Con-Way selects Goodyear as principal wide-base tire supplier

AKRON, Ohio -- Con-way Truckload has selected Goodyear as its principal supplier of wide-base truck tires. Con-way will be using Goodyear's recently introduced G392 SSD drive and G394 SST trailer wide-base tires.

"Goodyear provided a responsive, best overall cost solution, addressing both quality and durability," said Randy Cornell, Con-way Truckload's vice-president of maintenance. "We're pleased to be able to expand a business relationship that the Con-way organization and Goodyear have enjoyed for more than 10 years."

"With Goodyear's DuraSeal Technology, which has built-in self-sealing capability, customers such as Con-way Truckload can run wide-base tires with confidence, while reaping the other benefits that are associated with use of wide-base tires in the long-haul truckload market, such as increased weight savings and improved fuel economy," said Frank Payne, general manager, fleet solutions, Goodyear.

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Con-way Swings to 3Q Profit

Con-way Inc.

Con-way Inc. late Thursday reported a third-quarter profit compared with a loss a year ago, as its truckload, less-than-truckload and logistics operations all improved.

Net income $29.1 million, or 52 cents a share, turning around a loss of $8.2 million, or 15 cents, a year ago.

Revenue rose 8.4% to $1.27 billion, Con-way said in a statement. Operating income jumped to $61.1 million, from $12.5 million a year ago.

LTL unit Con-way Freight, the company’s largest business, saw its operating income jump to $40.7 million, from $13.1 million a year ago. Revenue gained 5.8% to $843.3 million.

LTL tonnage per-day fell 5.5%, but revenue per hundredweight rose 12%.

Con-way Truckload’s operating income rose to $7.9 million, from $5.5 million, while revenue improved 12.8% to $158.7 million.

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