Con-way Newsroom

Menlo Worldwide Logistics Singapore Adds MMD as New Consumer Electronics Customer

Tue, 09 Mar 2010 08:00:00 GMT

Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc. (NYSE: CNW), today announced that it has launched a warehouse management and domestic distribution solution for MMD at its Singapore multi-client facility. Menlo is managing more than 25 SKUs for MMD, a wholly owned company of TPV Technology Limited (SEHK: 00903; SGX: TPV), the world’s largest LCD monitor manufacturer.

The operation is located within Menlo’s 7,800-square-meter (84,000-square-foot) multi-client warehouse and serves as MMD’s Singapore domestic distribution center. In addition to warehouse management, Menlo will oversee customs clearance at Singapore Seaport and transportation to the warehouse where the inventory will be received. Menlo will also provide value-added services such as serial number scanning, power cord replacement and product returns.

“As a new company in the competitive consumer electronics marketplace, our goal is to remain focused on our core competency — distribution, marketing and sales of LCD monitors,” said Benjamin Wong, director, MMD. “We have ambitious growth goals for Asia-Pacific, and Menlo has the global expertise, simplified processes and local market presence to help us achieve them. With Menlo, we gain peace of mind.”

MMD is a wholly owned company of TPV Technology Limited established in 2009 through a brand license agreement with Philips to exclusively market and sell Philips-branded LCD displays worldwide. It is a company of 300 people focused on world-class product creation, marketing, distribution and sales. MMD has offices in Taiwan, China, Singapore, Netherlands, CzechRepublic and Brazil.

“With MMD’s growth goals, it was important to have a logistics provider that could deliver superior execution, while serving as an extension of their Singapore-based team,” said Peter Baumann, director of international sales and solutions, Menlo Worldwide Logistics South Asia Region. “MMD will benefit from Menlo’s IT capabilities and consumer retail experience that enable rapid deployment to support MMD’s goals to improve turnaround time to market. In addition, we’ll be working with them to apply lean principles throughout their supply chain in an effort to drive efficiencies, growth and profitability.”

Menlo’s multi-client warehouse management solution offers flexibility in contract commitment length, the ability to share existing IT platforms, an experienced management and labor infrastructure, requisite equipment and assets, and a more extensive geographic network of pre-configured warehouse operations.

In addition to six locations in Singapore, Menlo has multi-client facilities in the United States, Canada, Mexico, Europe and 11 additional locations in Asia-Pacific, including Hong Kong, Shanghai Waigaoqiao, Shanghai, Beijing, Chengdu, Shenzhen and Wuhan, China; Bangkok, Thailand; Mumbai and New Delhi, India; and Sydney, Australia. All of the company’s facilities worldwide operate under the lean principles of continuous improvement and reduction of waste.

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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.

Sonoco Honors Con-way Truckload with 2009 Prospector Award

Mon, 08 Mar 2010 18:01:00 GMT

Con-way Truckload a full truckload carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced that it has been recognized by Sonoco (NYSE: SON) as the recipient of its 2009 Prospector Award. Con-way Truckload received the award in recognition of its proactive approach to creating transportation solutions and growing its business with Sonoco, one of the largest diversified global packaging companies.

Each year, Sonoco presents its Prospector Award to a core carrier that best demonstrates the ability to uncover and develop growth opportunities with Sonoco. Since Con-way Truckload and Sonoco began working together in 2008, Con-way Truckload not only achieved core carrier status but also substantially increased its business with the company by proposing innovative ideas, visiting company facilities and generating creative alternatives for moving freight.

“This accomplishment is a testament to Con-way Truckload’s innovative, detailed and focused approach to building their relationship with Sonoco,” said Jason Ruble, logistics sourcing manager, Sonoco Products Company. “They came to us with new ideas, and crafted thoughtful methods of execution that also reflected the difficulty of implementing change. Their dedication to our business certainly warrants this award.”

“We are very happy that Sonoco Products has recognized our efforts and superior service. It’s a tribute to all of our employees who work diligently to support Sonoco Products,” said Pete Montaño, vice president of sales, Con-way Truckload. “We look forward to fostering the relationship over the years to come.”

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Con-way 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 8,600 trailers operating throughout the United States as well as internationally in Mexico and Canada. The company provides full-truckload transportation serving the transcontinental and regional 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.

About Sonoco
Founded in 1899, Sonoco is a $3.6 billion global manufacturer of industrial and consumer products and provider of packaging services, with more than 300 operations in 35 countries, serving customers in some 85 nations. Sonoco is a proud member of the Dow Jones Sustainability World Index. For more information on the Company, visit our Web site at http://www.sonoco.com/.

Con-way Executives to Address Raymond James and J.P. Morgan Conferences

Fri, 05 Mar 2010 22:31:00 GMT

Con-way Inc. (NYSE:CNW) announced today that Douglas W. Stotlar, Con-way Inc. president and CEO, and John G. Labrie, president of Con-way Freight and executive vice president of Con-way Inc. will be presenting at two upcoming transportation industry investor conferences next week.

On Tuesday, March 9, Stotlar will make a presentation at the Raymond James Institutional Investors Conference in Orlando, Fla. The presentation will begin at approximately 7:30 a.m. Eastern Standard Time.

The next day, Wednesday, March 10, Labrie will address the J.P. Morgan Aviation, Transportation and Defense Conference in New York City. The presentation will begin at approximately 1:30 p.m. Eastern Standard Time.

Parties may listen to each presentation via 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 website.

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 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 Freight Announces Best Year for Safety Since 2003

Tue, 02 Mar 2010 08:00:00 GMT

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced that 2009 was a great success for its safety program, which contributed to improved statistics and numerous industry safety awards. Using Federal Motor Carrier Safety Administration (FMCSA) standards, the company reported an accident frequency rate of .53, or one accident for every 1.9 million miles driven. That number represents a 13.1 percent decrease from Con-way Freight’s 2008 figure. The nationwide average accident frequency for motor carriers is .71, and FMCSA considers a carrier to be operating safely when its rate falls below 1.50.

FMCSA defines a reportable accident as an occurrence that renders a vehicle inoperable or causes a fatality or an injury requiring immediate medical assistance away from the scene. Under Con-way Freight’s more stringent internal accident reporting standards, the company recorded its best statistics since 2003. It achieved an accident frequency rate of 8.87 per million miles driven in 2009, the lowest since the score of 9.50 it achieved seven years ago. Con-way Freight has also seen a reduction in accident frequency every year for the past five years, with 2009’s figure a full 26 percent lower than the rate it reported in 2005. Within the company, an accident is defined as any incident in which a company commercial motor vehicle makes contact with another vehicle, causing any type of damage or injury.

“Con-way Freight’s exemplary results demonstrate a clear dedication to the safety of its drivers and the motoring public,” said Bill Graves, president and CEO, American Trucking Associations (ATA). “I congratulate the company on continuing its successful trend of progress in this extremely important area.”

Con-way Freight’s exemplary 2009 safety performance also extended to the National Truck Driving Championships (NTDC) — also known as the “Super Bowl of Safety” — held in Pittsburgh in August. The company sent a record 88 competitors to the event, ultimately racking up Grand Champion, Rookie of the Year and three divisional first-place wins. State winners from 37 states participated in the event, with each driver facing tests in three areas: a timed written exam, a pre-trip inspection test and a driving skills test.

In addition to its seven-year safety record and highest-ever number of competitors at NTDC, 2009 was also a banner year for Con-way Freight in winning safety awards. The company received more than 70 during the course of the year, including:

32 trucking association fleet safety awards from 22 states and the American Trucking Associations
34 state trucking association driver of the month awards
Three state trucking association driver of the year awards
Two state trucking association safety professional of the year awards

“These impressive safety achievements truly exemplify the commitment to safety shown by the drivers who represent Con-way Freight on the roads and at our customers’ facilities every day,” said John G. Labrie, president, Con-way Freight. “We employ some of the safest drivers in the industry and our drivers’ accomplishments in 2009 are further evidence of that. I commend them for their safe practices and proven dedication.”

