Con-way (CNW) 8-K Con-way Inc. Reports Fourth-quarter and Full-year Results for 2010

Exhibit 99.2

Con-way Inc.
Freight Segment Statements of Operating Results
(Dollars in thousands)
										Twelve
	Three Months Ended									Months Ended
	March 31,			June 30,		September 30,		December 31,		December 31,
	2010			2010		2010		2010		2010
Revenue before intersegment eliminations	$	725,003		$	816,965	$	797,078	$	736,018	$	3,075,064
Salaries, wages and employee benefits		356,834			389,091		380,441		366,146		1,492,512
Purchased transportation		120,007			138,317		134,599		117,483		510,406
Other operating expenses		113,837			117,515		119,213		108,038		458,603
Fuel and fuel-related taxes		77,181			84,629		76,995		77,822		316,627
Depreciation and amortization		22,916			25,343		27,082		26,050		101,391
Maintenance		21,676			22,195		22,602		21,552		88,025
Rents and leases		11,408			13,686		13,078		11,046		49,218
Purchased labor		4,297			8,963		10,006		6,108		29,374
Total operating expenses		728,156			799,739		784,016		734,245		3,046,156
Operating income (loss)	$	(3,153	)	$	17,226	$	13,062	$	1,773	$	28,908
										Twelve
	Three Months Ended									Months Ended
	March 31,			June 30,		September 30,		December 31,		December 31,
	2009			2009		2009		2009		2009
Revenue before intersegment eliminations	$	573,815		$	649,349	$	704,459	$	696,366	$	2,623,989
Salaries, wages and employee benefits		322,555			310,364		341,886		342,940		1,317,745
Purchased transportation		79,948			91,706		114,783		116,026		402,463
Other operating expenses		98,548			96,744		106,211		103,089		404,592
Fuel and fuel-related taxes		44,817			50,871		61,200		70,767		227,655
Depreciation and amortization		26,793			27,133		27,133		25,674		106,733
Maintenance		17,503			17,177		20,959		20,681		76,320
Rents and leases		6,753			6,115		8,174		10,845		31,887
Purchased labor		285			245		1,297		3,509		5,336
Total operating expenses		597,202			600,355		681,643		693,531		2,572,731
Operating income (loss)	$	(23,387	)	$	48,994	$	22,816	$	2,835	$	51,258

Con-way Inc.
Logistics Segment Statements of Operating Results
(Dollars in thousands)
													Twelve
	Three Months Ended												Months Ended
	March 31,			June 30,			September 30,			December 31,			December 31,
	2010			2010			2010			2010			2010
Revenue before intersegment eliminations	$	355,183		$	385,775		$	370,049		$	366,981		$	1,477,988
Purchased transportation		(210,934	)		(242,978	)		(229,320	)		(223,157	)		(906,389	)
Net revenue		144,249			142,797			140,729			143,824			571,599
Salaries, wages and employee benefits		52,232			54,285			54,770			56,839			218,126
Other operating expenses		37,197			36,016			35,624			39,337			148,174
Fuel and fuel-related taxes		213			216			187			230			846
Depreciation and amortization		3,063			3,201			3,168			2,794			12,226
Maintenance		574			591			642			810			2,617
Rents and leases		16,245			15,506			15,391			16,550			63,692
Purchased labor		19,102			19,974			20,815			20,571			80,462
Loss from impairment of goodwill and intangible assets		2,767			-			16,414			-			19,181
Total operating expenses excluding purchased transportation		131,393			129,789			147,011			137,131			545,324
Operating income (loss)	$	12,856		$	13,008		$	(6,282	)	$	6,693		$	26,275
													Twelve
	Three Months Ended												Months Ended
	March 31,			June 30,			September 30,			December 31,			December 31,
	2009			2009			2009			2009			2009
Revenue before intersegment eliminations	$	316,477		$	327,622		$	346,352		$	341,443		$	1,331,894
Purchased transportation		(191,244	)		(200,252	)		(215,048	)		(205,168	)		(811,712	)
Net revenue		125,233			127,370			131,304			136,275			520,182
Salaries, wages and employee benefits		47,294			50,007			50,942			52,190			200,433
Other operating expenses		38,113			36,915			36,749			39,670			151,447
Fuel and fuel-related taxes		388			357			363			303			1,411
Depreciation and amortization		3,253			2,891			2,989			3,269			12,402
Maintenance		771			647			685			649			2,752
Rents and leases		15,883			15,468			15,492			16,246			63,089
Purchased labor		14,557			13,286			14,552			18,025			60,420
Total operating expenses excluding purchased transportation		120,259			119,571			121,772			130,352			491,954
Operating income	$	4,974		$	7,799		$	9,532		$	5,923		$	28,228

