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5/2/2012 1:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Con-way’s First-Quarter Profit Rises

Con-way Inc.

Con-way Inc. said its first-quarter profit jumped from a year ago as its truckload, less-than-truckload and logistics operations all improved.

Net income rose to $25.6 million, or 46 cents a share, from $6.9 million, or 12 cents, a year ago. Revenue increased 9.7% to $1.37 billion.

Operating income jumped 51.8% to $55.7 million, Con-way said in a statement.

LTL unit Con-way Freight, the company’s largest business, reported operating income rose almost 70% to $34.5 million, while revenue gained 8.2% to $831 million.

Con-way Truckload’s operating income rose by almost half, to $10.6 million for the quarter, while revenue rose 8.3% to $157.3 million.

Its Menlo Worldwide Logistics unit’s operating income rose 42% to $12.3 million. Revenue gained 13% to $419.1 million.

Con-way Inc. is ranked No. 3 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

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