Con-way Newsroom

Con-way Freight Named a 2009 Top 100 Motor Carrier by Inbound Logistics

Thu, 19 Nov 2009 20:45:00 GMT

Con-way Freight, a less-than-truckload (LTL) freight carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced that it has been named to Inbound Logistics’ Top 100 Motor Carrier list for the third consecutive year. The company was also recognized in 2007 and 2008. The full list can be found in the September issue of Inbound Logistics.

“In a down economy, business logistics leaders and transportation buyers appreciate motor freight carriers that are proactive, take the lead in offering suggestions, work to cut costs and maintain high on-time delivery and customer service levels. Con-way Freight qualified as an Inbound Logistics 2009 Top 100 Motor Carrier because they have shown consistent results in transforming customers’ transportation networks,” said Felecia Stratton, editor, Inbound Logistics.

Each year motor companies that want to be included on the Inbound Logistics list complete a survey questionnaire, which asks for information on services offered and geographies serviced, as well as opinions on topics such as increasing pricing pressures, shrinking capacity and greatest challenges. This year more than 300 companies participated in the survey.

“Being named to this list shows that Con-way Freight is consistently considered one of the top LTL carriers in the United States,” said John G. Labrie, president, Con-way Freight. “Our employees’ dedication to providing Con-way Freight customers with exception-free, better on-time service performance and faster transit times has resulted in this prestigious recognition. We congratulate and thank them for their efforts.”

The Inbound Logistics editorial staff selected the Top 100 Motor Carriers by evaluating questionnaires, research and conducting personal interviews with shippers, trucking company executives, facility managers, drivers and others in the industry.

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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; expedited U.S. delivery for inbound international cargoes from Europe 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 ISO 9001- and 14001-, 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 Executive to Address Stephens Inc. Conference

Fri, 13 Nov 2009 08:00:00 GMT

Stephen L. Bruffett, executive vice-president and chief financial officer of Con-way Inc. (NYSE:CNW), will make a presentation on Wednesday, November 18 at the Stephens Inc. Fall Investment Conference in New York City. The presentation will begin at approximately 10:30 a.m. Eastern Standard Time.

Parties may listen to the event via a live Internet webcast. The audio webcast will be available at www.con-way.com in the investor relations section. To listen to the call, 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.

Menlo Worldwide Logistics Named as a Top Supplier for Sears Holdings Corporation

Thu, 12 Nov 2009 08:00:00 GMT

Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc. (NYSE: CNW), today announced that it has been named a 2008 Partner in Progress for Sears Holdings Corporation. This is the second consecutive year Menlo has received the award and the third time overall.

The prestigious Partners in Progress award is presented annually to a select group of supplier companies that provide Sears Holdings with quality products and services, from apparel, appliances and tools to marketing, facilities design and technology. Less than one percent of Sears Holdings' over 10,000 suppliers earn the coveted award each year.

Interim CEO and President Bruce Johnson congratulated the winners, stating: "Sears Holdings relies on its supplier community, as well as the quality of the merchandise and services they provide, to help us create lasting relationships with our customers and empower them to manage their lives. This program was started more than 25 years ago and is a testament to the importance of collaborating with our supplier partners to better serve our customers and increase productivity."

Menlo’s relationship with Sears Holdings Corporation began 17 years ago. In addition to providing transportation management and garment inspection services for the nation’s fourth largest broadline retailer, Menlo handled the seamless integration of five cross-dock operations, which the company continues to manage.

“Only the best of the best among Sears’ suppliers are recognized with the Partners in Progress award and we are thrilled to be a part of this esteemed group,” said Robert L. Bianco Jr., president, Menlo Worldwide Logistics. “Our custom solutions, commitment to service and talented employees contributed to this honor and we are grateful for the recognition.”

The Partners in Progress program recognizes suppliers for product or service quality, innovation, diversity and overall market performance. The winners were selected from nominations submitted by Sears' associates who purchased goods and services for the company in 2008.

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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 freight transportation and logistics company. For more information, please visit us on the Web at www.con-way.com.

About Sears Holdings Corporation
Sears Holdings Corporation is the nation's fourth largest broadline retailer with approximately 3,900 full-line and specialty retail stores in the United States and Canada. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as wellas the Apostrophe and Covington brands. It also has Martha Stewart Everyday products, which are offered exclusively in the U.S. by Kmart. We are the nation's largest provider of home services, with more than 12 million service calls made annually. Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' website at http://www.searsholdings.com.

