Con-way (CNW) 10-Q 29 Jul 15 2015 Q2 Quarterly report Financial data

DEI Document

DEI Document - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
DEI [Abstract]
Entity Registrant Name	Con-way Inc.
Trading Symbol	cnw
Entity Central Index Key	23,675
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock, Shares, Outstanding	57,232,003
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float		$ 2,047,525,856

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Cash and cash equivalents	$ 435,080	$ 432,759
Marketable securities	8,285	8,285
Trade accounts receivable, net	673,082	649,086
Other accounts receivable	65,966	70,305
Operating supplies, at lower of average cost or market	22,938	23,664
Prepaid expenses and other current assets	63,635	63,344
Deferred income taxes	13,567	13,957
Total Current Assets	1,282,553	1,261,400
Land	192,471	192,490
Buildings and leasehold improvements	860,558	856,037
Revenue equipment	1,931,121	1,902,358
Other equipment	360,935	362,341
Property, plant and equipment, gross	3,345,085	3,313,226
Accumulated depreciation	(1,697,517)	(1,659,015)
Net Property, Plant and Equipment	1,647,568	1,654,211
Deferred charges and other assets	30,208	31,826
Capitalized software, net	30,155	26,208
Employee benefits	18,675	18,110
Intangible assets, net	5,106	6,284
Goodwill	337,456	337,579
Total Noncurrent Assets	421,600	420,007
Total Assets	3,351,721	3,335,618
Accounts payable	394,364	349,995
Accrued liabilities	260,688	257,943
Self-insurance accruals	117,737	117,783
Short-term borrowings	2,045	1,736
Current maturities of capital leases	3,224	14,663
Total Current Liabilities	778,058	742,120
Long-term debt	719,381	719,303
Long-term obligations under capital leases	8,811	10,587
Self-insurance accruals	143,122	151,257
Employee benefits	216,963	239,368
Other liabilities and deferred credits	32,382	34,356
Deferred income taxes	250,110	242,789
Total Liabilities	$ 2,148,827	$ 2,139,780
Commitments and Contingencies (Note 9)
Common stock ($0.625 par value; authorized 100,000,000 shares; issued 66,303,416 and 65,782,041 shares, respectively)	$ 41,471	$ 41,101
Additional paid in capital, common stock	716,953	706,756
Retained earnings	1,191,797	1,151,791
Cost of repurchased stock (8,673,724 and 8,112,141 shares, respectively)	(393,919)	(349,401)
Accumulated other comprehensive loss	(353,408)	(354,409)
Total Stockholders' Equity	1,202,894	1,195,838
Total Liabilities and Shareholders' Equity	$ 3,351,721	$ 3,335,618

Consolidated Balance Sheets Sto

Consolidated Balance Sheets Stockholders' Equity - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Stockholders' Equity Attributable to Parent [Abstract]
Common stock, par value	$ 0.625	$ 0.625
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	66,382,798	65,782,041
Repurchased common stock, shares	9,150,795	8,112,141

Statements of Consolidated Inco

Statements of Consolidated Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue	$ 1,427,314	$ 1,492,349	$ 2,799,745	$ 2,861,192
Salaries, wages and employee benefits	584,031	561,073	1,148,338	1,098,325
Purchased transportation	328,298	368,658	660,232	701,643
Other operating expenses	176,885	157,510	343,990	319,746
Fuel and fuel-related taxes	88,522	130,802	175,425	267,504
Depreciation and amortization	59,725	60,848	119,688	120,459
Purchased labor	35,127	42,334	75,637	84,554
Rents and leases	36,939	34,399	72,866	68,358
Maintenance	33,781	34,025	67,636	64,841
Operating Expenses	1,343,308	1,389,649	2,663,812	2,725,430
Operating Income	84,006	102,700	135,933	135,762
Investment income	144	175	309	336
Interest expense	(13,221)	(13,403)	(26,498)	(26,709)
Miscellaneous, net	524	1,296	(1,896)	601
Other Income (Expense)	(12,553)	(11,932)	(28,085)	(25,772)
Income before income tax provision	71,453	90,768	107,848	109,990
Income tax provision	27,418	37,101	42,021	43,430
Net Income	$ 44,035	$ 53,667	$ 65,827	$ 66,560
Weighted average common shares outstanding, basic	57,419,971	57,128,379	57,526,585	57,043,378
Weighted average common shares outstanding, diluted	57,805,354	57,694,691	58,013,169	57,577,373
Earnings per common share, basic	$ 0.77	$ 0.94	$ 1.14	$ 1.17
Earnings per common share, diluted	0.76	0.93	1.13	1.16
Cash Dividends Declared per Common Share	$ 0.30	$ 0.20	$ 0.45	$ 0.30

Statements of Consolidated Comp

Statements of Consolidated Comprehensive Income Statement - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$ 44,035	$ 53,667	$ 65,827	$ 66,560
Foreign currency translation adjustment	173	(439)	(2,891)	(317)
Amortization of net actuarial loss included in net periodic benefit expense or income, net of deferred tax of $1,285 and $794, respectively	2,080	1,182	4,149	2,425
Amortization of prior service credit included in net periodic benefit expense or income, net of deferred tax of $80 and $122, respectively	(129)	(190)	(257)	(379)
Other Comprehensive Income, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	1,951	992	3,892	2,046
Total Other Comprehensive Income (Loss)	2,124	553	1,001	1,729
Comprehensive Income	$ 46,159	$ 54,220	$ 66,828	$ 68,289

