International Business News - CNW http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of less-than-truckload carriers fell Wednesday amid a slide in the broader market, as a Longbow Research analyst said the market for their services continued to deteriorate last month. http://www.ibtimes.com/articles/20081112/sector-snap-less-than-truckload-carriers.htm Wed, 12 Nov 2008 14:49:04 EST Con-way Freight, a unit of trucking company Con-way Inc., said Monday it is closing 40 service centers across the country to cut costs. The less-than-truckload carrier said the freight normally handled at those locations will be redistributed to 100 other locations. The 40 service centers are expected to be shuttered by early December. At that time, the company will operate 303 service centers across the U.S. and Canada. http://www.ibtimes.com/articles/20081103/con-way-freight-to-close-40-service-centers.htm Mon, 03 Nov 2008 19:39:56 EST Shares of trucking companies held earlier gains Wednesday afternoon as the Federal Reserve cut a key interest rate by an expected half a percentage point to 1 percent--its lowest point in more than five years. http://www.ibtimes.com/articles/20081029/truckers-hold-earlier-gains-after-fed-rate-cut.htm Wed, 29 Oct 2008 14:48:42 EDT Trucking analysts at Goldman Sachs on Tuesday said they remain cautious on less-than-truckload companies even though many of them beat third-quarter expectations. http://www.ibtimes.com/articles/20081028/ahead-of-the-bell-goldman-cautious-on-truckers.htm Tue, 28 Oct 2008 09:09:57 EDT Standard & Poor's Ratings Services said Monday it put its ratings on trucking company Con-way Inc. on review for a possible downgrade, citing the effect of the economic slowdown on the trucking sector. http://www.ibtimes.com/articles/20081027/s-p-con-way-ratings-on-review-for-possible-cut.htm Mon, 27 Oct 2008 15:51:07 EDT Trucking company Con-way Inc. said Wednesday third-quarter profit rose, beating Wall Street estimates, even as demand weakened, as it paid less than expected in employee costs and taxes. http://www.ibtimes.com/articles/20081022/con-way-reports-higher-profits-on-cost-controls.htm Wed, 22 Oct 2008 17:03:01 EDT Shares of trucking companies fluctuated Thursday amid a volatile broader market, as two carriers reported third-quarter earnings that beat Wall Street's expectations. http://www.ibtimes.com/articles/20081016/sector-snap-truckers-flip-in-whipsaw-session.htm Thu, 16 Oct 2008 14:42:26 EDT Investors pulled back from Con-way Inc. on Monday amid a broader market rally, after the trucking company said a multi-employer pension plan wants a $619 million payment related to a former subsidiary's liability. http://www.ibtimes.com/articles/20081013/con-way-shares-fall-on-pension-liability-concerns.htm Mon, 13 Oct 2008 19:43:46 EDT Con-way Inc. said a multi-employer pension plan is asking the trucking company to pay $662 million related to pension liability of a former subsidiary. http://www.ibtimes.com/articles/20081013/central-states-asks-662-million-from-con-way.htm Mon, 13 Oct 2008 08:46:07 EDT An analyst downgraded Con-way Inc. Thursday after the trucking company cut its 2008 forecast, citing lower volume and poor pricing. Stifel Nicolaus analyst David Ross cut his rating on the San Mateo, Calif.-based company to "Hold" from "Buy" after Con-way reduced its second-half outlook by about 30 percent. http://www.ibtimes.com/articles/20081002/ahead-of-the-bell-con-way-downgraded.htm Thu, 02 Oct 2008 09:16:43 EDT Freight transportation company Con-way Inc. on Wednesday lowered its earnings outlook for the year, citing a "challenging" business environment. The San Mateo, Calif.-based company expects to report earnings from continuing operations of $2.60 to $2.80 a share, down from the prior forecast of $3 to $3.40 a share. http://www.ibtimes.com/articles/20081001/conway-lowers-2008-earnings-forecast.htm Wed, 01 Oct 2008 17:50:19 EDT A Stephens Inc. analyst downgraded three trucking companies to "Equal-Weight" from "Overweight" Friday, citing deteriorating demand and weaker pricing. http://www.ibtimes.com/articles/20080926/ahead-of-the-bell-analyst-downgrades-3-truckers.htm Fri, 26 Sep 2008 08:03:46 EDT Con-way Inc. said its board declared a regular quarterly dividend of 10 cents. The freight transportation and logistics services company said the dividend is payable Dec. 12 to shareholders of record Nov. 12. http://www.ibtimes.com/articles/20080923/con-way-declares-10-cent-dividend.htm Tue, 23 Sep 2008 11:03:44 EDT An analyst downgraded several trucking companies Monday, saying weakness among less-than-truckload carriers will weigh on their shares. JPMorgan's Thomas R. Wadewitz downgraded Con-way Inc. and Old Dominion Freight Line Inc. to "Neutral" from "Overweight." He also lowered his ratings on Arkansas Best Corp. and YRC Worldwide Inc. to "Underweight" from "Neutral." http://www.ibtimes.com/articles/20080922/ahead-of-the-bell-analyst-downgrades-trucking.htm Mon, 22 Sep 2008 08:32:50 EDT As the toll from the still-unraveling financial crisis is being counted, one analyst suggested that some trucking companies may be at risk. Longbow Research analyst Lee Klaskow said in a telephone interview that privately-held Swift Transportation Co. is likely at the most risk in the current shaky markets. The Phoenix-based company was taken private last year through a leveraged buyout by its founder, Jerry Moyes. http://www.ibtimes.com/articles/20080918/analyst-truckers-yrc-swift-risky-in-shaky-market.htm Thu, 18 Sep 2008 18:47:26 EDT Con-way Freight, a subsidiary of Con-way Inc., said Monday it has expanded its two-year-old wellness program it says has significantly reduced its worker compensation and other labor costs. http://www.ibtimes.com/articles/20080908/con-way-freight-expands-wellness-plan-for-workers.htm Mon, 08 Sep 2008 14:44:03 EDT Menlo Worldwide Logistics, a subsidiary of freight transportation and logistics company Con-way Inc., said Thursday it is relocating certain functions in Mexico. http://www.ibtimes.com/articles/20080904/menlo-relocating-some-mexican-operations.htm Thu, 04 Sep 2008 14:57:06 EDT Fitch Ratings on Friday affirmed several key ratings on trucking company Con-way Inc. debt but lowered the outlook from "stable" to "negative." Fitch affirmed the company's issuer default rating, senior unsecured debt and senior unsecured bank facility ratings at "BBB." http://www.ibtimes.com/articles/20080829/fitch-affirms-ratings-for-con-way.htm Fri, 29 Aug 2008 10:47:47 EDT Trucking company Con-way Inc. said it will pay $300,000 to settle a lawsuit with the Securities and Exchange Commission alleging it did not properly disclose certain financial information from a former affiliate. http://www.ibtimes.com/articles/20080828/con-way-agrees-to-pay-300k-to-settle-sec-lawsuit.htm Thu, 28 Aug 2008 09:46:09 EDT A Wachovia Capital Markets analyst downgraded his rating on the trucking sector to Market Weight" from "Overweight" on Monday, pointing to his "increasingly cautious" view on freight demand as peak shipping season approaches. http://www.ibtimes.com/articles/20080825/sector-snap-analyst-cuts-trucking-sector.htm Mon, 25 Aug 2008 11:49:59 EDT