Thursday, July 19, 2007

Con-Way reports $47.1 million in net profits

Con-Way, Inc., the new owner of CFI Trucking of Joplin, filed its second quarter earnings report with the Securities and Exchange Commission today, listing a net revenue of $47.7 million, about $27 million less than last year.
Stotlar noted that the company's recently announced agreement to acquire
Contract Freighters, Inc. (CFI), a respected, industry leading North America truckload carrier with more than 3,000 employees, and a fleet of 2,600 tractors and 7,000 trailers, was being well received. "I have been very encouraged with the positive feedback from the CFI team, as well as our customers, employees and the financial markets," Stotlar said. "We're excited about this acquisition and the strategic growth opportunities it presents. We expect the transaction to close in the third quarter."

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