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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. 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 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 Multimodal Adds Experienced Talent in Senior Sales Role

Tue, 16 Feb 2010 08:00:00 GMT

Con-way Multimodal, the freight brokerage division of Menlo Worldwide Logistics, today announced that John G. Wees of Dallas has joined the organization in the newly created position of senior account executive. In that role, he will be responsible for developing and maintaining customer and third-party carrier relationships and request for proposal (RFP) responses.

“John Wees brings us a wide variety of the skills and capabilities that will be crucial to executing our strategy to grow the business in 2010,” said Tyler Ellison, president, Con-way Multimodal. “I’m confident that John will be successful in expanding our customer base through a combination of strategic lead generation, development of unique transportation solutions and superior customer service.”

Wees joins Con-way Multimodal from a position as operations/sales manager at ARPCO Transport Services in Grapevine, Texas. Prior to that, he served as logistics account manager at Bear Transportation Services in Plano, Texas.

A Certified Transportation Broker (CTB) by the Transportation Intermediaries Association, Wees attended the University of Oregon.

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

About Con-way Multimodal
Con-way Multimodal, a division of Menlo Worldwide Logistics, provides expanded freight brokerage capabilities and services in the third-party logistics and multimodal freight transportation business, focusing on flexible, efficient capacity solutions for the marketplace. Con-way Multimodal complements Menlo’s best in class 3PL and 4PL services for large customers by offering leverage and personal attention to small- and medium-sized buyers of logistics. Through its network of more than 55,000 carriers, Con-way Multimodal arranges resources to meet the capacity needs of its shippers using over-the-road, intermodal, dry van, flatbed, heavy haul and specialized transportation solutions. The Portland, Ore.-based company is an operating unit of Menlo Worldwide Logistics, LLC, 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.

Con-way Inc. Reports Fourth-Quarter and Full-Year Results for 2009

Thu, 04 Feb 2010 21:10:00 GMT

Con-way Inc. (NYSE:CNW) today reported a net loss applicable to common shareholders for the fourth quarter of 2009 of $1.9 million, or 4 cents per share. The results compare to a fourth quarter 2008 net loss to common shareholders of $43.0 million, or 94 cents per share.

The net loss to common shareholders in the fourth quarter of 2009 included expenses related to an administrative outsourcing initiative (4 cents per share) while last year’s fourth quarter included operational restructuring costs at Con-way Freight (28 cents per diluted share), impairment and acquisition related charges at Menlo Worldwide Logistics (91 cents per diluted share), and a net gain from discontinued operations (15 cents per diluted share).

Revenue for the 2009 fourth quarter of $1.12 billion was essentially even with last year’s fourth quarter. Operating income in the 2009 fourth quarter was $17.3 million compared to an operating loss of $35.2 million in the fourth quarter a year ago, primarily reflecting the prior year operating losses associated with the special items described above. Excluding these special items, declines in operating income at Con-way Freight and Con-way Truckload were partially offset by improved operating income at Menlo Worldwide Logistics.

In the fourth quarter of 2009, income tax expense of $3.1 million was recognized on $1.1 million of income before taxes, reflecting changes in numerous permanent tax items. In the fourth quarter of 2008, an income tax benefit of $1.6 million was reported on $49.6 million of loss before taxes, primarily reflecting no tax deduction on the impairment and acquisition-related charges and the effect of discrete items.

FULL-YEAR 2009 RESULTS

For the full-year 2009, Con-way reported a net loss applicable to common shareholders of $110.9 million, or $2.33 per share. This compares to full-year 2008 net income to common shareholders of $67.0 million, or $1.40 per diluted share.

