Jul 24 2008
Con-Way Trucking Increases Profits and Beats Estimates
Con-Way Inc. trucking and logistics company reported on Wednesday a higher than expected net profit and indicated that the conditions of the U.S. trucking industry are improving.
Commenting on the quarter, Con-way President and CEO Douglas W. Stotlar said, “Our enterprise turned in commendable results despite a challenging business environment and the inflationary effect of unprecedented fuel prices.”
Con-way Freight, the company’s less-than-truckload (LTL) unit, posted solid revenue and yield gains, benefiting from improved market responsiveness and increasing customer recognition of its transit time performance advantage. “Targeted growth initiatives, implemented late last year at our LTL unit, continued to produce market share gains,” said Stotlar. “We also began to see indications of a more stable pricing environment in the quarter.”
Click Here To Read Entire Press Release From Con-Way Truckload
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