Con-way Executive to Address Stephens Inc. Conference

Mon, 09 Nov 2009 08:00:00 GMT

Con-way Executive to Address Robert W. Baird Conference

Fri, 06 Nov 2009 08:00:00 GMT

Stephen L. Bruffett, executive vice-president and chief financial officer of Con-way Inc. (NYSE:CNW), will make a presentation on Tuesday, November 10 at the Robert W. Baird & Co. Industrials Conference in Chicago. The presentation will begin at approximately 10:40 a.m. Central Standard Time.

Con-way Inc. Named to Inbound Logistics' Top 25 List of Green Supply Chain Partners

Mon, 09 Nov 2009 08:00:00 GMT

Con-way Inc. (NYSE: CNW) today announced that it has been named to Inbound Logistics’ inaugural 25 Green Supply Chain Partners (G25) list. The first annual index recognizes transportation companies that are implementing efficient, measurable sustainability programs. According to Inbound Logistics, the G25 represents the industry’s sustainable supply chain visionaries that are on the “cutting edge of green.” Click here to view the full list.

“Today the green movement has evolved to a point where companies are being held accountable for making significant and measurable contributions to the sustainability of the environment,” said David L. Miller, Con-way’s senior vice president, global policy and economic sustainability. “It’s an honor to know that Con-way is being included among the leading innovators in sustainability for the transportation industry and is being positioned as a role model in this ongoing journey of improvement.”

In early 2008, Con-way launched a formal sustainability program across its operating companies — Con-way Truckload, Con-way Freight and Menlo Worldwide Logistics — and at its trailer manufacturing division, Road Systems, Inc. (RSI). Sustainability highlights across the enterprise include:

Con-way Freight (SmartWay Transport Partner since 2006)

SmartWay Excellence Award winner — 2008
Speed reduction — 65 to 62 mph in 2008
Installed low-profile tires to improve rolling resistance and reduce weight
Set idling monitors to three minutes
Annual diesel fuel savings: 3,594,377 gallons (3.8 percent)
Annual carbon dioxide emissions reduction: 601,928 tons
Annual particulate matter emissions reduction: 32.09 tons

Con-way Truckload (SmartWay Transport Partner since 2005)

SmartWay Excellence Award winner in 2006 and 2007
Speed reduction — 70 to 65 mph in 2008
100 percent of tractors converted to single wide-base tires
Truck spec weight lowered by 670 pounds, saving 11,400 gallons of diesel fuel each year
Annual diesel fuel savings: 3,050,060 gallons
Annual carbon dioxide emissions reduction: 340,872 tons
Annual particulate matter emissions reduction: 21.63 tons

Menlo Worldwide Logistics (SmartWay Transport Partner since 2007)

85 percent of network miles run by SmartWay-approved carriers, with 75 percent carrier participation
Implemented no-idling policy at distribution centers
Launched the first LEED-certified warehouse
Installed more efficient lighting and motion detection systems to reduce energy consumption
Conducted energy audits at 18 company locations

RSI

Recycled 80 percent of old trailers, eliminating 7,424 pounds of waste per 28-foot trailer
Recycled all aluminum components, suspension and wheel end components, tires and wheels
Established a facilitywide recycling program for paper, plastic and aluminum

“Working to shrink our carbon footprint in meaningful, tangible ways is a continuous process of improvement and waste reduction, not unlike Lean and Six Sigma methodologies,” added Miller. “Effective green initiatives can and should be founded in good business practice that achieves environmental goals while contributing to efficiency and the bottom line. It provides competitive advantage on several fronts while benefiting our customers and their sustainability strategies.”

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Con-way 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.

Con-way Inc. Ranks 101st on the 2009 InformationWeek 500 List of Top U.S. Technology Innovators

Thu, 05 Nov 2009 08:00:00 GMT

Con-way Inc. (NYSE:CNW) today announced that it ranked 101^st in the 2009 InformationWeek 500, an annual listing of the nation’s most innovative users of business technology. The publication honored Con-way for its Linehaul Simulation tool, an innovative Web-based solution designed for its less-than-truckload (LTL) subsidiary, Con-way Freight. The 2009 InformationWeek 500 companies were revealed at a recent awards ceremony held during the InformationWeek 500 Conference at the St. Regis Monarch Beach Resort in Dana Point, Calif.

