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Examples
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The rate increase is intended to help "rebuild margins, which have been inadequate since the recession and remain well below historical levels," said Amber Caron , a Con-Way spokeswoman.
Shippers May Be Slow to Deliver Fuel-Price Relief Jennifer Levitz 2011
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Con-Way Inc., a San Mateo, Calif., trucking company, also imposed a general rate increase of 6.9% effective Aug. 1, while last year rates went up 6.4%.
Shippers May Be Slow to Deliver Fuel-Price Relief Jennifer Levitz 2011
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This morning, BB&T downgraded shares of Con-Way from buy to hold citing valuation.
Morgan Stanley Reduces PPL Target To $28 MarketNewsVideo.com 2011
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With its fleet of over 8,500 tractors and 25,000 trailers in over 400 operating locations, Con-Way could have a major impact on its costs as well as the environment if a meaningful portion of their fleet converted to NGVs.
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Con-Way instituted a 5% pay cut last year for most employees, while top management saw a 10% cut last year, Mr. Mullett says.
Private-Firm Pensions Face Deadline for Funding Level Gina Chon 2010
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Con-Way instituted a 5% pay cut last year for most employees, while top management saw a 10% cut last year, Mr. Mullett says.
Private-Firm Pensions Face Deadline for Funding Level Gina Chon 2010
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Con-Way instituted a 5% pay cut last year for most employees, while top management saw a 10% cut last year, Mr. Mullett says.
Private-Firm Pensions Face Deadline for Funding Level Gina Chon 2010
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"Con-Way Freight has consistently maintained a policy of taking the high road with respect to its competitors," it said.
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In a statement, Con-Way said it has received "numerous inquiries" from potential clients concerned about YRC's finances.
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Arnold Linzner, national parts-transportation manager for car-parts supplier Mobis Parts America LLC, said a Con-Way sales representative contacted him to boast of being "overwhelmed" by calls from panicked YRC customers looking to switch their freight to Con-Way.
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