Analyst: Con-way might be better apart

North America

Friday, March 01, 2013

At Con-way, the less-than-truckload business is gaining momentum with LTL pricing expected to increase between 3 percent to 4 percent and the company's LTL improvement initiatives expected to bear fruit during the second half of the year. But according to an analysis by Stifel Nicolaus, Con-way's truckload, freight and Menlo Worldwide segments don't work together harmoniously and might be more valuable apart. Freight, the company's LTL division, accounted for 61 ...

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