CNF Reiterates Third-Quarter Guidance

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NF Inc. said late Thursday that it continues to expect its third-quarter earnings from continuing operations to be between $1 and $1.08 per share, the same as its previous guidance issued in July.

CNF Chief Executive Officer Douglas Stotlar said that “despite the challenges presented by Hurricane Katrina, including some difficulty in obtaining fuel and some operational disruption, [CNF units] Con-Way and Menlo Logistics continue to provide industry-leading service with volumes exceeding levels seen during the same period last year, as expected.”

CNF is ranked No. 6 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

Yellow Roadway Corp., No. 3 on the TT 100, lowered its earnings guidance for the third quarter, citing in part disruptions related to Katrina.

(Click here for previous coverage.)