Results for full-year 2009 included the earlier mentioned administrative outsourcing expenses (4 cents per share), a first quarter goodwill impairment charge at Con-way Truckload ($2.83 per share) and a third quarter charge for a change in Con-way Freight’s accounting estimate for revenue adjustments (7 cents per share). The 2008 full-year period included the impairment and acquisition related charges noted previously (84 cents per diluted share), two operational restructuring charges at Con-way Freight (33 cents per diluted share) and a gain from discontinued operations (17 cents per diluted share).

Revenues for the full-year 2009 declined to $4.27 billion from $5.04 billion in 2008, primarily reflecting the effect of weak pricing driven by surplus trucking industry capacity. The operating loss of $25.9 million for 2009 compares to operating income in 2008 of $192.6 million, with both periods affected by the special items described above. Excluding these special items, declines in operating income at Con-way Freight and Con-way Truckload were partially offset by improved operating income at Menlo Worldwide Logistics.

In 2009, income tax expense of $17.5 million was recognized on $90.3 million of loss before taxes and, in 2008, income tax expense of $69.5 million was reported on $134.9 million of income before taxes. Both periods primarily reflect no tax deduction on impairment charges and the effect of discrete items.

Commenting on the results, Con-way President and CEO Douglas W. Stotlar said, “Excess capacity remains a problem for the LTL and truckload markets which continues to suppress profit recovery. It will be incumbent upon us to maintain strong liquidity and vigilant cost control while we invest prudently for the strategic needs of our business and customers going forward.”

Con-way Freight, the company’s less-than-truckload operation, saw pricing stabilize somewhat in the fourth quarter, albeit at a lower level. “While yields were down compared to last year, our increased tonnage levels have enabled better utilization of rolling stock capacity,” Stotlar noted. “With the LTL market’s persistent over-supply, opportunities to improve margin will be difficult.” Stotlar added that Con-way Freight will continue to refine its network to drive cost savings and service improvements, through initiatives such as the line-haul re-engineering announced last month which accelerated transit times for 460 U.S. cities while reducing operating expense.

Menlo Worldwide Logistics culminated the year with a solid fourth quarter performance. “2009 was an excellent year for Menlo,” Stotlar noted. “Menlo’s service portfolio and solution approach clearly were on target with customer demand as the company grew both new and existing customer business in 2009. That success coupled with operational improvements and efficiency gains provided a strong finish for the year and positions Menlo with good momentum heading into 2010.”

Con-way Truckload weathered difficult market conditions to turn in a commendable performance for the quarter. “Our truckload company benefited from several strategic decisions that have improved asset utilization and strengthened its position as a premium service provider,” Stotlar said. “Its expansion into regional operations is showing good early returns. We continue to see capacity being rationalized in the truckload industry. Early bid activity in January shows prices firming and demand strengthening. Those are encouraging signals that a recovery is beginning to take hold in this market segment,” he concluded.

Segment results in the 2009 fourth quarter for Con-way’s principal operations were as follows:

FREIGHT

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

Operating income of $2.8 million compared to an operating loss of $9.4 million in the year-ago period. Results were adversely affected by $2.6 million of costs for the administrative outsourcing initiative, and from continued weak LTL industry pricing, but benefited from employee-related cost saving initiatives implemented earlier in the year. Operating income in the same period of 2008 was lower due to $21.3 million of operational restructuring charges.
Revenue of $683.9 million, a 6.8 percent increase over last year’s fourth quarter revenue of $640.3 million.
Tonnage per day increased 20.6 percent over the previous year fourth quarter.
Yield declined 14.4 percent from the previous year fourth quarter, primarily reflecting the supply/demand imbalance and the resulting impact on pricing. Excluding the fuel surcharge, yield declined 11.7 percent.
Operating ratio was 99.6 in the 2009 fourth quarter compared to 101.4 in the previous year period. Excluding the operational restructuring charges in the 2008 fourth quarter, the operating ratio for this period was 98.2.