Statements of Consolidated Com6

Statements of Consolidated Comprehensive Income Other Comprehensive Income, Deferred Tax - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Comprehensive Income, Deferred Tax [Abstract]
Amortization of net actuarial loss included in net periodic benefit expense or income, tax	$ 1,290	$ 756	$ 2,575	$ 1,550
Amortization of prior service credit included in net periodic benefit expense or income, tax	$ 79	$ 120	$ 159	$ 242

Statements of Consolidated Cash

Statements of Consolidated Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash and Cash Equivalents, at Beginning of Period	$ 432,759	$ 484,502
Net income	65,827	66,560
Depreciation, Amortization and Accretion, Net	119,686	120,223
Non-cash compensation and employee benefits	13,474	12,182
Increase in deferred income taxes	5,160	18,708
Provision for uncollectible accounts	(33)	1,402
Loss (gain) from sale of property and equipment	(1,348)	(5,375)
Receivables	(20,350)	(119,659)
Prepaid expense	(2,380)	(2,946)
Accounts payable	34,714	34,658
Accrued variable compensation	(28,452)	(6,307)
Accrued liabilities, excluding accrued variable compensation and employee benefits	32,315	32,962
Self-insurance accruals	(7,764)	5,617
Accrued income taxes	2,636	3,164
Employee benefits	(26,476)	(39,132)
Other	(11,255)	(412)
Net Cash Provided by (Used in) Operating Activities	175,754	121,645
Capital expenditures	(116,489)	(123,366)
Software expenditures	(7,865)	(5,613)
Proceeds from sales of property and equipment	12,223	22,391
Net cash used in investing activities	(112,131)	(106,588)
Payment of capital leases	(13,032)	(6,141)
Net proceeds from short-term borrowings	326	801
Proceeds from exercise of stock options	559	13,573
Excess tax benefit from share-based compensation	2,913	2,413
Payments of common dividends	(17,264)	(11,413)
Repurchases of common stock	(34,804)	0
Net Cash Used in Financing Activities	(61,302)	(767)
Decrease in Cash and Cash Equivalents	2,321	14,290
Cash and Cash Equivalents, at End of Period	435,080	498,792
Cash paid (refunded) for income taxes, net	30,042	19,169
Cash paid for interest	25,984	26,232
Capital Expenditures Incurred but Not yet Paid	4,536	0
Repurchases of common stock included in current liabilities	1,550	0
Property, plant and equipment acquired through partial non-monetary exchanges	10,947	936
Capital Lease Obligations Incurred	$ 116	$ 7,233

Note 1. Principal Accounting Po

Note 1. Principal Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Principal Accounting Policies Organization Con-way Inc. and its consolidated subsidiaries ("Con-way") provide transportation, logistics and supply-chain management services for a wide range of manufacturing, industrial and retail customers. Con-way’s business units operate in regional, inter-regional and transcontinental less-than-truckload and full-truckload freight transportation, contract logistics and supply-chain management, multimodal freight brokerage, and trailer manufacturing. As more fully discussed in Note 3 , " Segment Reporting ," for financial reporting purposes, Con-way is divided into three reporting segments: Freight, Logistics and Truckload. Basis of Presentation These unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. for interim financial information and Rule 10-01 of Regulation S-X, and should be read in conjunction with Con-way’s 2014 Annual Report on Form 10-K. Accordingly, significant accounting policies and other disclosures normally provided have been reduced or omitted. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, including normal recurring adjustments, necessary to present fairly Con-way’s financial position, results of operations and cash flows for the periods presented. Results for the interim periods presented are not necessarily indicative of annual results. Earnings per Share ("EPS") Basic EPS is calculated by dividing net income by the weighted-average common shares outstanding during the period. Diluted EPS is calculated as follows: Three Months Ended Six Months Ended (Dollars in thousands, except per share data) 2015 2014 2015 2014 Numerator: Net income $ 44,035 $ 53,667 $ 65,827 $ 66,560 Denominator: Weighted-average common shares outstanding - Basic 57,419,971 57,128,379 57,526,585 57,043,378 Stock options and nonvested stock 385,383 566,312 486,584 533,995 Weighted-average common shares outstanding - Diluted 57,805,354 57,694,691 58,013,169 57,577,373 Diluted EPS $ 0.76 $ 0.93 $ 1.13 $ 1.16 Anti-dilutive stock options excluded from the calculation of diluted EPS 408,097 499,469 347,574 719,958 New Accounting Standards In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." This ASU, codified in the "Revenue Recognition" topic of the FASB Accounting Standards Codification, requires revenue to be recognized upon the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard also requires disclosures sufficient to describe the nature, amount, timing, and uncertainty of revenue and cash flows arising from these customer contracts. This standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted for the first interim period within annual reporting periods beginning after December 15, 2016. This ASU can be applied either retrospectively to each prior reporting period presented or with the cumulative effect of initially applying the standard recognized on the date of adoption. Con-way plans to adopt this standard in the first quarter of 2018. Con-way is currently evaluating the method of application and the potential impact on the financial statements and related disclosures. In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs." This ASU, codified in the "Interest - Imputation of Interest" topic of the FASB Accounting Standards Codification, reduces the complexity of the balance sheet presentation for debt-related disclosures. Under this ASU, debt issuance costs will be recognized as a direct deduction from the carrying amount of the related debt liability, rather than an asset. The accounting guidance in this ASU will be applied retrospectively for fiscal years, and interim periods within those years, beginning after December 15, 2015. Con-way plans to adopt this ASU in the first quarter of 2016. As of June 30, 2015 and December 31, 2014 , Con-way had $3.9 million and $4.1 million , respectively, of debt issuance costs related to its 7.25% Senior Notes due 2018 and 6.70% Senior Debentures due 2034. In accordance with the guidance, Con-way would reclassify these costs from deferred charges and other assets to long-term debt in the consolidated balance sheets. In May 2015, the FASB issued ASU No. 2015-09, "Disclosures about Short-Duration Contracts." This ASU, codified in the "Financial Services - Insurance" topic of the FASB Accounting Standards Codification, requires insurance entities to disclose additional information about the liability for unpaid claims and claim adjustments. This standard is effective for fiscal years beginning after December 15, 2015 and interim periods within annual periods beginning after December 15, 2016 and will be applied retrospectively by providing comparative disclosures for each period presented. Con-way is currently evaluating the applicability of this standard to the activities of its captive insurance companies. In May 2015, the FASB issued ASU No. 2015-07, "Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)." This ASU, codified in the "Fair Value Measurements" topic of the FASB Accounting Standards Codification, removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. This ASU is effective retrospectively for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted. This standard will have an impact on Con-way's notes to consolidated financial statements; however, it will not have an effect on the consolidated balance sheets or the statements of consolidated income.