“For over 20 years, the InformationWeek 500 has honored the most innovative users of business technology,” said InformationWeek Editor-in-Chief Rob Preston. “Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue and establish a competitive advantage. We applaud this year’s winners, and the CIOs and other executives whose ingenuity and risktaking are at the center of business technology innovation.”

The Linehaul Simulation tool quickly produces an analysis of the effects of potential changes to Con-way Freight’s linehaul network. By simulating the flow of freight through the proposed system, it measures how the changes would affect performance and reveals whether the changes would be beneficial from a variety of perspectives. Before the company created the tool, implementing even minor alterations was extremely time- and labor-intensive, due to the complexity of dependencies within the network. Con-way Freight utilized the tool in the implementation of a major 2008 network reengineering projected to significantly cut costs and reduce the company’s carbon footprint.

“Our Linehaul Simulation tool represents the very successful end result of months of hard work by Con-way employees,” said Jacquelyn Barretta, vice president and chief information officer, Con-way Inc. “It is a prime example of how technology can be integrated into business practices to achieve significant cost and time savings and improve processes throughout our operations. Being named to the top 250 of the InformationWeek 500 list is an honor and a tribute to the team whose dedication made this solution possible.”

InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing, now in its 21st year, and also tracks the technology, strategies, investments and administrative practices of America’s best-known companies. Top winners have included: Con-way, National Semiconductor, Kimberly-Clark, Hilton Hotels and Unum. The InformationWeek 500 rankings are unique among corporate rankings as they spotlight the power of innovation in information technology, rather than simply identifying the biggest IT spenders.

Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.

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About InformationWeek Business Technology Network (http://www.informationweek.com/)
The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow — from the defining and framing of objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties like DarkReading.com (security), IntelligentEnterprise.com (application architecture), Network Computing (networking and communications) and PlugintotheCloud.com (cloud computing). The network also provides focused content for key IT targets such as CIOs, developers and SMBs with Dr. Dobb’s InformationWeek Global CIO and bMighty.com, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare. With content at the nucleus of our information distribution strategy, IT professionals turn to our network of expert voices, research and communities to stay informed, get advice, and research technologies to make strategic business decisions.

AboutTechWeb
(http://www.techweb.com/aboutus)
TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the InformationWeek.com, Light Reading, Intelligent Enterprise, bMighty.com, and Advanced Trading; and the market leading, award-winning InformationWeek and Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, market research, and analyst services.

TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

*13.3 million business decision-makers: based on # of monthly connections across TechWeb brands.

Con-way Inc. Reports Third-Quarter 2009 Results

Tue, 03 Nov 2009 19:53:00 GMT

Con-way Inc. (NYSE:CNW) today reported net income available to common shareholders for the third quarter of 2009 of $13.5 million, or 27 cents per diluted share. The results compare to third-quarter 2008 net income available to common shareholders of $38.8 million, or 81 cents per diluted share.

The 2009 third quarter included the effect of a change in accounting estimate related to revenue adjustments at Con-way Freight and a charge for certain discrete tax items, which reduced net income by 7 cents and 5 cents per diluted share, respectively. Excluding these items, 2009 third-quarter earnings per diluted share were 39 cents.

The 2008 third quarter results reflected the effect of preferred stock dividends. The company subsequently converted its preferred stock to common stock on June 30 this year.

Operating income in the 2009 third quarter was $41.1 million compared to $78.9 million earned in the third quarter a year ago. Revenue in the 2009 third quarter was $1.13 billion, down from last year’s third-quarter revenue of $1.37 billion as the recessionary economy curtailed demand for services.

Commenting on the quarter, Con-way President and CEO Douglas W. Stotlar said, “Our operating companies have adjusted to the resetting economy. Overall, the business environment continues to present formidable challenges, characterized by weak demand, excess capacity and pricing pressure. We expect these conditions to persist in the near term, diminishing the prospects for earnings growth.”

Con-way Freight continued to post sequential quarter-to-quarter 2009 tonnage growth while yield and profits declined due to several factors. “We made a strategic decision, implemented over the past two quarters, to improve network utilization and we met this objective,” noted Stotlar. “Profits were constrained due to pricing levels, higher variable operating costs associated with the tonnage growth and lower fuel surcharge revenues. While pricing is likely to remain under pressure, we believe the increased network volumes put us in a better position competitively; we are now instituting specific measures to improve operating efficiency.”

