Morningstar Rating

Stock Research and Analysis

by Matthew Young, CFA

Bulls Say

Con-way's yields have improved in recent years thanks to disciplined pricing in contract renewals and a more balanced mix of freight flowing through the network.
Favorable pricing in both LTL and full-truckload shipping is likely to persist, given tightening industry capacity and rational rate-setting among most carriers.
Con-way's full-truckload unit can leverage the LTL segment's broad network infrastructure (including fueling stations and maintenance shops), an unusual advantage for a truckload carrier. Read more 

Bears Say

Con-way's core LTL division competes with industry heavyweights FedEx and UPS. Both competitors have substantially increased their presence in LTL shipping during the past decade.
Con-way's trucking operations are capital-intensive, and its vast network of LTL service centers creates a sizable fixed-cost base that amplifies cyclicality.
The intensifying truck driver shortage will probably place upward pressure on wages and recruiting costs in the years ahead. Read more 

Management

Con-way's senior management team has solid career experience in the trucking industry, and we think management is making progress in terms of optimizing the company's operating efficiency and profitability. Chief executive Doug Stotlar has been at the   Read more 

Profile

Con-way is one of the largest less-than-truckload carriers in the United States, with 300-plus service centers and 9,300 tractors in its LTL segment, Con-way Freight. About   Read more 

First Name
Last Name
Email Address
Zip Code
Create Password
Verify Password
(6-15 characters; case sensitive)

What We'll Be Watching in Alibaba Earnings 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Morningstar.com Premium.