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CHICAGO, April 24 (Reuters) - Freight company Con-way Inc. (CNW.N: Quote, Profile, Research) said on Monday its quarterly net profit rose more than expected on growing demand for its trucking and logistics businesses.
The company, which was known as CNF, Inc. until last week, also benefited from strong pricing in its less-than-truckload business. Weak pricing has plagued other less-than-truckload operators such as Arkansas Best Corp. (ABFS.O: Quote, Profile, Research).
The company's Con-way Freight unit introduced a 5.5 percent price increase April 3.
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