Menlo Worldwide Logistics produced a second consecutive quarter of solid operating results. “Menlo did a superb job managing its costs,” Stotlar said. “These results speak to the consistent, successful execution of its business model, particularly in the 4PL segment and with its multi-client warehousing operations. Menlo continues to enjoy a strong sales pipeline and an excellent win rate on new projects, which has helped offset business declines from existing clients.”

Con-way Truckload performed well in the quarter, effectively managing near-term market challenges while expanding its service portfolio. “Profits were reduced by an asset disposition loss. Excluding this, Con-way Truckload turned in a commendable operating profit in a soft market,” Stotlar noted. “Costs remain well-controlled, asset utilization is improving and our new regional truckload operation is gaining traction. Con-way Truckload continues to be recognized for its premium service value, which is an excellent foundation for growth,” he concluded.

The effective tax rate for the 2009 third quarter was 46.1 percent compared to 36.5 percent in the same period of 2008. The 2009 tax rate was affected by discrete tax items that increased the effective tax rate, while the 2008 tax rate also included discrete tax items, which reduced the effective tax rate.

FREIGHT

For the 2009 third quarter, Con-way Freight, the company’s less-than-truckload operation, reported:

Operating income of $22.8 million, a decrease of 62.7 percent from the $61.1 million earned in the year-ago period. Profitability was diminished from lower pricing driven by overcapacity in the LTL market, and higher variable operating costs due to increased tonnage levels. The 2009 third quarter also was affected by a change in accounting estimate related to revenue adjustments, which decreased income by $5.4 million. The current-quarter comparison to prior year also was affected by employee cost reductions implemented in April 2009.
Revenue of $692.8 million, a 14.3 percent decline from last year’s third-quarter revenue of $808.3 million.
Tonnage per day increased 5.1 percent over the previous-year third quarter.
Yield declined 19.4 percent from the previous-year third quarter, primarily reflecting the weak pricing environment from industry overcapacity. Excluding the fuel surcharge, yield declined 10.5 percent.
Con-way Freight recorded an operating ratio of 96.8 in the 2009 third quarter, including the earlier-mentioned charge for the accounting estimate change.

LOGISTICS

For the third quarter of 2009, Menlo Worldwide Logistics, the company’s global logistics and supply chain management operations, reported:

Operating income of $9.5 million, a 159 percent increase from $3.7 million earned in the third quarter of 2008. The results reflected effective cost controls, ongoing improvements in operating efficiency, and gain-share income.
Revenue of $344.4 million, down 18.0 percent from the previous-year third-quarter revenue of $419.9 million. The decrease reflects a decline in fuel-surcharge revenue from previous levels, and significantly lower costs for purchased transportation sourced by Menlo’s transportation-management group as the company continued to leverage pricing opportunities with third-party trucking service providers.
Net revenue of $129.3 million, a slight increase from $127.9 million in the previous-year third quarter, reflecting higher gain-share revenues.

TRUCKLOAD

For the third quarter of 2009, Con-way Truckload, the company’s full-truckload transportation operation, reported:

Operating income of $10.6 million, a decrease of 30.1 percent compared to $15.2 million in the previous-year period. Results included a $2.3 million charge related to the disposition of 150 tractors that will be replaced during the fourth quarter. Excluding the charge, operating income in the 2009 third quarter was $13.0 million.
Revenue of $95.7 million, after the elimination of $50.6 million in inter-company revenues. This compares to 2008 third-quarter revenue of $140.9 million (after elimination of $42.7 million in inter-company revenues).
Operating ratio before inter-company eliminations and exclusive of fuel surcharges was 91.7, compared to 88.6 in the third quarter of 2008.

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 losses of $1.8 million and $1.1 million, respectively, in the 2009 and 2008 third quarters.

INVESTOR CONFERENCE CALL

Con-way will host a conference call for the investment community tomorrow, Wednesday, November 4 at 8:30 a.m. Eastern Standard 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 32526465. An Internet replay of the presentation will also be available at the Con-way site.

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 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 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, matters relating to the 1996 spin-off of Consolidated Freightways Corporation ("CFC"), 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 2008 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 Truckload Recognizes Third Quarter Drivers of the Month

Thu, 29 Oct 2009 21:19:00 GMT

Con-way Truckload, a full truckload carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced its Drivers of the Month for July, August and September 2009. The company proudly recognized the following 18 drivers for their exceptional performance:

July

Contractor Driver of the Month:
Marvin Peck has been with Con-way Truckload for seven years and has driven professionally for 22 years. In 2005 and 2006, Con-way Truckload named Marvin Contractor Driver of the Year. To date, he has accumulated more than a million accident-free miles. He resides in Bartlesville, Okla., with his fiancée, Judy. When Marvin is not behind the wheel, he enjoys being at home with his family and working on his farm.

