SOURCE: Con-way Freight

March 10, 2008 09:34 ET

Con-way Freight Turns Back Speed Governors on Trucking Fleet

Maximum Speed Lowered From 65 to 62 mph to Drive Improved Fuel Conservation, Reduction in Carbon Emissions From North American LTL Trucking Operations

ANN ARBOR, MI--(Marketwire - March 10, 2008) - Con-way Freight (NYSE: CNW), one of the nation's leading less-than-truckload (LTL) freight transportation companies, announced today that it has turned back the speed governors on its 8,400-tractor fleet in a move to improve fuel conservation and reduce carbon emissions. The company has adjusted the governors on its truck engines to run at a maximum of 62 miles per hour, down three miles per hour from previous settings.

The move is expected to reduce consumption of diesel fuel from its over-the-road tractor fleet by nearly 3.2 million gallons annually while eliminating approximately 72 million pounds of carbon emissions from the environment. The carbon gas reduction is equivalent to removing nearly 7,300 automobiles from America's highways.

"Freight transportation, by its nature, is a significant consumer of carbon-based energy resources. Yet it also is one where if we look creatively at how we operate the business, we can find and adopt practices that reduce our carbon footprint and help the bottom line," said John G. Labrie, Con-way Freight president. "Fuel conservation and cost savings aside, this speed reduction initiative will have the single largest impact on carbon footprint reduction of any operational or business practice change available to us."

"I commend Con-way Freight for integrating clean, innovative strategies and technologies into its fleet operations to reduce energy use and meet its SmartWay environmental commitments," said Margo T. Oge, director of the Environmental Protection Agency's (EPA) Office of Transportation and Air Quality.

Con-way Freight has been a member of the EPA's SmartWay Transport Program since 2006. SmartWay is a voluntary partnership between the EPA and freight industry businesses aimed at reducing emissions of carbon dioxide by 33 to 66 million metric tons and nitrogen oxide by up to 200,000 tons, as well as saving up to 150 million barrels of oil per year. The program officially opened to all companies in February 2004.

Labrie emphasized that the move does not reduce Con-way's service standards in any way. "With our highly engineered network and, in particular, the skill and professionalism of our driver sales representatives, we have been able to implement this change without any impact on our industry-leading transit times and on-time performance. Our people are making this happen; the success and results are a testament to their integrity and commitment."

Con-way Freight annually consumes some 100 million gallons of diesel fuel in its trucking operations, which serve commercial and industrial businesses and cover all of North America through a network of more than 400 operating locations. In addition to the speed reduction initiative, Con-way Freight has also invested in technologies and implemented other operational practices designed to reduce fuel consumption, which also lowers carbon emissions. Among them:

--  Equipping trucks with special aerodynamic fairings to reduce wind
    resistance and improve fuel efficiency
--  Specifying engine and drive-train combinations that maximize fuel
    mileage and peak power requirements
--  Using special engine and transmission lubricants to improve operating
    efficiency and fuel mileage
--  Setting engines with auto shut-off controls to minimize idle time
    while parked
--  Recycling used trailers and refurbishing them for return to the fleet
    through its sister company, Road Systems, Inc., vs. buying new trailers,
    thereby minimizing consumption of new resource materials
    

The company has also converted its fuel sources to 100 percent ultra-low sulfur diesel fuel which, when burned, emits fewer particulates and combusted by-products.

The speed reduction move supports a larger, enterprise-wide sustainability initiative launched by parent company Con-way Inc. (NYSE: CNW). Under this venture, the company is rolling out a formal program in 2008 to promote sustainability across its business units. The effort began earlier this year with benchmarking of current operations, and researching methods and best practices that can contribute to sustainability goals. Con-way's objective with the program is to instill awareness in its workforce of sustainability as a fundamental corporate process, focused on continuous improvement and adoption of sustainable business practices that remove costs and waste while reducing impact on the environment.

About Con-way Freight

Con-way Freight is the industry's leading less-than-truckload (LTL) freight transportation company, providing guaranteed, day-definite regional and transcontinental service through a single, unified network of more than 400 operating locations in the United States, Canada, Mexico and Puerto Rico. Based in Ann Arbor, Mich., Con-way Freight offers LTL freight delivery across North America, as well as delivery in the United States for international less-than-container (LCL) ocean shipments from Asia through its OceanGuaranteed(SM) service. Con-way Freight is a certified FAST highway carrier and is ISO 9001- and 14001-, C-TPAT/PIP, ACE- and CSA-certified.

Con-way Freight is a subsidiary of Con-way Inc. (NYSE: CNW), a $4.7 billion freight transportation and logistics services company and FORTUNE magazine's "Most Admired Company" in transportation and logistics for 2007. For more information, visit www.con-way.com/freight.

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