LOGISTICS

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

Operating income of $5.9 million compared to an operating loss of $38.6 million in the fourth quarter of 2008. The 2008 period included $42.7 million for impairment and acquisition related charges.
Revenue of $338.2 million, down 9.4 percent from the prior year fourth quarter revenue of $373.1 million. The decrease primarily reflects lower transportation management revenues.
Net revenue of $133.1 million, a 2.9 percent increase from $129.3 million in the previous year fourth quarter. The increase primarily reflects higher net revenue from warehouse management services.

TRUCKLOAD

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

Operating income of $8.2 million, a decrease of 43.3 percent compared to $14.5 million in the previous year period, primarily reflecting lower recovery of fuel surcharge revenue and weaker pricing due to excess industry capacity during the quarter.
Revenue of $93.6 million, after the elimination of $46.1 million in inter-company revenues. This compares to 2008 fourth quarter revenue of $110.9 million (after elimination of $38.4 million in inter-company revenues) and reflects lower fuel surcharge recovery and the ongoing effects of the competitive pricing environment experienced throughout the year.
Operating ratio before inter-company eliminations and exclusive of fuel surcharges was 93.2, compared to 88.1 in the fourth 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 a small amount of income in the 2009 fourth quarter compared to a $1.7 million loss in the previous-year period.

INVESTOR CONFERENCE CALL

Con-way will host a conference call for the investment community tomorrow, Friday, February 5 beginning 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 48324685. 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 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 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.

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Con-way Freight Strengthens Sales Organization

Tue, 09 Feb 2010 16:39:00 GMT

Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced enhancements to its sales organization. As part of the initiative, the company has appointed five sales managers — Darren Hawkins, Harold “Buddy” Reeves, Marty Diamond, Marshall Durham and Kristin Wrench — to lead the newly identified sales regions of Nashville and Memphis, Tenn.; Harrisburg, Pa.; South Bend, Ind.; and Kansas City, Kan., respectively. Averaging 18 years’ transportation sales experience, the five assumed their new roles on Jan. 4.

“The caliber of the talented industry professionals joining the sales organization this year is second to none, and we’re confident they’ll be able to leverage the experience they’ve gained at some of the LTL industry’s most prominent companies to significantly grow these pivotal markets,” said Ed Conaway, executive vice president of sales, Con-way Freight. “In 2010, we’ve more clearly defined our sales territories nationwide in order to better link to industry data for analysis of market share and to provide more one-on-one support for account executives. Plus, with these new managers, we’ve allocated resources in areas of greater market value. Overall, the team is truly poised for success.”

Darren Hawkins will serve as Nashville region sales manager. The newly created sales region will cover Nashville, Chattanooga, Cookeville, Humboldt and Knoxville, Tenn.; Birmingham, Decatur and Gadsden, Ala.; and Paducah, Ky. Hawkins joined Con-way Freight in February 2009 as Memphis region sales manager following 18 years of LTL experience as director of field sales, service center manager and account executive with YRC Worldwide. He holds a bachelor’s degree from the University of Memphis.

Following a three-decade career with YRC Worldwide, most recently as area director of sales, Buddy Reeveswill head Con-way Freight’s restructured Memphis territory as region sales manager. He will service customers in Jackson and Tupelo, Miss.; Memphis, Tenn.; Mobile and Montgomery, Ala.; and Jonesboro and Little Rock, Ark. Reeves served four years in the U.S. Air Force and holds a bachelor’s degree from Kennedy-Western University in Wyoming.

Marty Diamondaccepted the position of Harrisburg region sales manager in Pennsylvania following 20 years in the transportation industry with Roadway Services and, most recently, with Estes Express Lines. The newly created territory includes Aliquippa, Clearfield, Emigsville, Harrisburg, Johnstown, Lancaster, Milton and Pittsburgh, Pa.; and Baltimore, Hagerstown and Jessup, Md. Diamond earned a bachelor’s degree from East Stroudsburg University in Pennsylvania.