Note 2. Goodwill and Intangible

Note 2. Goodwill and Intangible Assets Goodwill and Intangible Assets (Notes)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill and Intangible Assets Goodwill The following table shows the changes in the gross carrying amounts of goodwill: (Dollars in thousands) Logistics Truckload Corporate and Eliminations Total Goodwill $ 55,695 $ 464,598 $ 727 $ 521,020 Accumulated impairment losses (48,236 ) (134,813 ) — (183,049 ) Balances at December 31, 2013 7,459 329,785 727 337,971 Change in foreign currency exchange rates (392 ) — — (392 ) Goodwill 55,303 464,598 727 520,628 Accumulated impairment losses (48,236 ) (134,813 ) — (183,049 ) Balances at December 31, 2014 7,067 329,785 727 337,579 Change in foreign currency exchange rates (123 ) — — (123 ) Goodwill 55,180 464,598 727 520,505 Accumulated impairment losses (48,236 ) (134,813 ) — (183,049 ) Balances at June 30, 2015 $ 6,944 $ 329,785 $ 727 $ 337,456 Intangible Assets Intangible assets are amortized on a straight-line basis over their estimated useful lives. Amortization expense was $0.6 million and $1.2 million for the second quarter and first half of 2015 , respectively, compared to $0.6 million and $1.2 million for the same periods of 2014 . Intangible assets consisted of the following: June 30, 2015 December 31, 2014 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer relationships $ 23,088 $ 17,982 $ 23,088 $ 16,804 Con-way's customer-relationship intangible asset relates to the Con-way Truckload business unit. Estimated future amortization expense is presented for the years ended December 31, in the following table: (Dollars in thousands) Remaining six months of 2015 $ 1,178 2016 2,356 2017 1,572

Note 2. Goodwill and Intangib10

Note 2. Goodwill and Intangible Assets - Customer Relationships [Member] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 23,088	$ 23,088
Accumulated amortization	$ 17,982	$ 16,804

Note 3. Segment Reporting

Note 3. Segment Reporting	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Segment Reporting Con-way discloses segment information in the manner in which the business units are organized for making operating decisions, assessing performance and allocating resources. For the periods presented, Con-way is divided into the following three reporting segments: • Freight . The Freight segment consists of the operating results of the Con-way Freight business unit, which provides regional, inter-regional and transcontinental less-than-truckload freight services throughout North America. • Logistics . The Logistics segment consists of the operating results of the Menlo Logistics business unit, which develops contract-logistics solutions, including the management of complex distribution networks and supply-chain engineering and consulting, and also provides multimodal freight-brokerage services. • Truckload. The Truckload segment consists of the operating results of the Con-way Truckload business unit, which provides asset-based full-truckload freight services throughout North America. Financial Data Management evaluates segment performance primarily based on revenue and operating income (loss). Accordingly, investment income, interest expense and other non-operating items are not reported in segment results. Corporate expenses are generally allocated based on measurable services provided to each segment, or for general corporate expenses, based on segment revenue. Inter-segment revenue and related operating income (loss) have been eliminated to reconcile to consolidated revenue and operating income. Transactions between segments are generally based on negotiated prices. Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Revenue from External Customers Freight $ 907,809 $ 927,942 $ 1,754,443 $ 1,764,271 Logistics 385,885 413,830 784,064 803,202 Truckload 132,070 148,930 257,837 289,527 Corporate and Eliminations 1,550 1,647 3,401 4,192 $ 1,427,314 $ 1,492,349 $ 2,799,745 $ 2,861,192 Revenue from Internal Customers Freight $ 9,097 $ 12,561 $ 18,075 $ 24,259 Logistics 20,051 19,820 38,942 36,813 Truckload 10,678 15,134 23,636 30,547 Corporate and Eliminations 18,509 17,152 36,799 31,542 $ 58,335 $ 64,667 $ 117,452 $ 123,161 Operating Income (Loss) Freight $ 69,516 $ 83,021 $ 106,892 $ 101,586 Logistics 8,004 6,418 16,620 12,592 Truckload 9,313 13,499 16,874 19,879 Corporate and Eliminations (2,827 ) (238 ) (4,453 ) 1,705 $ 84,006 $ 102,700 $ 135,933 $ 135,762

