarter of 2012, offsetting the effect of lower business levels from adverse weather and one less working day.
Operating income of $10.0 million was also affected by adverse weather, fewer working days and higher maintenance expense. This compares to $10.6 million in the previous-year period.
Loaded miles declined 3.1 percent compared to last year’s first quarter.
Empty miles of 9.7 percent, compared to 9.3 percent in the previous-year first quarter.
Operating ratio exclusive of fuel surcharges of 91.8, compared to 91.3 in the first quarter of 2012.

CORPORATE AND ELIMINATIONS

Corporate and Eliminations includes the company’s Road Systems, Inc. trailer manufacturing unit, as well as other corporate activities. These activities produced operating losses of $0.9 million in the first quarter of 2013, and $1.7 million in the first quarter of 2012. 2013 results include $1.1 million of defined benefit pension costs.

INVESTOR CONFERENCE CALL

Con-way will host a conference call for the investment community tomorrow, Thursday, May 2, beginning at 8:30 a.m. Eastern Time.

The call can be accessed by dialing (866) 264-3634 or (706) 643-3632 (for international callers) and is expected to last approximately one hour. The call will also be available through a live internet webcast at www.con-way.com, in the investors section.

An audio replay will be available for two weeks following the call by dialing (855) 859-2056 or (404) 537-3406 (for international callers) and using access code 19136637. An Internet replay and podcast of the presentation will also be available at the Con-way site.

ABOUT CON-WAY INC.

Con-way Inc. (NYSE:CNW) is a $5.6 billion freight transportation and logistics services company headquartered in Ann Arbor, Mich. Con-way delivers industry-leading services through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics. These operating units provide high-performance, day-definite less-than-truckload (LTL), full truckload and multimodal freight transportation, as well as logistics, warehousing and supply chain management services. Con-way also operates Road Systems Inc., a trailer refurbishing and manufacturing company which supplies trailing equipment to the company’s trucking fleets. Con-way Inc. and its subsidiaries operate from more than 500 locations across North America and in 20 countries. For more information about Con-way, visit www.con-way.com.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release constitute "forward-looking statements" and are subject to a number of risks and uncertainties and should not be relied upon as predictions of future events. All statements other than statements of historical fact are forward-looking statements, including: any projections of earnings, revenues, weight, yield, volumes, income or other financial or operating items, all statements of the plans, strategies, expectations or objectives of Con-way’s management for future operations or other future items, any statements concerning proposed new products or services, any statements regarding Con-way's estimated future contributions to pension plans, any statements as to the adequacy of reserves, any statements regarding the outcome of any legal and other claims and proceedings that may be brought against Con-way, any statements regarding future economic conditions or performance, any statements regarding strategic acquisitions, any statements of estimates or belief, and any statements or assumptions underlying the foregoing. Specific factors that could cause actual results and other matters to differ materially from those discussed in such forward-looking statements include: changes in general business and economic conditions, increasing competition and pricing pressure, the creditworthiness of Con-way's customers and their ability to pay for services rendered, changes in fuel prices or fuel surcharges, the possibility that Con-way may, from time to time, be required to record impairment charges for goodwill, intangible assets and other long-lived assets, the possibility of defaults under Con-way's revolving credit agreement and other debt instruments (including without limitation defaults resulting from unusual charges), uncertainty in the credit markets, including the effect on Con-way’s ability to refinance indebtedness as and when it becomes due, labor matters, enforcement of and changes in governmental regulations or legislation which potentially could result in an adverse impact on the company, environmental and tax matters, and matters relating to Con-way's defined benefit pension plans, including the effect on the plans of changes in discount rates and in the value of plan assets. The factors included herein and in Item 1A of Con-way's 2012 Annual Report on Form 10-K as well as other filings with the Securities and Exchange Commission could cause actual results and other matters to differ materially from those in such forward-looking statements. As a result, no assurance can be given as to future financial condition, cash flows, or results of operations. Any forward-looking statements speak as of the date of May 1, 2013, and are subject to change. Con-way does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

Con-way Inc. Board Declares Quarterly Dividend On Common Stock

Thu, 25 Apr 2013 22:59:00 GMT

The Board of Directors of Con-way Inc. (NYSE:CNW) has declared a cash dividend of 10 cents per share on the company's common stock. The dividend is payable on June 14, 2013 to shareholders of record on May 15, 2013.