Also joining Con-way Freight as region sales manager is Marshall Durham. Specifically, he will be responsible for the new South Bend, Ind., territory including South Bend, Gary and Fremont, Ind.; Bridgeview, Joliet and La Salle, Ill.; and Cadillac, Grand Rapids and Holland, Mich. Prior to joining Con-way Freight, Durham served as vice president of national accounts for R+L Carriers. He previously spent 18 years with USF Holland in a variety of sales management positions.

Marshall earned a bachelor’s degree from Siena College in Loudonville, N.Y.

Kristin Wrench has been promoted to Kansas City region sales manager following her role as service/sales manager at Con-way Freight’s Seaford, Del., location. In the role, she is responsible for servicing customers in Kansas City, Abilene and Wichita, Kan.; Kansas City and Nevada, Mo.; Grand Island, Neb.; and Council Bluffs, Des Moines, Sioux City, Fort Dodge, and Mason City, Iowa. Wrench began her career with Con-way Freight in December 2005 as a business development manager at the company’s headquarters in Ann Arbor, Mich. She was then promoted to account executive for the Philadelphia area. Wrench earned a bachelor’s degree in logistics management and marketing/sales from Central Michigan 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 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 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 Executives to Address Stifel Nicolaus and BB&T Capital Markets Conferences

Tue, 02 Feb 2010 16:09:00 GMT

Con-way Inc. (NYSE: CNW) announced today that President and Chief Executive Officer Douglas W. Stotlar and Executive Vice President and Chief Financial Officer Stephen L. Bruffett will be presenting at two upcoming transportation industry investor conferences next week.

On Wednesday, February 10, Stotlar and Bruffett will make a presentation at the Stifel Nicolaus Transportation Conference in Key Biscayne, FL. The presentation will begin at approximately 9:20 a.m. Eastern Standard Time.

The next day, Thursday, February 11, the two executives will address the BB&T Capital Markets Transportation Conference in Coral Gables, FL. The presentation will begin at approximately 7:45 a.m. Eastern Standard Time.

Parties may listen to each presentation via 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 website.

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 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 Truckload Recognizes Fourth Quarter Drivers of the Month

Mon, 01 Feb 2010 08:00:00 GMT

Con-way Truckload, a full truckload carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced its Drivers of the Month for October, November and December 2009.

“These individuals exemplify a dedication to safe driving practices and deliver a high level of service to our customers,” said Randy Cornell, vice president of safety and recruiting, Con-way Truckload. “We offer our congratulations to our fourth quarter winners, and thank them for the professionalism they bring to Con-way Truckload.”

The following 18 drivers were recognized for their outstanding performance:

October

Company Driver of the Month: Butch Untiedt began his professional driving career in 1976 and began driving for Con-way Truckload in 1986. Untiedt lives in Trenton, Mo., with his wife of 41 years, Marie. He has four children and 12 grandchildren. When not on the road, Untiedt enjoys spending time with his family.

Company Team of the Month: Joey and Diane Woodall have been driving as a team for four years and have driven a combined one million miles with Con-way Truckload. Joey has been driving professionally for 15 years, and in 2005 Diane decided to join him on the road. The Woodalls have been married for 24 years and have two children: Cagney, 25; and Jenny, 23. When they have free time, the Woodalls enjoy working on their home in Woodstock, Ga., and gardening.

Owner-Operator Driver of the Month: William Coffman started driving professionally in 1973 and joined Con-way Truckload in 1999. He currently lives in Stockbridge, Ga., with his wife of 15 years, Nancy. They have four children and five grandchildren. In his spare time, Coffman enjoys fishing.

Owner-Operator Team of the Month: Jerry and Cheri Robinson have been driving professionally since 1995 and joined Con-way Truckload in 2008. They had contemplated driving professionally since they got married, and decided to pursue it once their children were grown. When not on the road, the Robinsons reside in Prineville, Ore., where they enjoy camping, fishing and traveling in their recreational vehicle.