Note 4. Fair-Value Measurements

Note 4. Fair-Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Fair-Value Measurements Assets and liabilities reported at fair value are classified in one of the following three levels within the fair-value hierarchy: Level 1: Quoted market prices in active markets for identical assets or liabilities Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data Level 3: Unobservable inputs that are not corroborated by market data Financial Assets Measured at Fair Value on a Recurring Basis The following table summarizes the valuation of financial instruments within the fair-value hierarchy: June 30, 2015 (Dollars in thousands) Total Level 1 Level 2 Level 3 Cash equivalents $ 369,874 $ 77,092 $ 292,782 $ — Marketable securities $ 8,285 $ — $ 8,285 $ — December 31, 2014 (Dollars in thousands) Total Level 1 Level 2 Level 3 Cash equivalents $ 385,548 $ 63,092 $ 322,456 $ — Marketable securities $ 8,285 $ — $ 8,285 $ — Cash equivalents consist of short-term interest-bearing instruments (primarily commercial paper, certificates of deposit and money-market funds) with maturities of three months or less at the date of purchase. Current marketable securities consist of variable-rate demand notes. Money-market funds reflect their published net asset value and are classified as Level 1 instruments. Commercial paper, certificates of deposit and variable-rate demand notes are generally valued using published interest rates for instruments with similar terms and maturities, and accordingly, are classified as Level 2 instruments. At June 30, 2015 , the weighted-average days to maturity of the cash equivalents and marketable securities was less than one month. Based on their short maturities, the carrying amount of the cash equivalents and marketable securities approximates their fair value.

Note 5. Shareholders' Equity

Note 5. Shareholders' Equity	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Shareholders' Equity Accumulated Other Comprehensive Loss All changes in equity, except those resulting from investments by owners and distributions to owners, are reported in the statements of consolidated comprehensive income. The following is a summary of the components of accumulated other comprehensive loss and the changes in accumulated other comprehensive loss: (Dollars in thousands) Foreign Currency Translation Adjustment Employee Benefit Plans Total Balances at March 31, 2015 $ (6,219 ) $ (349,313 ) $ (355,532 ) Other comprehensive income before reclassifications 173 — 173 Amounts reclassified from accumulated other comprehensive loss — 1,951 1,951 Balances at June 30, 2015 $ (6,046 ) $ (347,362 ) $ (353,408 ) (Dollars in thousands) Foreign Currency Translation Adjustment Employee Benefit Plans Total Balances at December 31, 2014 $ (3,155 ) $ (351,254 ) $ (354,409 ) Other comprehensive loss before reclassifications (2,891 ) — (2,891 ) Amounts reclassified from accumulated other comprehensive loss — 3,892 3,892 Balances at June 30, 2015 $ (6,046 ) $ (347,362 ) $ (353,408 ) (Dollars in thousands) Foreign Currency Translation Adjustment Employee Benefit Plans Total Balances at March 31, 2014 $ (302 ) $ (268,053 ) $ (268,355 ) Other comprehensive loss before reclassifications (439 ) — (439 ) Amounts reclassified from accumulated other comprehensive loss — 992 992 Balances at June 30, 2014 $ (741 ) $ (267,061 ) $ (267,802 ) (Dollars in thousands) Foreign Currency Translation Adjustment Employee Benefit Plans Total Balances at December 31, 2013 $ (424 ) $ (269,107 ) $ (269,531 ) Other comprehensive loss before reclassifications (317 ) — (317 ) Amounts reclassified from accumulated other comprehensive loss — 2,046 2,046 Balances at June 30, 2014 $ (741 ) $ (267,061 ) $ (267,802 ) See Note 6 , " Employee Benefit Plans " for additional information concerning Con-way's employee benefit plans, including amounts reported for net periodic benefit expense or income. Common Stock Repurchase Program Con-way repurchased 830,000 shares of common stock under its $150 million stock repurchase program during the first half of 2015 . As of June 30, 2015 , Con-way had acquired a total of 1,185,000 shares of common stock under this repurchase program, leaving approximately $98 million remaining for share repurchase.

