Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
1/17/2014 12:25:00 PM Write a Letter to the Editor Write a letter to the Editor

Con-way Expects Flat 4Q Income


Con-way Inc.

Con-way Inc. said its fourth-quarter net profit is likely to be about the same as that of 2012 as expenses increased in its less-than-truckload and logistics units.

In addition, bad weather late in December hurt operations at its truckload and LTL units, Con-way said in a Jan. 16 statement in which it predicted 21 cents per share in profit.

“The month of December presented unique challenges, especially at Con-way Freight and Menlo Worldwide Logistics,” CEO Douglas Stotlar said in the statement. “This distinct set of issues during the month had a disproportionate impact on the fourth quarter. We do not expect the majority of these issues to impact our operating results going forward.”

In the LTL Freight unit, employee benefit and cargo claim expenses both unexpectedly increased, Con-way said. Menlo saw increased expenses in some of its warehouse accounts, as well as unexpected losses in some major accounts.

Con-way will release its full earnings report Feb. 5, it said.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

TFM

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement