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 its network.
Favorable pricing in 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 can leverage the LTL segment's broad network infrastructure (including fueling stations and maintenance shops), an unusual advantage for a truckload carrier. Read more
Con-way's trucking operations are capital-intensive, and its vast network of service centers in the flagship LTL unit creates a sizable fixed-cost base that amplifies cyclicality.
Con-way's LTL segment competes with industry heavyweights FedEx and UPS. Both competitors have substantially increased their presence in LTL shipping during the past decade.
The truck driver shortage will probably place upward pressure on wages and recruiting costs in the years ahead. Read more
Con-way's senior management team enjoys 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 Read more
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
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