Note 6. Employee Benefit Plans

Note 6. Employee Benefit Plans	6 Months Ended
	Jun. 30, 2015
Defined Benefit Pension Plans [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Employee Benefit Plans In the periods presented, certain employees of Con-way and its subsidiaries in the U.S. were covered under several retirement benefit plans, including defined benefit pension plans, defined contribution retirement plans and a postretirement medical plan. See Note 9, "Employee Benefit Plans," of Item 8, "Financial Statements and Supplementary Data," in Con-way’s 2014 Annual Report on Form 10-K for additional information concerning its employee benefit plans. Defined Benefit Pension Plans As a result of plan amendments in previous years, no additional benefits accrue under these plans and already-accrued benefits will not be adjusted for future increases in compensation. The following table summarizes the components of net periodic benefit expense (income) for Con-way’s domestic defined benefit pension plans: Qualified Pension Plans Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Interest cost on benefit obligation $ 18,211 $ 18,767 $ 36,392 $ 37,638 Expected return on plan assets (21,727 ) (23,309 ) (43,467 ) (46,636 ) Amortization of actuarial loss 3,241 2,375 6,364 4,850 Amortization of prior-service costs 404 405 809 809 Settlement loss (gain) (22 ) — 38 — Net periodic benefit expense (income) $ 107 $ (1,762 ) $ 136 $ (3,339 ) Non-Qualified Pension Plan Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Interest cost on benefit obligation $ 797 $ 864 $ 1,593 $ 1,726 Amortization of actuarial loss 305 219 601 438 Amortization of prior-service costs 1 1 2 2 Net periodic benefit expense $ 1,103 $ 1,084 $ 2,196 $ 2,166 Con-way expects to make contributions of approximately $30 million to its qualified pension plans in 2015 , including $15.7 million contributed through June 2015 . Defined Contribution Retirement Plans Con-way’s cost for defined contribution retirement plans was $14.6 million and $29.0 million in the second quarter and first half of 2015 compared to $14.1 million and $27.7 million in the same periods of 2014 . Postretirement Medical Plan The following table summarizes the components of net periodic benefit expense (income) for the postretirement medical plan: Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Service cost $ 171 $ 271 $ 464 $ 542 Interest cost on benefit obligation 625 671 1,270 1,343 Amortization of actuarial gain (176 ) (656 ) (241 ) (1,313 ) Amortization of prior-service credit (613 ) (716 ) (1,227 ) (1,432 ) Net periodic benefit expense (income) $ 7 $ (430 ) $ 266 $ (860 )

Note 7. Share-based Compensatio

Note 7. Share-based Compensation	6 Months Ended
	Jun. 30, 2015
Share-based compensation expense [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Share-Based Compensation Under the terms of its share-based compensation plans, Con-way grants various types of share-based compensation awards to employees and directors. The plans provide for awards in the form of nonvested stock (also known as restricted stock), performance-share plan units ("PSPUs"), stock options and stock appreciation rights ("SARs"). See Note 10, "Share-Based Compensation," of Item 8, "Financial Statements and Supplementary Data," in Con-way’s 2014 Annual Report on Form 10-K for additional information concerning its share-based compensation awards. The following expense was recognized for share-based compensation: Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Salaries, wages and employee benefits $ 789 $ 7,646 $ 6,075 $ 10,976 Deferred income tax benefit (302 ) (2,981 ) (2,327 ) (4,280 ) Net share-based compensation expense $ 487 $ 4,665 $ 3,748 $ 6,696 At June 30, 2015 and December 31, 2014 , Con-way had recognized accrued liabilities for cash-settled SARs of $1.1 million and $2.2 million , respectively, using a weighted-average fair value per SAR of $10.76 and $20.97 , respectively.

Note 8. Income Taxes

Note 8. Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes Con-way's effective tax rates for the second quarter and first half of 2015 were 38.4% and 39.0% , respectively. The effective tax rates for the second quarter and first half of 2014 were 40.9% and 39.5% , respectively. The customary relationship between income tax expense and pretax income was affected by discrete adjustments. The effective tax rates in the second quarter and first half of 2015 included discrete tax benefits of $0.8 million and $0.7 million , respectively. The effective tax rates in the second quarter and first half of 2014 included a discrete tax charge of $0.7 million and a discrete tax benefit of $0.6 million , respectively.

