CON-WAY Modifies Fuel Surcharge Tariff

22 November 1999

CON-WAY Modifies Fuel Surcharge Tariff

    ANN ARBOR, Mich.--Nov. 19, 1999--Con-Way Transportation Services (CON-WAY) a subsidiary of CNF Transportation Inc. (CNF: NYSE) announced today that it is modifying its fuel surcharge tariff used by its less-than-truckload (LTL) components, Con-Way Western Express, Con-Way Southern Express and Con-Way Central Express.
    A truckload (TL) level of surcharge will be established for shipments rated at 20,000 pounds and above. Previously the company only had a single fuel surcharge that applied to all shipments. The CON-WAY fuel surcharge is based on the U.S. Department of Energy (DOE) National Average Price for a gallon of diesel fuel. The truckload surcharge level will be twice the level of the LTL fuel surcharge.
    Justification for the TL level is based on the fact that fuel cost has a much larger impact on large shipments than smaller LTL shipments. The change will become effective November 29, 1999. Current and historical information about CON-WAY's fuel surcharges is posted on the company's web site, which can be found at www.con-way.com/cybercenter/fuelcharge/fsc_main.html.
    Con-Way Transportation Services is a $1.8-billion transportation company based in Ann Arbor, Mich. that provides time-definite and day-definite freight delivery services for commercial and industrial businesses. Within the CON-WAY family are regional less-than-truckload carriers Con-Way Central Express, Con-Way Southern Express and Con-Way Western Express; Con-Way Truckload Services, providing multi-modal, full-truckload shipping; Con-Way NOW, an expedited carrier specializing in emergency shipment service; and Con-Way Integrated Services, a contract supply chain execution service provider.
    CON-WAY is a subsidiary of Palo Alto, Calif.-based CNF Transportation Inc., (CNF: NYSE) a $5.7 billion management company of global supply chain services with businesses in regional trucking, air freight, ocean freight, customs brokerage, global logistics management and trailer manufacturing.
    Further information about CON-WAY and additional press releases are available via the Internet at www.con-way.com