
Trucking and logistics provider Con-way has reported 2013 fourth-quarter net income of $11.7 million or 20 cents per share, compared to a year ago performance of $11.8 million or 21 cents per share.
Trucking and logistics provider Con-way has reported 2013 fourth-quarter net income of $11.7 million or 20 cents per share, compared to a year ago performance of $11.8 million or 21 cents per share.


Trucking and logistics provider Con-way has reported 2013 fourth-quarter net income of $11.7 million or 20 cents per share, compared to a year ago performance of $11.8 million or 21 cents per share.
Revenue for the fourth quarter was $1.36 billion, unchanged from last year’s fourth quarter.
“Con-way Freight and Menlo Worldwide Logistics dealt with a number of issues in the fourth quarter, which negatively affected the period’s operating results and were mostly specific to the quarter,” said Douglas W. Stotlar, Con-way’s president and CEO of the Michigan-based operation.
For the full-year Con-way reported net income of $99.2 million or $1.73 per share, compared to $104.5 million or $1.85 per share in 2012.
For the fourth quarter of 2013, Con-way Freight, the company’s less-than-truckload operation, reported revenue of $847 million, a 2.7% increase over last year’s fourth-quarter revenue of $824.7 million. The revenue growth was primarily attributable to higher tonnage levels and improved yield, according to the company
Operating income was $23.8 million, a 10.5% increase over the $21.5 million earned in the year-ago period.
Menlo Worldwide Logistics, the company’s global logistics and supply chain management operation, reported fourth quarter revenue of $397.1 million, down 7.9% from the prior-year fourth-quarter revenue of $431.2 million. Lower revenue primarily reflected a decline in transportation-management services partially offset by an increase in warehouse-management services, the company said.
Operating income was $2.7 million, compared to last year’s fourth-quarter operating income of $8.6 million.
For the fourth quarter of 2013, Con-way Truckload reported revenue of $155.8 million, compared to last year’s fourth-quarter revenue of $155.2 million. Higher revenue included the effects of a 1.2 percent increase in loaded miles and a 0.8 percent increase in revenue per loaded mile, excluding fuel surcharge. These increases were partially offset by lower fuel-surcharge revenue, according to the company
Operating income was $8.9 million, an increase over the $8.5 million earned in the previous-year period.
More information is on the Con-way website.

ACT Research data shows volumes hitting a four-year high and supply-demand balance strengthening, but higher oil prices are undercutting tariff relief and tempering optimism.
Read More →
The patent-pending cargo solution integrates a digitally connected cargo door and an intelligent locking system with the TrailerHawk.AI technology platform.
Read More →
The impact of the Iran conflict extends beyond fuel costs, bringing more fraud and cybersecurity risks to the trucking industry.
Read More →
Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.
Read More →
More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.
Read More →
HDTX is an intimate event that connects heavy-duty trucking fleet managers with industry suppliers through small-group discussions, educational sessions, and structured one-on-one meetings.
Read More →
New DAT One feature shows top-paying loads directly on an iPhone’s home screen, helping carriers react faster to spot-market opportunities.
Read More →
Optimal Dynamics says its new Scale platform uses AI agents and optimization to help carriers find and secure freight that improves network balance and profitability.
Read More →
DAT Freight & Analytics data shows tightening flatbed capacity, easing produce markets, and softening van and reefer rates.
Read More →
NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.
Read More →