November

Company Driver of the Month: Keith Holden began his career as a professional driver with Con-way Truckload in 1993 — following in the footsteps of his grandfather, father and brothers, all of whom also have driven professionally. He resides in Hays, Kan., and has one daughter and four grandchildren. In his spare time, Holden enjoys hunting and fishing.

Company Team of the Month: Paul Wieck and Frank Wieck have been driving for 10 years and six years, respectively. They joined Con-way Truckload in 2007. Frank lives in Tacoma, Wash., with his wife, Danielle, and enjoys participating in historical reenactments in his free time. Paul also resides in Tacoma, and he and his girlfriend, Sherry, have three children. When he is not behind the wheel, Paul enjoys working on his computer and metalworking.

Owner-Operator Driver of the Month: James Cory has been driving professionally for 44 years and has driven for Con-way Truckload since 1979. In that time, he has driven more than three million miles. He currently resides in Joplin, Mo., and enjoys restoring antique cars in his spare time.

Owner-Operator Team of the Month: Art and Cyndi George began driving as a team for Con-way Truckload in 2007, when Cyndi began her professional driving career as a student. Art has driven professionally for more than 29 years and joined Con-way Truckload in 2000. The Georges live in Medway, Ohio, and have three daughters and four grandsons. In their spare time, they enjoy fishing, swimming in their pool, working around the house and taking cruises.

December

Company Driver of the Month: Chris Wunk started his career in the trucking industry as a dispatcher. He began driving professionally 33 years ago and joined Con-way Truckload in 2008. A resident of Baldwin Park, Calif., Wunk enjoys watching sports and horse racing in his free time.

Company Team of the Month: Daniel and Marie Hooghouse have been driving professionally for 11 years and eight years, respectively. They began working for Con-way Truckload in 2006. The Hooghouses reside in Apopka, Fla., and have two daughters. When the Hooghouses have time to relax, they like to ride their motorcycles, and Daniel also enjoys woodworking.

Owner-Operator Driver of the Month: Dennis Griffin has been driving professionally for 14 years. Since joining Con-way Truckload in 1995, he has driven over 1.7 million miles. Griffin lives in Rockwall, Texas, with his wife, Diane, and has one son, James. Griffin is a member of the Cowboy Mounted Shooting Association and enjoys competing in his spare time.

Owner-Operator Team of the Month: Allan and Marian Bruton both began their professional driving careers with Con-way Truckload in 1988 and together have driven more than 4.3 million miles for the company. The Brutons reside in Tulsa, Okla., and have a daughter, Teresa, and a son, Christopher. When at home, Allan likes to make his own biodiesel fuel and Marian enjoys cooking.

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

About Con-way Truckload
Joplin, Mo.-based Con-way Truckload is an operating company of Con-way Inc. (NYSE: CNW) and a leading provider of expedited, time-definite full-truckload transportation services across North America. Formerly Contract Freighters, Inc. (CFI), Con-way Truckload today employs over 3,000 drivers with a fleet of more than 2,700 tractors and 8,600 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 $4.3 billion diversified freight transportation and global logistics company.

Dow and Menlo Worldwide Logistics Launch New Distribution Center in Monitor's Valley Center Technology Park

Wed, 27 Jan 2010 19:10:00 GMT

Menlo Worldwide Logistics and The Dow Chemical Company today announced the formal opening of a new 134,000-square-foot warehousing and distribution operation in Bay City.

The new operation is housed in Monitor Township’s Valley Center Technology Park, in a former manufacturing facility at 5300 Mackinaw Road which had been vacant for many years. The property recently underwent a major renovation and upgrade, which converted the building into a modern, energy-efficient, purpose-designed facility that will provide strategic warehousing and distribution services for Dow Wolff Cellulosics products manufactured at Dow Michigan Operations in Midland.