Note 9. Commitments and Conting

Note 9. Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Service Contracts Con-way has agreements with vendors to provide certain information-technology, administrative and accounting services. The payments under the terms of the agreements are subject to change depending on the quantities and types of services consumed. The contracts also contain provisions that allow Con-way to terminate the contract at any time; however, Con-way would be required to pay fees if termination is for causes other than the failure of the service providers to perform. California Wage and Hour Con-way is a defendant in several class-action lawsuits alleging violations of the state of California's wage and hour laws. Plaintiffs allege that Con-way failed to provide drivers with required meal breaks and rest breaks. Plaintiffs seek to recover unspecified monetary damages, penalties, interest and attorneys' fees. The primary case is Jose Alberto Fonseca Pina, et al. v. Con-way Freight Inc. , et al. (the " Pina " case). The Pina case was initially filed in November 2009 in Monterey County Superior Court and was removed to the U.S. District Court of California, Northern District. On April 12, 2012, the Court granted plaintiff's request for class certification in the Pina case as to a limited number of issues. The class certification rulings do not address whether Con-way will ultimately be held liable. Con-way has denied any liability with respect to these claims and intends to vigorously defend itself in this case. There are multiple factors that prevent Con-way from being able to estimate the amount of potential loss, if any, that may result from this matter, including: (1) Con-way is vigorously defending itself and believes that it has a number of meritorious legal defenses; and (2) at this stage in the case, there are unresolved questions of fact that could be important to the resolution of this matter. Unclaimed-Property Audits Con-way is currently being audited by several states, primarily the State of Delaware, for compliance with unclaimed-property laws. The property subject to review in this audit process generally includes unclaimed securities and unclaimed payments and refunds to employees, shareholders, vendors and customers. State and federal escheat laws generally require companies to report and remit unclaimed property to the states. Con-way believes it has procedures in place to comply with these laws. The audits of Con-way securities and payments were completed in the third quarter of 2013 and the second quarter of 2014, respectively, with no material findings. The audit of refunds is ongoing. Given the current stage of the remaining audit, Con-way cannot estimate the amount or range of potential loss. Other Con-way is a defendant in various other lawsuits incidental to its businesses. It is the opinion of management that the ultimate outcome of these actions will not have a material effect on Con-way’s financial condition, results of operations or cash flows.

Note 1. Principal Accounting 18

Note 1. Principal Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Business Description and Accounting Policies [Text Block]	Organization Con-way Inc. and its consolidated subsidiaries ("Con-way") provide transportation, logistics and supply-chain management services for a wide range of manufacturing, industrial and retail customers. Con-way’s business units operate in regional, inter-regional and transcontinental less-than-truckload and full-truckload freight transportation, contract logistics and supply-chain management, multimodal freight brokerage, and trailer manufacturing. As more fully discussed in Note 3 , " Segment Reporting ," for financial reporting purposes, Con-way is divided into three reporting segments: Freight, Logistics and Truckload.
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation These unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. for interim financial information and Rule 10-01 of Regulation S-X, and should be read in conjunction with Con-way’s 2014 Annual Report on Form 10-K. Accordingly, significant accounting policies and other disclosures normally provided have been reduced or omitted. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, including normal recurring adjustments, necessary to present fairly Con-way’s financial position, results of operations and cash flows for the periods presented. Results for the interim periods presented are not necessarily indicative of annual results.
Earnings Per Share [Text Block]	Earnings per Share ("EPS") Basic EPS is calculated by dividing net income by the weighted-average common shares outstanding during the period. Diluted EPS is calculated as follows: Three Months Ended Six Months Ended (Dollars in thousands, except per share data) 2015 2014 2015 2014 Numerator: Net income $ 44,035 $ 53,667 $ 65,827 $ 66,560 Denominator: Weighted-average common shares outstanding - Basic 57,419,971 57,128,379 57,526,585 57,043,378 Stock options and nonvested stock 385,383 566,312 486,584 533,995 Weighted-average common shares outstanding - Diluted 57,805,354 57,694,691 58,013,169 57,577,373 Diluted EPS $ 0.76 $ 0.93 $ 1.13 $ 1.16 Anti-dilutive stock options excluded from the calculation of diluted EPS 408,097 499,469 347,574 719,958
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." This ASU, codified in the "Revenue Recognition" topic of the FASB Accounting Standards Codification, requires revenue to be recognized upon the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard also requires disclosures sufficient to describe the nature, amount, timing, and uncertainty of revenue and cash flows arising from these customer contracts. This standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted for the first interim period within annual reporting periods beginning after December 15, 2016. This ASU can be applied either retrospectively to each prior reporting period presented or with the cumulative effect of initially applying the standard recognized on the date of adoption. Con-way plans to adopt this standard in the first quarter of 2018. Con-way is currently evaluating the method of application and the potential impact on the financial statements and related disclosures. In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs." This ASU, codified in the "Interest - Imputation of Interest" topic of the FASB Accounting Standards Codification, reduces the complexity of the balance sheet presentation for debt-related disclosures. Under this ASU, debt issuance costs will be recognized as a direct deduction from the carrying amount of the related debt liability, rather than an asset. The accounting guidance in this ASU will be applied retrospectively for fiscal years, and interim periods within those years, beginning after December 15, 2015. Con-way plans to adopt this ASU in the first quarter of 2016. As of June 30, 2015 and December 31, 2014 , Con-way had $3.9 million and $4.1 million , respectively, of debt issuance costs related to its 7.25% Senior Notes due 2018 and 6.70% Senior Debentures due 2034. In accordance with the guidance, Con-way would reclassify these costs from deferred charges and other assets to long-term debt in the consolidated balance sheets. In May 2015, the FASB issued ASU No. 2015-09, "Disclosures about Short-Duration Contracts." This ASU, codified in the "Financial Services - Insurance" topic of the FASB Accounting Standards Codification, requires insurance entities to disclose additional information about the liability for unpaid claims and claim adjustments. This standard is effective for fiscal years beginning after December 15, 2015 and interim periods within annual periods beginning after December 15, 2016 and will be applied retrospectively by providing comparative disclosures for each period presented. Con-way is currently evaluating the applicability of this standard to the activities of its captive insurance companies. In May 2015, the FASB issued ASU No. 2015-07, "Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)." This ASU, codified in the "Fair Value Measurements" topic of the FASB Accounting Standards Codification, removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. This ASU is effective retrospectively for fiscal years, and interim periods within those years, beginning after December 15, 2015. Early adoption is permitted. This standard will have an impact on Con-way's notes to consolidated financial statements; however, it will not have an effect on the consolidated balance sheets or the statements of consolidated income.

