Con-way reports $43 Million quarterly loss

[Mike]

Trucking company Con-way Inc. said it recorded a fourth-quarter loss amid a recession that has curbed demand for freight services.

The San Mateo company said net loss in the quarter ended December 2008 was $43 million, or 94 cents per share, versus a profit of $34.5 million, or 73 cents per diluted share, in the year-ago quarter.

Both periods included special charges. Excluding those charges, Con-way said it would have earned $4.5 million, or 10 cents per share, in the most recent quarter.

For the full-year 2008, Con-way reported net income of $58.6 million, or $1.23 per diluted share, compared with $146.8 million, or $3.06 per diluted share in 2007.
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[Luap]

They actually called me this morning asking if I wanted to come to a March 8th orientation. I told them I was already schedualled to go to Werner. They said well if it does not work out in 6 months give us a call. So they can't be hurting TOO bad.