Contractor Team of the Month:
Kathryn Wheeler and James Fisher joined Con-way Truckload in 2008. James has been driving professionally for more than 22 years, and Kathryn for 13 years. In their spare time, the Coshocton, Ohio, driving team enjoys deep sea fishing and playing with their grandchildren.

Company Driver of the Month:
Calvin Shaw joined Con-way Truckload in 2000 and has been driving professionally for 37 years. He lives in Blacksburg, S.C., with his wife, Tammy. They have two children and four grandchildren. In his time off, he enjoys camping and spending time with his family.

Company Team of the Month:
Paul and Betsy Bowerbank have accumulated more than 1.2 million miles with Con-way Truckload and have been driving professionally for more than seven years. When not on the road, the Mesa, Ariz., couple enjoys fishing. Paul also enjoys bowling, while Betsy spends her time swimming.

August

Contractor Driver of the Month:
John Newkirk has been driving professionally since 1971. He joined Con-way Truckload in 1988, and has driven more than 1.7 million miles. John lives in Jay, Okla., with his wife, Pam. They have five children and five grandchildren. During his time off, John enjoys spending time with his family.

Contractor Team of the Month:
Leonard “Duke” and Sharon Locas joined Con-way Truckload in 1999. In their spare time, the Laredo, Texas, couple enjoys relaxing and traveling all over the country. They have three children and four grandchildren.

Company Driver of the Month:
Catherine Cronin joined Con-way Truckload in 2008 and has been driving professionally for five years. Catherine lives in Knoxville, Tenn., where she enjoys reading and spending time with her family.

Company Team of the Month:
Michael Beam and Billy Weaver have been driving a combined 65 years — Michael for 27 and Billy for more than 38. Michael resides in Lawndale, N.C., with his wife, Patty. They have four children and four grandchildren. Billy resides in Shady Dale, Ga., with his wife, Sandra. They have a daughter and two grandchildren. When not on the road, Michael enjoys playing golf, while Billy enjoys using his laptop computer.

September

Contractor Driver of the Month:
Ricky Hilaire has driven more than 1.7 million miles since joining Con-way Truckload in 1996. Ricky lives in Alamogordo, N. M., with his wife of 23 years, Teresa. They have five children and one grandson.

Contractor Team of the Month:
Michael and Jennifer Burns became Con-way Truckload drivers in 2007 and have been driving professionally for more than five years. In their spare time, the Leechburg, Pa., couple enjoys spending time with their friends and family.

Company Driver of the Month:
Ronald Worthington joined Con-way Truckload in 2008 and has driven more than 159,000 accident-free miles. He lives in Lafayette, Ind., where he enjoys spending time with his three children.

Company Team of the Month:
Travis and Sebrina Lopez have driven more than 843,000 miles for Con-way Truckload. Travis joined Con-way Truckload in 2005, and Sebrina joined as a student in 2006. The Friendswood, Texas, couple has three children. When they’re not driving, Travis enjoys hunting and Sebrina enjoys spending time with her family.

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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 8,600 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 billion diversified freight transportation and global logistics company.

Con-way Inc. Announces 2009 Scholarship Winners

Mon, 26 Oct 2009 19:48:00 GMT

Con-way Inc. (NYSE:CNW) today announced the latest recipients of educational grants through its annual scholarship program. This year’s Con-way Scholarship Program will help support the educational aspirations of 51 new and 105 continuing students who are children of the company’s employees.

The 2009-2010 program is awarding $60,000 in new and $118,300 in continuing scholarships. Recipients are full-time students who have a parent working for 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. The recipients are pursuing academic majors including education, engineering and pre-medicine.

Since the program’s launch in 1991, the company has awarded more than $3 million in scholarships to employees’ children who have demonstrated outstanding academic, extracurricular and civic achievement.

“With challenging economic times and college costs on the rise, it has never been more important to support these promising children of our employees as they pursue their goals for higher education,” said Douglas W. Stotlar, Con-way’s president and CEO. “Helping these high-achieving young adults is a well-deserved reward for their hard work and their academic excellence. It’s an investment in the future that we are proud to make.”

