Con-way Newsroom

Con-way Executives to Address Credit Suisse and Dahlman Rose Conferences

Wed, 01 Sep 2010 20:40:00 GMT

Stephen L. Bruffett, executive vice president and chief financial officer of Con-way Inc. (NYSE:CNW), will participate in a panel discussion on Wednesday, September 8 at the Credit Suisse Auto and Transportation Conference in New York City. The panel discussion will begin at approximately 3:00 p.m. Eastern Daylight Time.

Mr. Bruffett also will make a presentation on Thursday, September 9 at the Dahlman Rose Global Transportation Conference in New York City. The presentation will begin at approximately 9:15 a.m. Eastern Daylight Time.

Joining Mr. Bruffett at the Dahlman Rose conference will be Robert L. Bianco Jr., president of Menlo Worldwide Logistics and executive vice president of Con-way Inc. Mr. Bianco will participate in a separate panel discussion on Thursday, September 9 beginning at approximately 11:30 a.m. Eastern Daylight Time.

Parties may listen to Mr. Bruffett’s Dahlman Rose presentation via a live Internet webcast. The audio webcast will be available at www.con-way.com in the investor relations 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 of the presentation will also be available at the Con-way site.

About Con-way Inc.
Con-way Inc. (NYSE:CNW) is a $4.3 billion freight transportation and logistics services company headquartered in San Mateo, Calif. 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) and full truckload and multimodal freight transportation, as well as logistics, warehousing and supply chain management services, and trailer manufacturing. 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 Inc. Announces 2010 Scholarship Winners

Wed, 01 Sep 2010 22:33:00 GMT

Con-way Inc. (NYSE: CNW) today announced that it has awarded nearly $200,000 in educational grants to exemplary children of its employees as part of the annual Con-way Scholarship Program.

This year’s funds will help support the educational aspirations of 166 new and continuing students of universities, community colleges and vocational programs. Since the launch of the program in 1991, Con-way has awarded more than $3.3 million in grants to recipients demonstrating outstanding academic, extracurricular and community achievement.

“Given current economic challenges and the ever-rising cost of higher education, it has never been more important for companies to step up and help our nation’s promising young people fulfill their potential,” said Douglas W. Stotlar, Con-way’s president and CEO. “Providing assistance to these high-achieving students is one way to reward their impressive efforts, and we’re proud to invest in their bright futures.”

The company awarded scholarships to 51 new and 115 continuing students for 2010-2011. Recipients are full-time students with a parent who has been employed for three consecutive years by one of Con-way’s three principal operating companies — Con-way Freight, Con-way Truckload or Menlo Worldwide Logistics — or the company’s corporate and administrative organizations. Winning students this year are pursuing majors in fields including psychology, education, accounting and culinary arts.

The Con-way Scholarship Program is administered by Scholarship America, a national nonprofit student aid organization. The grants are renewable for up to three years, or the completion of a bachelor’s degree or vocational program.

The application period for 2011-2012 scholarships opens Dec. 1, 2010, with a deadline of Feb. 15, 2011. Eligible company employees can request an application for their children through the company’s intranet site or their local human resources representative.

The following students who received first-time awards for the 2010-2011 award cycle are profiled on the company’s website:

Michelle Bennion, Beaverton, Ore.: Brigham Young University
Sherry Blystone, Cumming, Ga.: Oglethorpe University
David Bott, Wadsworth, Ohio: Mercyhurst College
Cierra Brown, Cadiz, Ohio: Ohio University
Considine, Sandwich, Ill.: Loras College
Jacqueline Cordell, Hopkinton, N.H.: University of New Hampshire
Katrine De Asis, Brampton, Ontario, Canada: University of Toronto
Tyler Degener, Albany, N.Y.: State University of New York at Binghamton
Cyndi Dominguez, Hemet, Calif.: Brigham Young University
Jared Dykstra, Kankakee, Ill.: University of Illinois at Urbana-Champaign
Julia Freitag, Huntington, W.Va.: Marshall University
Cody Frye, Spencer, Ind.: Indiana University Bloomington
Travis Gaff, Auburn, Ind.: Purdue University
Carolyn Grigg, Kernersville, N.C.: University of North Carolina at Chapel Hill
Donovan Griggs, Simpsonville, S.C.: Anderson University
Emily Hamill, Arlington, Ind.: Indiana University – Purdue University
Haley Hanes, Lexington, N.C.: North Carolina State University
Maria Heath, Mount Carroll, Ill.: Beloit College
Jenna Heiden, Mason, Ill.: Southern Illinois University
Nathan Hertz, Abilene, Kan.: Wichita State University
Heather Heselwood, Beaverton, Ore.: Oregon State University
Benjamin Holker, Stillwater, Minn.: Minnesota State University Mankato
Daniel Huckey, Portland, Ore.: University of Victoria
Trista Jarvis, Portland, Ore.: Brigham Young University
Whitney Koeninger, Brandon, Fla.: Hillsborough Community College
Heidi Kossow, Oak Creek, Wis.: Milwaukee Area Technical College
Courtney Lane, Burleson, Texas: Texas Woman’s University
Abby Lloyd, Searcy, Ark.: Harding University
Ethan Mallory, Fair Grove, Mo.: Missouri State University
Ruby Maly, Portland, Ore.: Beloit College
Daniel McDonald, Portland, Ore.: Seattle Pacific University
Lauren McDonald, Jackson, Mich.: Hillsdale College
Kayla Morrow, Kannapolis, N.C.: Lenoir-Rhyne University
Haley Nagel, Lamar, Mo.: Missouri State University
Ashkaun Parandvash, Beaverton, Ore.: Oregon State University
Ashley Pistello, Orland Park, Ill.: Butler University
Alberto Sanchez Jr., Laredo, Texas: Texas A&M University
Desiree Saucedo, Brighton, Colo.: Front Range Community College
Jessica Schreuder, Cedar Springs, Mich.: Berkeley College
Jennifer Sebestik, Sandwich, Ill.: North Dakota State University
Michael Stocke, Hermantown, Minn.: University of Minnesota Duluth
Ryan Tegtmeier, Independence, Iowa: University of Iowa
Haley Tessaro, Ceres, Calif.: University of California Berkeley
Alexa Ura, Laredo, Texas: University of Texas at Austin
Paige Vacha, Kent, Ohio: Indiana Wesleyan University
Alan Walters, Wayne, Ill.: University of Illinois at Urbana-Champaign
Kati Webster, Flushing, Mich.: University of Michigan Flint
Teresa Whetstone, Medina, Ohio: Westminster College
Amy Winkler, Muskego, Wis.: Carroll University
Keifer Winn, Hillsboro, Mo.: Washington and Lee University
Stephanie Woods, Portland, Ore.: Seattle Pacific University

Follow the company on Twitter: http://twitter.com/Con_way_.

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

About Con-way Inc.
Con-way Inc. (NYSE: CNW) is a $4.3 billion freight transportation and logistics services company headquartered in San Mateo, Calif. A diversified transportation company, Con-way delivers industry-leading services through three primary operating companies: Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics. These operating units provide high-performance, day-definite less-than-truckload (LTL) and full truckload and intermodal freight transportation, as well as logistics, warehousing and supply chain management services and trailer manufacturing. 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 Worldwide Logistics Ranked No. 3 on 2010 Inbound Logistics Top 100 3PL Providers List

Thu, 26 Aug 2010 19:26:00 GMT

Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc. (NYSE: CNW), today announced that it has been ranked No. 3 by Inbound Logistics on its 2010 Top 100 3PL Providers list. Each year, editors of the publication single out the nation’s top service providers for capabilities that best meet or exceed the unique supply chain and logistics needs of their customers. Inbound Logistics is the leading trade magazine targeted toward business logistics and supply chain managers.