Con-way Inc.
Truckload Segment Statements of Operating Results
(Dollars in thousands)
										Twelve
	Three Months Ended									Months Ended
	March 31,			June 30,		September 30,		December 31,		December 31,
	2010			2010		2010		2010		2010
Revenue before intersegment eliminations	$	140,616		$	145,454	$	140,655	$	143,016	$	569,741
Salaries, wages and employee benefits		52,918			52,710		53,199		53,484		212,311
Purchased transportation		6,188			6,437		6,073		5,686		24,384
Other operating expenses		16,618			18,697		15,731		14,650		65,696
Fuel and fuel-related taxes		36,900			37,431		35,640		37,254		147,225
Depreciation and amortization		15,349			15,323		16,608		16,829		64,109
Maintenance		9,162			9,139		7,334		7,275		32,910
Rents and leases		219			261		257		259		996
Purchased labor		287			324		338		317		1,266
Total operating expenses		137,641			140,322		135,180		135,754		548,897
Operating income	$	2,975		$	5,132	$	5,475	$	7,262	$	20,844
										Twelve
	Three Months Ended									Months Ended
	March 31,			June 30,		September 30,		December 31,		December 31,
	2009			2009		2009		2009		2009
Revenue before intersegment eliminations	$	134,783		$	143,298	$	146,251	$	139,739	$	564,071
Salaries, wages and employee benefits		55,383			59,361		56,789		54,401		225,934
Purchased transportation		5,060			6,074		6,182		6,026		23,342
Other operating expenses		19,711			16,545		17,083		15,236		68,575
Fuel and fuel-related taxes		28,568			31,958		34,188		35,110		129,824
Depreciation and amortization		16,346			14,932		13,837		13,776		58,891
Maintenance		6,857			6,863		7,012		6,440		27,172
Rents and leases		206			213		195		212		826
Purchased labor		517			473		345		330		1,665
Loss from impairment of goodwill and intangible assets		134,813			-		-		-		134,813
Total operating expenses		267,461			136,419		135,631		131,531		671,042
Operating income (loss)	$	(132,678	)	$	6,879	$	10,620	$	8,208	$	(106,971	)

Con-way Inc.
Consolidated Statements of Operating Results
(Dollars in thousands)
										Twelve
	Three Months Ended									Months Ended
	March 31,			June 30,		September 30,		December 31,		December 31,
	2010			2010		2010		2010		2010
Revenue	$	1,161,911		$	1,306,263	$	1,270,183	$	1,213,643	$	4,952,000
Salaries, wages and employee benefits		489,459			523,950		517,221		498,203		2,028,833
Purchased transportation		277,641			344,039		331,137		313,031		1,265,848
Other operating expenses		133,751			140,191		137,563		136,353		547,858
Fuel and fuel-related taxes		114,349			122,335		112,863		115,450		464,997
Depreciation and amortization		45,026			47,938		50,568		48,970		192,502
Maintenance		31,485			32,016		30,640		29,723		123,864
Rents and leases		28,732			30,319		29,622		28,639		117,312
Purchased labor		24,301			30,043		31,654		27,437		113,435
Loss from impairment of goodwill and intangible assets		2,767			-		16,414		-		19,181
Total operating expenses		1,147,511			1,270,831		1,257,682		1,197,806		4,873,830
Operating income	$	14,400		$	35,432	$	12,501	$	15,837	$	78,170
										Twelve
	Three Months Ended									Months Ended
	March 31,			June 30,		September 30,		December 31,		December 31,
	2009			2009		2009		2009		2009
Revenue	$	962,932		$	1,056,333	$	1,133,441	$	1,116,533	$	4,269,239
Salaries, wages and employee benefits		458,416			445,698		476,454		477,816		1,858,384
Purchased transportation		213,541			232,509		271,842		265,540		983,432
Other operating expenses		118,531			118,891		131,408		125,673		494,503
Fuel and fuel-related taxes		73,812			83,223		95,786		106,216		359,037
Depreciation and amortization		50,104			48,858		47,390		46,059		192,411
Maintenance		25,159			24,712		28,690		27,824		106,385
Rents and leases		23,496			22,458		24,497		27,931		98,382
Purchased labor		15,372			14,018		16,240		22,190		67,820
Loss from impairment of goodwill and intangible assets		134,813			-		-		-		134,813
Total operating expenses		1,113,244			990,367		1,092,307		1,099,249		4,295,167
Operating income (loss)	$	(150,312	)	$	65,966	$	41,134	$	17,284	$	(25,928	)