Con-way’s scholarship program is administered by Scholarship America, a national nonprofit student aid organization. Students are eligible after a parent has been employed by Con-way for three consecutive years. Awards cover both college and technical school curricula, and are renewable for up to three years as the student completes a bachelor’s degree or vocational program.

The application period for the 2010-11 program opens on December 1, 2009 with the deadline for submittal on February 15, 2010. Employees who meet eligibility requirements can obtain a scholarship application for their children at the company’s intranet web site, or through their human resources representative.

The following students who received first-time awards under the 2009-10 award cycle are profiled on the company’s website:

Nicole Ampe	Coon Rapids, Minn.	Anoka-Ramsey Community College
Rebecca Badgett	Broadview, Mont.	Montana Tech of the University of Montana
Lauren Balaja	Franklin Park, Ill.	Illinois State University
Christopher Beaver	Wichita Falls, Texas	Midwestern State University
Kristina Benedict	Pittsburg, Ill.	Southeast Missouri State University
Chelsey Blada	Devils Lake, N.D.	Northland Community and Technical College
Kimberly Braesch	West Fargo, N.D.	North Dakota State University
Dylon Busser	Dixon, Ill.	University of Illinois at Chicago
Erika Carmicheal	Kendallville, Ind.	University of Indianapolis
Ryan Covert	New Baltimore, Mich.	Oakland University
Helen Dainton	Lowell, Ind.	University of Indianapolis
Lauren Demcak	Sun Prairie, Wis.	University of Wisconsin-Eau Claire
Ronell Eisma	Ann Arbor, Mich.	Michigan State University
Jesica Gilbert	Salem, Ill.	Greenville College
Kayla Hall	Leland, N.C.	University of North Carolina at Chapel Hill
Donald Hampton	Leavenworth, Kan.	Kansas State University
Jessica Hedrick	Davenport, Iowa	Concordia University
Katherine Hirt	Baltimore, Md.	Cornell University
Savannah Jackson	Shreveport, La.	Louisiana State University
Karleigh Jenko	Oxford, Mich.	Saginaw Valley State University
Sarah Kehoe	Gladstone, Ore.	Northern Arizona University
Kylie Kelver	Elkhart, Ind.	Indiana University South Bend
Kelsey Kinavey	Reno, Nev.	Willamette University
Nicholas Kling	Geneva, Ill.	Illinois State University
Whitney Kunze	Lorena, Texas	Texas Tech University
Rebecca Langewicz	Yale, Mich.	University of South Carolina at Aiken
Miranda Lewis	Wichita, Kan.	Wichita State University
Jaime Lightfoot	Alto, Mich.	Grand Rapids Community College
Elizabeth Maddax	Mount Vernon, Wash.	University of Washington
Nicole Maher	Perrysburg, Ohio	Ohio State University - Columbus
Natalie Michajla	Kirkland, Wash.	Montana State University - Bozeman
Brett Monahan	Watertown, S.D.	University of South Dakota
Jecolah Montoya	Elgin, Ill.	Azusa Pacific University
Brittany Moretta	Hamburg, N.Y.	State University of New York at Buffalo
Ketura Nelson	Eagle Point, Ore.	Rogue Community College
Patricia Nelson	Lewisville, Texas	Weatherford College
Brian Pace	Hackettstown, N.J.	Ramapo College of New Jersey
Jonathan Pearson	Beaverton, Ore.	Brigham Young University
Kalli Rafferty	South Beloit, Ill.	Northern Illinois University
Jessica Ramirez	Uvalde, Texas	University of Texas at Austin
Jessica Rochford	Glen Ellyn, Ill.	Illinois Wesleyan University
Leah Sibbio	Tallmadge, Ohio	University of Pittsburgh
Michael Sorenson	Colleyville, Texas	Texas A&M University
Mitchell Truong	Portland, Ore.	Oregon State University
Tara Vandygriff	Rock Island, Ill.	Marquette University
Cassaundra Wass	Cloquet, Minn.	North Central University
Jason Wass	Cloquet, Minn.	College of St. Scholastica
Shannon Wilson	Carlton, Kan.	Kansas State University
Jennifer Woods	Pecatonica, Ill.	Rock Valley College
Michael Yukenavitch	Leola, Pa.	Lancaster Bible College
Alea Zehren	Clintonville, Wis.	University of Wisconsin - Green Bay

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

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

About Con-way Inc.
Con-way Inc. (NYSE:CNW) is a $5 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 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.