“How do today’s leading business logistics managers face the challenges of demand volatility, compliance with complex customer requirements, and achieving the lean operational process so fundamental to success? By relying on a world class logistics partner like those found on the Inbound Logistics Top 100 3PL Providers list,” said Felecia Stratton, editor, Inbound Logistics. “Inbound Logistics selected Menlo Worldwide Logistics as a 2010 Top 100 3PL provider because of its successful track record in acting as a business change agent for its customers, while delivering the operational efficiency needed to be globally competitive.”

“There’s nothing more important to us than helping our customers successfully compete in their markets, and we’re able to achieve that through customized solutions that use lean tools to maximize efficiency, remove waste and increase value,” said Robert L. Bianco Jr., president, Menlo Worldwide Logistics. “In times of economic challenge, it’s critical that companies work with 3PLs capable of driving supply chain excellence, and it’s an honor to be recognized by this prestigious publication for our ability to do just that.”

Each year, editors of Inbound Logistics select the best logistics solutions providers by carefully evaluating submitted information, personal interviews and online research, and comparing that data to the growing global supply chain and logistics challenges of readers. They selected this year’s Top 100 3PLs from a pool of more than 300 companies.

Complete results are available in the July issue of Inbound Logistics.

Follow the Con-way companies on Twitter: http://twitter.com/Con_way_.

Menlo Worldwide Logistics images are available at www.con-way.com/en/about_con_way/newsroom.

About Menlo Worldwide Logistics
Menlo Worldwide Logistics, LLC, is a US$1.4 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 Mateo, Calif.-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 fulfillment and light assembly through a strategic network of multi-client and dedicated facilities. With more than 16 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 $4.3 billion diversified freight transportation and logistics company. For more information, please visit us on the Web at www.con-way.com.

Con-way Announces Management Changes

Tue, 24 Aug 2010 15:21:00 GMT

Con-way Inc. (NYSE: CNW) announced that John G. Labrie, president of Con-way Freight, has left the company to pursue other interests. Effective today, Douglas W. Stotlar, president and CEO of parent company Con-way Inc., has assumed the role of interim President of Con-way Freight, the company’s less-than-truckload business unit.

Stotlar expects to serve as Con-way Freight’s interim president for the next six to 12 months, during which time Con-way Freight will focus exclusively on increasing profitability through yield improvement, cost reduction and operating discipline.

“Con-way Freight has built a 27-year reputation as a premium carrier in all respects,” Stotlar said. “The management changes announced today are intended to ensure that we retain this position, and that we deliver to our shareholders, customers and employees the trust, consistent market-leading performance and sustainable value that have been the foundation of our success for nearly three decades.”

About Con-way
Con-way Inc. (NYSE:CNW) is a $4.3 billion freight transportation and logistics services company headquartered in San Mateo, Calif. A diversified transportation company, Con-way delivers industry-leading services through three primary operating companies: Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics. These operating units provide high-performance, day-definite less-than-truckload and full truckload freight transportation, as well as logistics, warehousing, multimodal and supply chain management services, and trailer manufacturing. 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 us on the Web at 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, in tangible assets and other long-lived assets, the possibility of defaults under Con-way's $400 million 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 7 of Con-way's 2009 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.

Con-way Freight Launches Tech Tools for Customers On The Go

Mon, 16 Aug 2010 20:16:00 GMT

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced it has released a free smart phone application (or “app”) for online shipping services including shipment tracking, rate quotes and document viewing, all presented on a new website specifically designed for mobile devices.

The company launched the new smart phone tools in a demonstration for customers this weekend at the NASCAR Nationwide Series CARFAX 250 race at Michigan International Speedway, where the No. 16 Con-way Freight Ford Mustang piloted by Nationwide Series Rookie of the Year candidate Colin Braun qualified third and finished ninth.

The Con-way Freight Tools app is available for iPhone^® and Android^™ (BlackBerry^® coming soon) environments. It allows customers to complete a variety of shipping tasks on their smart phones, including rate quotes, tracking a freight shipment, viewing shipping documents and locating a service center.

The mobile website is a simplified version of Con-way Freight’s award-winning commercial website, www.con-way.com/freight, with the mobile version optimized for quick uploading and seamless, responsive functionality on a smart phone. Simplified features on the mobile site allow customers to register as web users, sign up for proactive alerts and other information, get news updates, stay current with the latest developments at Con-way Racing and more.