Note 1. Principal Accounting 19

Note 1. Principal Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended (Dollars in thousands, except per share data) 2015 2014 2015 2014 Numerator: Net income $ 44,035 $ 53,667 $ 65,827 $ 66,560 Denominator: Weighted-average common shares outstanding - Basic 57,419,971 57,128,379 57,526,585 57,043,378 Stock options and nonvested stock 385,383 566,312 486,584 533,995 Weighted-average common shares outstanding - Diluted 57,805,354 57,694,691 58,013,169 57,577,373 Diluted EPS $ 0.76 $ 0.93 $ 1.13 $ 1.16 Anti-dilutive stock options excluded from the calculation of diluted EPS 408,097 499,469 347,574 719,958

Note 2. Goodwill and Intangib20

Note 2. Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Intangible Assets [Abstract]
Schedule of Goodwill [Table Text Block]	(Dollars in thousands) Logistics Truckload Corporate and Eliminations Total Goodwill $ 55,695 $ 464,598 $ 727 $ 521,020 Accumulated impairment losses (48,236 ) (134,813 ) — (183,049 ) Balances at December 31, 2013 7,459 329,785 727 337,971 Change in foreign currency exchange rates (392 ) — — (392 ) Goodwill 55,303 464,598 727 520,628 Accumulated impairment losses (48,236 ) (134,813 ) — (183,049 ) Balances at December 31, 2014 7,067 329,785 727 337,579 Change in foreign currency exchange rates (123 ) — — (123 ) Goodwill 55,180 464,598 727 520,505 Accumulated impairment losses (48,236 ) (134,813 ) — (183,049 ) Balances at June 30, 2015 $ 6,944 $ 329,785 $ 727 $ 337,456
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	June 30, 2015 December 31, 2014 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer relationships $ 23,088 $ 17,982 $ 23,088 $ 16,804
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(Dollars in thousands) Remaining six months of 2015 $ 1,178 2016 2,356 2017 1,572

Note 3. Segment Reporting (Tabl

Note 3. Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Revenue from External Customers Freight $ 907,809 $ 927,942 $ 1,754,443 $ 1,764,271 Logistics 385,885 413,830 784,064 803,202 Truckload 132,070 148,930 257,837 289,527 Corporate and Eliminations 1,550 1,647 3,401 4,192 $ 1,427,314 $ 1,492,349 $ 2,799,745 $ 2,861,192 Revenue from Internal Customers Freight $ 9,097 $ 12,561 $ 18,075 $ 24,259 Logistics 20,051 19,820 38,942 36,813 Truckload 10,678 15,134 23,636 30,547 Corporate and Eliminations 18,509 17,152 36,799 31,542 $ 58,335 $ 64,667 $ 117,452 $ 123,161 Operating Income (Loss) Freight $ 69,516 $ 83,021 $ 106,892 $ 101,586 Logistics 8,004 6,418 16,620 12,592 Truckload 9,313 13,499 16,874 19,879 Corporate and Eliminations (2,827 ) (238 ) (4,453 ) 1,705 $ 84,006 $ 102,700 $ 135,933 $ 135,762

Note 4. Fair-Value Measuremen22

Note 4. Fair-Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	June 30, 2015 (Dollars in thousands) Total Level 1 Level 2 Level 3 Cash equivalents $ 369,874 $ 77,092 $ 292,782 $ — Marketable securities $ 8,285 $ — $ 8,285 $ — December 31, 2014 (Dollars in thousands) Total Level 1 Level 2 Level 3 Cash equivalents $ 385,548 $ 63,092 $ 322,456 $ — Marketable securities $ 8,285 $ — $ 8,285 $ —

Note 5. Shareholders' Equity (T

Note 5. Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	(Dollars in thousands) Foreign Currency Translation Adjustment Employee Benefit Plans Total Balances at December 31, 2014 $ (3,155 ) $ (351,254 ) $ (354,409 ) Other comprehensive loss before reclassifications (2,891 ) — (2,891 ) Amounts reclassified from accumulated other comprehensive loss — 3,892 3,892 Balances at June 30, 2015 $ (6,046 ) $ (347,362 ) $ (353,408 ) (Dollars in thousands) Foreign Currency Translation Adjustment Employee Benefit Plans Total Balances at March 31, 2015 $ (6,219 ) $ (349,313 ) $ (355,532 ) Other comprehensive income before reclassifications 173 — 173 Amounts reclassified from accumulated other comprehensive loss — 1,951 1,951 Balances at June 30, 2015 $ (6,046 ) $ (347,362 ) $ (353,408 )	(Dollars in thousands) Foreign Currency Translation Adjustment Employee Benefit Plans Total Balances at December 31, 2013 $ (424 ) $ (269,107 ) $ (269,531 ) Other comprehensive loss before reclassifications (317 ) — (317 ) Amounts reclassified from accumulated other comprehensive loss — 2,046 2,046 Balances at June 30, 2014 $ (741 ) $ (267,061 ) $ (267,802 ) (Dollars in thousands) Foreign Currency Translation Adjustment Employee Benefit Plans Total Balances at March 31, 2014 $ (302 ) $ (268,053 ) $ (268,355 ) Other comprehensive loss before reclassifications (439 ) — (439 ) Amounts reclassified from accumulated other comprehensive loss — 992 992 Balances at June 30, 2014 $ (741 ) $ (267,061 ) $ (267,802 )

