Press Releases

CNF Shareholders Approve Name Change To Con-way

Venerable CNF Symbol Retired, Stock Trading on NYSE as CNW Starts Tomorrow

SAN MATEO, CA - April 18, 2006

Shareholders of CNF Inc. (NYSE:CNF) today approved management’s proposal to change the company’s name to Con-way Inc., launching a new chapter in the history of a freight transportation and logistics industry icon.Effective tomorrow, shares of the company on the New York Stock Exchange will trade under the new ticker symbol of CNW. The company also has begun a rebranding initiative to introduce a new Con-way logo and graphic identity as the master corporate brand.

“We’re pleased that shareholders have overwhelmingly voted in support of this proposal,” said Douglas W. Stotlar, president and CEO. “The Con-way name comes from a proud heritage and has a reputation for integrity, commitment and excellence with customers and shareholders. It is a powerful, well-known brand that will provide our enterprise with long-term advantages, a clear value proposition, and a distinct presence in the market.”

Effective today, Con-way Inc. is organized under three primary reporting units:

• Con-way Freight, providing high-performance regional and inter-regional LTL transportation services.  The former names, logos and colors of the three U.S LTL companies, Con-Way Western Express, Con-Way Central Express and Con-Way Southern Express, will be converted to the single Con-way Freight logo and colors while Con-Way Canada Express will be renamed Con-way Freight-Canada. The regional carriers will continue to be organized and operate as they do today. These units provide primarily next-day and second-day LTL freight transportation throughout the U.S., Canada and Mexico within an integrated regional carrier network whose workforce of 20,000 employees services some 60,000 LTL shipments a day, operates 440 service centers and deploys a fleet of 32,000 trucks, tractors and trailers.

• Menlo Worldwide, providing contract logistics and supply chain management services throughout North America and in 21 countries.  Within the Menlo Worldwide portfolio is Vector SCM, the logistics management joint venture with General Motors Corp.  Menlo and Vector will continue to operate under their existing names within the corporate Con-way master brand. The company is currently examining global trademark issues and requirements. Once the research is completed a decision to migrate the Menlo name to Con-way will be considered.

• Con-way Transportation, providing asset-based regional and transcontinental full-truckload services, dedicated expediting throughout North America, domestic brokerage services for truckload and intermodal shipments and air forwarding throughout North America. Under the new master brand initiative, the former Con-Way NOW expediting and Con-Way Full Load brokerage units are renamed Con-way Expedite and Brokerage. Air forwarding unit Con-Way Air becomes Con-way Forwarding. Con-way Truckload will retain its existing name, with its fleet and facilities adopting the new logo and color style. Within Con-way Transportation also will be the corporation’s trailer manufacturing company, Road Systems, Inc. which retains its current name.

Following the approval of the corporate name change, a phased series of activities to conform the marketing and visual presence of the organization to the new master brand has begun. The work will include new logos and striping for trucks and trailers, new building signage, uniforms, business forms, sales, marketing and advertising materials. Rebranding of existing LTL and TL fleet equipment will be done during regular maintenance cycles. Replacement of materials and supplies using the new logo and graphics will occur as existing stores are exhausted. Complete conversion to the company’s new graphic identity is expected to take 24-36 months.

“I want to thank our stockholders for their support, and our employees for their continuing focus on delivering superior value and excellent service to our customers,” said Stotlar. “It’s an exciting time for our enterprise and a milestone in the evolution of a company that has always been able to embrace change and turn it to competitive advantage.”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 Inc. and additional press releases are available via the Internet at.... www.con-way.com

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