“We’re continually examining opportunities to make it easier for customers to do business with us — over whatever platform they find most convenient and efficient,” said John G. Labrie, president, Con-way Freight. “These new tools will be very useful to our customers on the go, putting accurate, up-to-date information about their shipments and tools that help streamline the management of their shipping needs right in the palm of their hands.”

To get the Con-way Freight Tools app, a customer can download it directly from their phone’s app store. Once downloaded, they should go to the phone’s settings and enter their Con-way Freight web registered username and password. They can then launch the app. To access the company’s mobile website, they can simply enter www.con-way.com/freight in their smart phone’s Internet browser address window to be redirected.

For more information, visit www.con-way.com/mobile.

Follow Con-way Freight on Twitter: www.twitter.com/Con_way_.

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 more than 300 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 (LCL) ocean shipments from Asia through its OceanGuaranteed^® service; U.S. and Europe delivery for inbound and outbound international cargoes through an exclusive alliance with TNT; 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 $4.3 billion diversified freight transportation and logistics services company. For more information, visit www.con-way.com/en/freight.

Con-way Freight Driver Honored with Washington Driver of the Year Award

Mon, 16 Aug 2010 07:00:00 GMT

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced that one of its driver sales representatives has been named 2010 Washington Driver of the Year by Washington Trucking Associations (WTA). John Wasiuk received the award at WTA’s Common Carrier Conference and was honored by the organization at its annual “Day with the Winners” event held at Emerald Downs racetrack on July 31.

“John Wasiuk upholds all of the values we seek in our Driver of the Year and is held in high regard by the state of Washington, his employer, Con-way Freight, and the Washington State Patrol,” said Mike Southards, director of safety, Washington Trucking Associations. “He’s a perfect ambassador for the driver community and their commitment to safety, and WTA is proud to recognize him for his contributions over the years.”

WTA drivers are nominated by their employers and subsequently evaluated by the Washington State Patrol, one of many city, county, state and federal agencies WTA works with to better serve the trucking community. Selection criteria for the award includes years of experience in the industry, miles driven, preventable accidents, moving violations and community involvement. Wasiuk has driven more than one million miles during his career with no recordable accidents.

“With his stellar safety profile and years of experience driving — the bulk of which over Washington state’s roadways — it’s wonderful that WTA is applauding his achievements,” said John G. Labrie, president, Con-way Freight. “We congratulate John on his efforts to provide our customers with superior customer service, while living out our values of Safety, Integrity, Commitment and Excellence.”

Wasiuk is based at Con-way Freight’s Seattle service center and has been a professional truck driver for more than 25 years. He began his career in the transportation industry in California in 1979 and obtained his commercial driver’s license in 1986 before relocating to Washington state. There he worked for several freight carriers before joining Con-way Freight in 1995. Wasiuk ran linehaul for Con-way Freight for two years, before becoming a pickup and delivery driver for the company in the Seattle area. A resident of Auburn, Wash., he is married and has two children.

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

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

Con-way Freight is a subsidiary of Con-way Inc. (NYSE: CNW), a $4.3 billion diversified freight transportation and logistics services company. For more information, visit www.con-way.com/en/freight.

Con-way Truckload Opens Fourth Driver Orientation Center in Columbus, Ohio

Wed, 11 Aug 2010 07:00:00 GMT

Con-way Truckload, a full truckload carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced it has opened a driver orientation center in Columbus, Ohio. The new location adds to the company’s network of three others that are strategically located around the country, reducing travel time and making it easier and less expensive for driver candidates to attend — regardless of where they reside.

In addition to the center in Ohio, Con-way Truckload offers driver orientations at its Joplin, Mo., and Lancaster, Texas, driver terminals, and at a location in Jacksonville, Fla. During the week-long orientation sessions, which are held year-round, driver candidates are interviewed, attend safety training, take their road tests and undergo health and drug screenings. Drivers are paid for successfully completing the orientation program. Con-way Truckload also pays for hotel accommodations.

