The 28 percent drop in retail diesel fuel prices in the second quarter cut shipper transportation expenses and boosted trucking profits, with the publicly owned motor carriers tracked by JOC.com increasing their combined operating profit by 13 percent. Higher sustainable profits in turn fuel the expansion of capacity needed by shippers.
30 Jul 2015
A steep drop in fuel surcharges coupled with an increase in driver wages helped drag profit and revenue down at Con-way Freight and Con-way Truckload. Menlo Logistics lost revenue, but managed to increase profit.
24 Jun 2015
Veteran transportation executive Hank Bartos will temporarily run Con-way Truckload as Con-way seeks a permanent candidate to run the $632 million carrier.
20 Apr 2015
Con-way Truckload is purchasing 635 new tractors with automated manual transmissions in a bid to attract drivers — especially new recruits.
31 Oct 2014
Higher rates and better utilization of its terminals, trucks and drivers are helping Con-way Freight, the second-largest less-than-truckload carrier, significantly increase profits.