“Bay City is ideally located for the business solution we are implementing for this important Dow product line,” said Mike Wood, Menlo’s director of operations based in Midland. “We’re pleased to welcome Bay City to Menlo’s operating network. This is an excellent opportunity to invest in and create new jobs for the community while strategically expanding our relationship with Dow.” Menlo operates other logistics programs for Dow in several other Michigan communities as well as throughout the United States.

”This strategic location in Bay County will provide great value to Dow by reducing costs while maximizing efficiencies,” said Anne Adams, North America Supply Chain Leader for Dow Wolff Cellulosics. “And this project is another example of our commitment to the Great Lakes Bay Region.”

The Bay City facility created six new local jobs with Menlo and will provide a variety of inventory management, warehousing and fulfillment services, including receipt, put-away, storage and shipping of cellulose products, which are packaged in drums, bags and supersacks. The Dow Wolff Cellulosics products are used in several applications, including pharmaceutical, food and building materials.

Concurrent with the opening of the new facility, Menlo and Dow also designed a new transportation management program for inbound and outbound freight shipments. Previously, 53-foot semi-trucks would haul product from Midland, Mich., to an existing Menlo warehouse at Grove City, Ohio. Under the new program, Bay City will receive inbound shipments directly from Dow’s nearby Midland plant and will provide fulfillment of orders direct to customers.

By strategically establishing the new Bay City distribution center, and re-engineering its transportation network to reduce costs and increase direct-to-customer shipping, Menlo and Dow have eliminated nearly 450 interstate trucking moves representing some 130,000 miles annually. In addition to saving wear and tear on highway infrastructure, the re-engineered solution is projected to conserve annually some 20,400 gallons of diesel fuel, which eliminates nearly 460,000 pounds of CO₂ emissions from being introduced into the environment. The carbon footprint reduction is the equivalent to removing about 40 cars from the nation’s highways.

Menlo hired local Midland general contractor Sowle Properties, Inc. for the building renovation, which was completed on schedule. Several local subcontractors were also utilized in the project. Associated energy efficiency upgrades also were installed for lighting and HVAC systems while new lighting occupancy sensors were installed to reduce the energy required to operate the building.

AKT Peerless Environmental and Energy Services of Saginaw was retained for the project’s environmental work. The lease coordination was handled by Kevin Schonsheck of Schonsheck, Inc. of Warren and the property and project management is being handled by Eric Finnigan of Wirt Financial & Leasing Services, Inc. of Bay City.

Menlo specializes in the integration of all functions across the supply chain, from sourcing of raw materials through product manufacturing to the distribution of finished goods. Top Tier companies like Dow and other companies around the world look to Menlo for innovative solutions that help develop business strategies, improve customer service, accelerate order cycle times and tighten control of the supply chain — all while reducing costs in transportation, inventory and order fulfillment.

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Menlo Worldwide Logistics images are available at http://www.con-waybrandstandards.com/photo_library/page_1100

MenloWorldwide 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.

AboutDow Wolff Cellulosics
Dow Wolff Cellulosics is a global leader and pioneer in Cellulose Ethers and preferred development partner for manufacturers and suppliers in the food and pharmaceutical markets, and in other specialty industrial applications. It supplies high-performance, cellulose-based products and formulation know-how to help customers innovate and differentiate in highly-regulated markets. Cellulosics and their derivatives are produced from renewable raw materials, mainly wood pulp and cotton, sourced primarily from suppliers that implement certified sustainable forestry practices. Ranging from healthier food ingredients and formulations, to enhanced pharmaceutical delivery, most products containing Cellulosics help to make improvements in the daily lives of billions of people.

Dow Wolff Cellulosics is abusiness unit of The Dow Chemical Company, employing 1,200 people across more than 9 sites and 15 assets, with 6 cGMPs, serving customers in around 160 countries. More details can be found at www.dowwolffcellulosics.com.