“Our driver orientations are an important component of our recruiting process and help us select the best of the best in the industry,” said Bert Johnson, director of human resources and recruiting, Con-way Truckload. “This opening benefits both Con-way Truckload and those applying to drive for us — we gain access to a larger community of professional drivers and drivers don’t have to worry about the time and money required to complete orientation.”

Con-way Truckload is currently hiring experienced over-the-road solo and team drivers. Interested candidates should have a Class A commercial driver’s license (CDL) and be willing and able to drive all 48 states and Canada. The company offers a separate program for those drivers with limited experience, such as students. To learn more about employment opportunities, submit an application or chat online with a recruiter, please visit www.con-way.com/truckload and click on Driver Information.

Drivers can also call 866-WORK-4-US (866-967-5487).

Follow the company on Twitter: http://twitter.com/Con_way_

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 $4.3 billion diversified freight transportation and global logistics company.

Con-way Freight Driver Carl Krites is Grand Champion of the 2010 National Truck Driving Championships

Tue, 10 Aug 2010 07:00:00 GMT

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE: CNW), announced today that Carl Krites, a driver sales representative based out of the company’s Sidney, Ohio, service center, was crowned Grand Champion of the 2010 National Truck Driving Championships.

Krites, a 31-year industry veteran, captured the national title by outscoring 415 of the nation’s best truck drivers who competed in the 73rd annual competition, conducted by the American Trucking Associations (ATA) last week in Columbus, Ohio.

A resident of Wapakoneta, Ohio, Krites has participated in state truck driving championships since 2002. This year marked his first trip to the national competition, representing Ohio as the state champion in the Tankers class. At the Nationals he took first place in the Tankers class, and based on his composite score, captured the overall title of Grand Champion and industry recognition as the nation’s top truck driver. Krites has been a Con-way Freight driver sales representative since 1998.

Krites brings home the national title to Con-way Freight for the second consecutive year, taking over the crown from his colleague Dale Duncan, a Con-way Freight driver from San Diego, who was last year’s Grand Champion.

Five other Con-way Freight drivers also won accolades at the “Super Bowl of Safety.” These included:

Pasco, Washington’s Ken Jensen Jr., who finished second in the 3-Axle division.
San Diego, California’s Dale Duncan, who captured third place in the Tankers category.
Providence, Rhode Island’s Joseph Hicks, who came away with the Rookie of the Year trophy, the second year in a row a Con-way Freight driver has been so honored.
Phoenix, Arizona’s Ina Daly, who was the only competitor to achieve a perfect score on the written exam.
Norcross, Georgia’s Dennis Day, who received the prestigious Neill Darmstadter Professional Excellence Award, conferred on the competitor who demonstrates outstanding driving skills, attitude, professionalism and frequent participation in the national competition.

“On behalf of the entire Con-way Freight organization, I want to congratulate Carl Krites on a tremendous milestone,” said John G. Labrie, president, Con-way Freight. “To go up against the best of the best and come out on top is a signature accomplishment that speaks volumes about his professionalism and commitment to excellence. We are also very proud of Joseph Hicks and Dennis Day for their achievements, as well as the fine efforts of our other top three competitors.”

Labrie noted that the company sent a record 92 drivers to this year’s competition. “These individuals are true professionals in every sense of the word, demonstrating the attitude, spirit and commitment it takes to be the best,” he said. “Yet I’m just as proud of the 920 Con-way Freight drivers who devoted the time to train, study and compete in state competitions across the nation. Their hard work, professionalism and dedication to our number one core value of Safety deserve equal recognition.”

As the 2010 Grand Champion, Con-way Freight is awarding Krites a new Ford F-150 pickup truck (or the cash equivalent). He also will receive a customized commercial tractor displaying his name and championship title, which he will drive exclusively for the next year. In addition, he and Joseph Hicks will receive special cash prizes for winning the Grand Champion and Rookie of the Year titles.

