XPO | Con-way Reports Fourth-Quarter Loss & pay freeze

[xanl/h]

Transport Topics Online | Con-way Reports Fourth-Quarter Loss

Con-way Inc. late Monday reported a fourth-quarter loss, suspended its full-year earnings outlook and set a pay freeze for management and administrative employees.

Are we next?

 

[longtimeltl]

Transport Topics Online | Con-way Reports Fourth-Quarter Loss

Con-way Inc. late Monday reported a fourth-quarter loss, suspended its full-year earnings outlook and set a pay freeze for management and administrative employees.

Are we next?

If a guess were required, I would say yes. The economy is not expected to rebound any time soon, and when it does, it will not be all of a sudden full throttle. :smilie_132:

 

[bob45]

Being a salried employee I really enjoyed reading about our salary freeze in a freking press release. Thats class right there.

 

[NorthTXcon-way]

Being a salried employee I really enjoyed reading about our salary freeze in a freking press release. Thats class right there.

Did you see it on this site? Or did you already know?

 

[imported_roadrage]

Being a salried employee I really enjoyed reading about our salary freeze in a freking press release. Thats class right there.

"When you want to know whats going on"...............Ask a liberal Oopps, i mean log onto truckingboards.

 

[strunguptight]

Is this why all the TM's went to AnnArbor

 

[freightman68]

trafficworld.com says the 4q loss is 43 million.

 

[Jeff Albertson]

Ok......... I guess drivers are the next step in saving money, Wage freeze for us is my guess, just hope a pay cut isn't

 

[Rat]

Ok......... I guess drivers are the next step in saving money, Wage freeze for us is my guess, just hope a pay cut isn't

Pretty much a given..I think!!!

Rat :loser:

 

[imported_BoxBoss]

Not sure why a bunch of TMs are in Ann Arbor, if they are...TMs are not called to the GO for stuff like this...
There has been no announcement yet to the management on this, my guess was this was for publication tomorrow..It certainly is not unexpected, given these economic times...Menlo lost the majority of the money, tied mainly to international operations, Freight actually lost 9.4 million in the quarter, a surprisingly low number, I thought would be much higher... Truckload turned a profit...Here's hoping that the worst thing any or all of us sees is a wage freeze...I commend them for leaving the drivers out of this until it becomes a last resort, if it does, and we need to do everything we can to try to make sure it doesn't...keep the faith..

 

[Rat]

Not sure why a bunch of TMs are in Ann Arbor, if they are...TMs are not called to the GO for stuff like this...
There has been no announcement yet to the management on this, my guess was this was for publication tomorrow..It certainly is not unexpected, given these economic times...Menlo lost the majority of the money, tied mainly to international operations, Freight actually lost 9.4 million in the quarter, a surprisingly low number, I thought would be much higher... Truckload turned a profit...Here's hoping that the worst thing any or all of us sees is a wage freeze...I commend them for leaving the drivers out of this until it becomes a last resort, if it does, and we need to do everything we can to try to make sure it doesn't...keep the faith..

My TM was in Ann Arbor today...one of the topics is the cost of keeping the junk from the fence up and running...

Rat :loser:

 

[imported_BoxBoss]

My TM was in Ann Arbor today...one of the topics is the cost of keeping the junk from the fence up and running...

Rat :loser:

I could see that, given you guys are in cold country...we don't have near your problems out here...rain, and temps that approach freezing, but that's it..

And yeah, we wuss and whine about it...c'mon, it's California..

 

[carrot-nutz]

i had a driver come up to me on mon and ask what about i.c.p. i told him if u cant read between the lines.........

 

[Bankrupt]

Well as long as Conway Truckload does ok then I'm ok. What ever we can do to help the red trucked step child. - I'm down with that.

 

[av8tor]

Well as long as Conway Truckload does ok then I'm ok. What ever we can do to help the red trucked step child. - I'm down with that.

Well sure, I mean they already get the new equipment, best runs, and priority for cut times.........whatever Truckload needs or wants, by all means, they are the future of the company, not us.

 

[BlueColoredTrucks]

I could see that, given you guys are in cold country...we don't have near your problems out here...rain, and temps that approach freezing, but that's it..

And yeah, we wuss and whine about it...c'mon, it's California..

i know all too well what you mean, i live in california now, but ive grown up in the east coast freezing cold!

it's like 50 degrees at night and everyone is COOOOOLLLLDDD wearing the beanie and jacket and everything.
they dont know it reaches close to zero temps in some places of the country lol!

i even see some in overalls hehe.... im talking about ULA, USB and anywhere else in southern california... of course it does get cold up in kettleman

 

[JustaDriver]

Well as long as Conway Truckload does ok then I'm ok. What ever we can do to help the red trucked step child. - I'm down with that.

If this post above is truely serious and not
sarcastic ?

Would , " down with that " , include the following scenario ?

If it were to be shown that CNW would be more profitable to , eliminate all meet and turns ,
and line runs to FAC's , by using CFI or purchase
transportation to accomplish the operation ?

Just4Thought

 

[Bankrupt]

If this post above is truely serious and not
sarcastic ?

Would , " down with that " , include the following scenario ?

If it were to be shown that CNW would be more profitable to , eliminate all meet and turns ,
and line runs to FAC's , by using CFI or purchase
transportation to accomplish the operation ?

Just4Thought

Ok, so if my post is sarcastic, you don't want/need me to answer?

 

[karenk]

Not sure why a bunch of TMs are in Ann Arbor, if they are...TMs are not called to the GO for stuff like this...
There has been no announcement yet to the management on this, my guess was this was for publication tomorrow..It certainly is not unexpected, given these economic times...Menlo lost the majority of the money, tied mainly to international operations, Freight actually lost 9.4 million in the quarter, a surprisingly low number, I thought would be much higher... Truckload turned a profit...Here's hoping that the worst thing any or all of us sees is a wage freeze...I commend them for leaving the drivers out of this until it becomes a last resort, if it does, and we need to do everything we can to try to make sure it doesn't...keep the faith..

Con-way Inc. swings to 4Q loss: Associated Press Business News: US:CNW - MSN Money

This link shows a loss all across the board...even Truckload

 

[imported_BoxBoss]

Con-way Inc. swings to 4Q loss: Associated Press Business News: US:CNW - MSN Money

This link shows a loss all across the board...even Truckload

I give little regard to journalists who don't pay attention...In the company statement this morning, it clearly shows Truckload with a 14. 5 million dollar operating income in the 4th quarter... I tend to go with them more than the AP...