SAN MATEO, CA - April 25, 2006
The Board of Directors of Con-way Inc. (NYSE:CNW) yesterday declared a cash dividend of 10 cents per share on the company's common stock. The dividend is payable June 14, 2006 to shareholders of record on May 15, 2006.
In other news from yesterday’s board meeting, the company was authorized to pursue removal of its common stock’s listing on the NYSE Arca, formerly known as the Pacific Stock Exchange. The decision reflects the Board’s position that listing on the NYSE Arca is no longer necessary for the benefit of the Company’s shareholders, and that the expense of maintaining the listing outweighs any value to shareholders. NYSE Arca officials have been notified of the company’s intention.
The company’s stock will continue to be listed and traded on the New York Stock Exchange and registered under Section 12(b) of the Securities Exchange Act of 1934.Con-way Inc. (NYSE:CNW) is a $ 4.2 billion freight transportation and logistics company with businesses in less-than-truckload and full truckload freight services, expedite, brokerage, airfreight forwarding, logistics, warehousing, supply chain management and trailer manufacturing. For further information about Con-way and additional press releases are available via the Internet at.....www.con-way.com.
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