In this year’s competition, Con-way Freight fielded a total of 92 U.S. state champions from 38 states. They included state Grand Champions from eight states, as well as first place teams from Connecticut, Georgia, Idaho, Iowa, Kentucky, Massachusetts, North Dakota, Pennsylvania and Wisconsin. In the corresponding Canadian event, company drivers won two provincial championships and team honors in Manitoba. The Canadian National Truck Driving Championships will be held in September in Winnipeg.

To qualify for U.S. state and national competitions, drivers must have maintained an accident-free driving record for the previous year. At the national competition, drivers face testing in three areas: a timed written exam, a pre-trip inspection test and a driving skills test. Each driver competes in one of nine equipment classes: 3-Axle, 4-Axle, 5-Axle, 5-Axle Flatbed, 5-Axle Sleeper, Step Van, Straight Truck, Tankers and Twins.

The National Truck Driving Championships bring together hundreds of the nation’s most skilled and accomplished commercial truck drivers each year. Since the first championships in 1937, 14 Con-way Freight drivers have been named National Champion in their equipment classes.

Follow Con-way Freight on Twitter: www.twitter.com/Con_way_.

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

Con-way Freight is a subsidiary of Con-way Inc. (NYSE: CNW), a $4.3 billion diversified freight transportation and logistics services company. For more information, visit www.con-way.com/en/freight.

Con-way Inc. Reports Second-Quarter Results For 2010

Wed, 04 Aug 2010 18:04:00 GMT

Con-way Inc. (NYSE:CNW) today reported net income to common shareholders for the second quarter of 2010 of $13.9 million (26 cents per diluted share). The results compared to second-quarter 2009 net income to common shareholders of $31.5 million (64 cents per diluted share).

Revenue in the second quarter of 2010 was $1.31 billion, a 23.7 percent increase from last year’s second quarter. Operating income in the 2010 second quarter was $35.4 million, compared to $66.0 million in the second quarter a year ago.

The effective tax rate in the 2010 second quarter was 31.7 percent, compared to 33.1 percent in the same quarter of last year. Both periods included discrete tax adjustments that reduced the effective tax rate.

Commenting on the quarter’s results, Douglas W. Stotlar, Con-way’s president and CEO, noted that seasonally stronger demand and rebounding economic activity supported revenue growth in all reporting segments, particularly at Con-way Freight. “The second quarter saw Con-way Freight’s business levels surge to record volumes, resulting in higher variable operating costs,” Stotlar noted. “The quarter’s results also reflect the effect of wage increases implemented in January this year and resumption of accruals in April for paid time off benefits.”

Stotlar added that efforts to improve pricing showed modest progress in the quarter. “Yield each month in the quarter improved sequentially. However, managing the balance between price and volume while bringing costs into alignment will take time, which restrains our expectations for near-term improvement.”

Menlo Worldwide Logistics produced another strong quarter. “Menlo’s core warehousing and transportation management operations turned in significant growth in both revenues and profits,” Stotlar noted. “Our global logistics and supply chain management company continues to do a fine job managing its costs, creating high-service value for its customers, and delivering excellent performance. Menlo is on track for another solid year.”

In line with its earlier-announced strategy to shift a portion of its assets away from affiliate company business in favor of external market-based traffic, Con-way Truckload made significant progress repositioning and rebalancing its network during the quarter, Stotlar noted. “Our Truckload team was successful in meeting this strategic objective,” he said. “We are confident that by redeploying some of the fleet at this inflection point in the demand environment, we will be able to take advantage of higher-margin traffic as supply continues to tighten.”

Stotlar added that spot pricing strength seen in the first quarter has now begun to show up in longer-term truckload contract pricing, as customers take steps to ensure access to capacity. “The market fundamentals have changed dramatically over the past quarter, improving Con-way Truckload’s prospects for the rest of the year,” Stotlar said.

