Con-way Inc. is an American transportation and logistics company that offers services in less-than-truckload (LTL), full truckload and intermodal freight transportation, logistics, warehousing and supply chain management services, and trailer manufacturing. Founded in 1929 with headquarters in Ann Arbor, Michigan, the company reported 2013 revenue of $5.47 billion, down 1.9 percent year-over-year. The company also reported net income of $99.15 million, down 5.4 percent from the previous year’s net income of $104.55 million.
Con-way and its subsidiaries — Con-way Freight, Con-way Truckload, and Menlo Worldwide Logistics — employ 29,500 individuals worldwide and operates in 20 countries across 5 continents. The trucking company operates a fleet of 2,700 tractors and 8,200 trailers. The company also operates 300 freight service centers and 160 warehouses worldwide.
Con-way reported net income in the fourth quarter of 2013 was $11.7 million, slipping 0.9 percent year-over-year from $11.8 million, ending the year in a dip after two previous quarters of growth. The results were in line with the company’s fourth-quarter update, which was issued in mid-January and predicted flat earnings because of problems at subsidiaries Con-way Freight and Menlo Worldwide Logistics.