About Con-way Inc.
Con-way Inc. (NYSE:CNW) is a $5.6 billion freight transportation and logistics services company headquartered in Ann Arbor, Mich. Con-way delivers industry-leading services through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide. These operating units provide high-performance, day-definite less-than-truckload (LTL), full truckload and multimodal freight transportation, as well as logistics, warehousing and supply chain management services. Con-way also operates Road Systems Inc., a trailer refurbishing and manufacturing company which supplies trailing equipment to the company's trucking fleets. Con-way Inc. and its subsidiaries operate from more than 500 locations across North America and in 20 countries. For more information about Con-way, visit www.con-way.com.

Con-way Truckload, the Missouri State Highway Patrol and American Trucking Associations Team Up for National Distracted Driving Awareness Month

Tue, 23 Apr 2013 14:43:00 GMT

Con-way Truckload, a full truckload carrier and subsidiary of Con-way Inc. (NYSE:CNW), hosted an event this morning with the Missouri State Highway Patrol (MSHP) and American Trucking Associations’ (ATA) America’s Road Team (ART) in recognition of National Distracted Driving Awareness Month. During a press conference held at Con-way Truckload’s headquarters in Joplin, Mo., representatives from the three organizations highlighted key safety tips for sharing the road with trucks, including distracted driving and blind spot awareness, as well as safe following and passing distances. Con-way professional drivers and ART Captains Stephanie Klang and David May were also on hand to offer firsthand safety perspectives and demonstrate safe driving skills during ride-alongs in ATA’s “Share the Road” tractor-trailer.

“A fully loaded tractor-trailer can take the length of a football field to come to a complete stop,” noted ART Captain and Con-way Professional Driver Stephanie Klang. “This is probably a surprise to the motoring public. There’s simply no room for distraction on the roads—events like these present a powerful way to educate the public that we all play a role in keeping our roadways safe.”

At the event, the MSHP introduced its “Gone Too Soon” campaign, a multimedia program focused on educating drivers about the dangers of distracted or impaired driving, seatbelt safety and speeding. According to Lt. John Hotz, assistant director, public information and education division, Missouri State Highway Patrol, the state recorded nearly 20,000 distracted driver related crashes in the first three quarters of 2012 alone.

Con-way Truckload executives also spoke about the various safety and training programs at the company, stressing the importance of driver awareness and their commitment to keeping roads safe.

“Safety is our number one core value at Con-way and we invest heavily in training and technology to ensure that we are one of safest carriers in the industry,” said Bert Johnson, vice president, human resources and director of driver recruitment and safety, Con-way Truckload. “Distracted driving is serious problem on America’s roads. As a transportation company, we can become a part of the solution by sharing our knowledge and expertise in safe driving skills. We want to make sure everyone makes it home safely every day, not just our drivers.”

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Con-way equipment images are available at www.con-way.com/en/about_con_way/newsroom.

About Con-way Truckload
Joplin, Mo.-based Con-way Truckload is an operating company of Con-way Inc. (NYSE:CNW) and a leading provider of expedited, time-definite full-truckload transportation services across North America. Formerly Contract Freighters, Inc. (CFI), Con-way Truckload today employs over 3,000 drivers with a fleet of more than 2,700 tractors and 8,000 trailers operating throughout the United States as well as internationally in Mexico and Canada. The company provides full-truckload transportation serving the transcontinental shipping needs of commercial and industrial businesses as well as sister company Con-way Freight. For more about Con-way Truckload, visit us on the Web at www.con-way.com/truckload or call (800) 641-4747.

Con-way Inc. (NYSE:CNW) is a $5.6 billion diversified freight transportation and global logistics company.