Operating results in the 2010 second quarter for Con-way’s reporting segments were as follows:

FREIGHT

For the 2010 second quarter, Con-way Freight, the company’s less-than-truckload (LTL) operation, reported:

Revenue of $817.0 million, a 25.8 percent increase over last year’s second-quarter revenue of $649.3 million.
Yield declined 2.1 percent from the previous-year second quarter. Excluding the fuel surcharge, yield declined 6.4 percent.
Weight per day increased 29.2 percent over the previous-year second quarter.
Operating income of $17.2 million, compared to $49.0 million in the year-ago period. Results were adversely affected by higher labor, equipment rental and purchased transportation costs as network volumes remained at record levels. Also, increased payroll costs from partial reinstatement of employee wage and benefit reductions taken last year reduced current-quarter operating income by approximately $15 million.
Operating ratio of 97.9 in the 2010 second quarter compared to 92.5 in the previous-year period.

LOGISTICS

For the second quarter of 2010, Menlo Worldwide Logistics, the company’s global logistics and supply chain management operation, reported:

Revenue of $385.8 million, up 17.8 percent from the prior-year second-quarter revenue of $327.6 million.
Net revenue of $142.8 million, which increased 12.1 percent from $127.4 million in the same period of last year.
Operating income of $13.0 million, a 66.8 percent increase from the $7.8 million earned in the second quarter of 2009.

Both of Menlo’s core operations of warehousing and transportation management services realized year-over-year improvements in revenue, net revenue and operating income.

TRUCKLOAD

For the second quarter of 2010, Con-way Truckload, the company’s full-truckload transportation operation, reported:

Revenue of $145.5 million, a 1.5 percent increase from the prior-year second-quarter revenue of $143.3 million. The increase was attributable to higher fuel surcharges and improved revenue per loaded mile. Partially offsetting the increase was the negative effect of lower total miles in the quarter, which reduced revenue (excluding fuel surcharges), and a higher proportion of empty miles resulting from fleet repositioning activities.
Operating income of $5.1 million compared to the $6.9 million earned in last year’s second quarter. Included in the results was a $7.6 million increase in vehicular claims expense, resulting from substantially higher-than-plan expense in the current quarter, compared to a historically low expense in the prior-year quarter. The previous-year quarter also included a $2.5 million loss from the sale of tractors and a $1.0 million write-down related to the 2007 CFI acquisition.
Operating ratio on revenue, exclusive of fuel surcharges, was 95.7 in the second quarter of 2010, compared to 94.7 in the second quarter of 2009.

CON-WAY OTHER

Con-way Other includes the company’s Road Systems, Inc. trailer-manufacturing unit as well as other corporate activities. These activities produced break-even results in the 2010 second quarter compared to prior-year second-quarter operating income of $2.3 million, which relates primarily to corporate reinsurance activities.

INVESTOR CONFERENCE CALL

Con-way will host a conference call for the investment community tomorrow, Thursday, August 5 beginning at 8:30 a.m. Eastern Daylight Time (5:30 a.m. Pacific).

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. Callers are requested to dial in at least five minutes before the start of the call. The call will also be available through a live internet webcast at www.con-way.com, in the investor relations section.

An audio replay will be available for two weeks following the call by dialing (800) 642-1687 or (706) 645-9291 (for international callers) and using access code 86656667. An Internet replay of the presentation will also be available at the Con-way website.

ABOUT CON-WAY

Con-way Inc. (NYSE:CNW) is a $4.3 billion freight transportation and logistics services company headquartered in San Mateo, Calif. A diversified transportation company, Con-way delivers industry-leading services through three primary operating companies: Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics. These operating units provide high-performance, day-definite less-than-truckload and full truckload freight transportation, as well as logistics, warehousing, multimodal and supply chain management services, and trailer manufacturing. 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 us on the Web at 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, in tangible assets and other long-lived assets, the possibility of defaults under Con-way's $400 million 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 7 of Con-way's 2009 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.

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Con-way Truckload Announces Second-Quarter Drivers of the Month

Mon, 02 Aug 2010 07:00:00 GMT

Con-way Truckload, a full truckload carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced the 18 winners of its Drivers of the Month recognition for the second quarter of 2010.

“These exceptional drivers demonstrate the utmost in professionalism every day, and they are truly deserving of this honor for their hard work,” said Randy Cornell, vice president of safety, Con-way Truckload. “We thank them for their superior performance and congratulate them on joining the impressive ranks of our Drivers of the Month.”

The following drivers were recognized by the company:

April

Company Driver of the Month: Jose Hernandez joined Con-way Truckload as a student in 2006, and has since trained more than 20 students and driven roughly 505,000 miles. He currently lives in Eagle Pass, Texas, with his wife, Tanya, and their children, Emily and Joe. When he’s not on the road, Hernandez enjoys cookouts and spending time with his family.

Company Team of the Month: Al and Jenn Sidwell joined Con-way Truckload in 2005 and have been professional drivers for a combined total of 28 years. The residents of Whipple, Ohio, have four children. They like to spend their free time fishing and riding all-terrain vehicles.

Owner-Operator Driver of the Month: Thomas Rice began his driving career 34 years ago and started driving for Con-way Truckload in 1987. He has since driven more than 2.5 million miles. He currently lives in Arden, N.C., where he enjoys riding his motorcycle and spending time with friends.

Owner-Operator Team of the Month: Stacy and Donna Moran have traveled more than 3.3 million miles for Con-way Truckload, with Stacy driving for the company since 1995 and Donna following him into the profession in 1998. Married for 26 years, the Granbury, Texas, couple has two children and five grandchildren. When they’re not driving, Stacy likes to fish, camp and ride his motorcycle, while Donna enjoys spending time with their grandchildren.

May

Company Driver of the Month: Chris Bennett has been driving professionally for more than 23 years. Since joining Con-way Truckload, he has driven more than 310,000 miles. A resident of Alamogordo, N.M., Bennett spends his spare time target shooting, fishing and spending time with his father.

Company Team of the Month: Richard Dyer and Richard Dyer II are a father-son driving team based in Charlotte, N.C. Richard began driving eight years ago, while Richard II has been a professional driver for more than nine years. Richard has two children, Richard II and a daughter, and Richard II has a daughter. When they have time off, both enjoy bass fishing and riding their motorcycles.

Owner-Operator of the Month: Santos Rangel began his professional truck driving career in 1994 and has driven more than 1.2 million miles since joining Con-way Truckload in 2001. Rangel currently lives in Mesquite, Texas, with his wife and two sons. In his free time, he likes fishing and being outdoors.

Owner-Operator Team of the Month: Sokphat Sao and Mom Prom have been driving for a combined total of nine years, with Sokphat joining the company in 2006 and Mom in 2007. Currently based in Lexington, N.C., the couple has four sons. When they’re not driving, they enjoy riding motorcycles and spending time with their family.

June

Company Driver of the Month: Mark Corsaw became a Con-way Truckload driver in 2002 and has driven professionally for 12 years. Since he joined the company, he has driven more than 1.1 million miles. Corsaw lives in El Paso, Texas, with his wife and two children. In his free time, he spends time with his family and rides his motorcycle.

Company Team of the Month: Lee Chapman and Bernard Richter have been professional drivers for three years and two years, respectively. Chapman is married and lives in San Diego, where he enjoys restoring classic cars. Richter, a former mortgage broker, is also married and lives with his family of four in San Diego. He enjoys flying planes and sailing.

Owner-Operator Driver of the Month: Roger Parker has been driving professionally for 15 years. Since joining Con-way Truckload in 2006, he has driven more than 510,000 miles. A resident of Ridgely, Tenn., Parker is married and has a daughter. When he’s not on the road, he spends time fixing old cars and working in his yard.

Owner-Operator Team of the Month: John and Sherry Hufford have driven more than 2.4 million miles since becoming Con-way Truckload drivers in 2000, and have been driving professionally since 1995. The couple has two children and one granddaughter, and resides in Bell, Fla. In their spare time, they enjoy spending time with their granddaughter and saltwater fishing.

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Con-way Inc. (NYSE: CNW) is a $4.3 billion diversified freight transportation and global logistics company.