Note 6. Employee Benefit Plans

Note 6. Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2015
Qualified Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	Qualified Pension Plans Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Interest cost on benefit obligation $ 18,211 $ 18,767 $ 36,392 $ 37,638 Expected return on plan assets (21,727 ) (23,309 ) (43,467 ) (46,636 ) Amortization of actuarial loss 3,241 2,375 6,364 4,850 Amortization of prior-service costs 404 405 809 809 Settlement loss (gain) (22 ) — 38 — Net periodic benefit expense (income) $ 107 $ (1,762 ) $ 136 $ (3,339 )
Non Qualified Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	Non-Qualified Pension Plan Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Interest cost on benefit obligation $ 797 $ 864 $ 1,593 $ 1,726 Amortization of actuarial loss 305 219 601 438 Amortization of prior-service costs 1 1 2 2 Net periodic benefit expense $ 1,103 $ 1,084 $ 2,196 $ 2,166
Postretirement Medical Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Service cost $ 171 $ 271 $ 464 $ 542 Interest cost on benefit obligation 625 671 1,270 1,343 Amortization of actuarial gain (176 ) (656 ) (241 ) (1,313 ) Amortization of prior-service credit (613 ) (716 ) (1,227 ) (1,432 ) Net periodic benefit expense (income) $ 7 $ (430 ) $ 266 $ (860 )

Note 7. Share-based Compensat25

Note 7. Share-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Share-based compensation expense [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	Three Months Ended Six Months Ended (Dollars in thousands) 2015 2014 2015 2014 Salaries, wages and employee benefits $ 789 $ 7,646 $ 6,075 $ 10,976 Deferred income tax benefit (302 ) (2,981 ) (2,327 ) (4,280 ) Net share-based compensation expense $ 487 $ 4,665 $ 3,748 $ 6,696

Note 1. Principal Accounting 26

Note 1. Principal Accounting Policies Organization (Details)	6 Months Ended
	Jun. 30, 2015
Organization [Abstract]
Number of operating segments	3

Note 1. Principal Accounting 27

Note 1. Principal Accounting Policies Earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net income	$ 44,035	$ 53,667	$ 65,827	$ 66,560
Weighted average common shares outstanding - Basic	57,419,971	57,128,379	57,526,585	57,043,378
Stock options and nonvested stock	385,383	566,312	486,584	533,995
Weighted average common shares outstanding - Diluted	57,805,354	57,694,691	58,013,169	57,577,373
Diluted EPS	$ 0.76	$ 0.93	$ 1.13	$ 1.16
Anti-dilutive securities excluded from computation of diluted EPS	408,097	499,469	347,574	719,958

Note 1. Principal Accounting 28

Note 1. Principal Accounting Policies New Accounting Standards (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
New Accounting Standards [Abstract]
Debt issuance costs	$ 3.9	$ 4.1

Note 2. Goodwill and Intangib29

Note 2. Goodwill and Intangible Assets Goodwill rollforward (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Line Items]
Goodwill, gross	$ 520,505	$ 520,628	$ 521,020
Accumulated impairment loss	(183,049)	(183,049)	(183,049)
Goodwill, net	337,456	337,579	337,971
Change in foreign currency exchange rates	(123)	(392)
Logistics [Member]
Goodwill [Line Items]
Goodwill, gross	55,180	55,303	55,695
Accumulated impairment loss	(48,236)	(48,236)	(48,236)
Goodwill, net	6,944	7,067	7,459
Change in foreign currency exchange rates	(123)	(392)
Truckload [Member]
Goodwill [Line Items]
Goodwill, gross	464,598	464,598	464,598
Accumulated impairment loss	(134,813)	(134,813)	(134,813)
Goodwill, net	329,785	329,785	329,785
Change in foreign currency exchange rates	0	0
Corporate and Eliminations [Member]
Goodwill [Line Items]
Goodwill, gross	727	727	727
Accumulated impairment loss	0	0	0
Goodwill, net	727	727	$ 727
Change in foreign currency exchange rates	$ 0	$ 0

Note 2. Goodwill and Intangib30

Note 2. Goodwill and Intangible Assets Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Intangible Assets [Abstract]
Amortization of intangible assets	$ 0.6	$ 0.6	$ 1.2	$ 1.2

Note 2. Goodwill and Intangib31

Note 2. Goodwill and Intangible Assets Amortization Expense (Details) $ in Thousands	Jun. 30, 2015USD ($)
Amortization Expense [Abstract]
Remaining six months of 2015	$ 1,178
2,016	2,356
2,017	$ 1,572

Note 3. Segment Reporting Numbe

Note 3. Segment Reporting Number of reporting segments (Details)	6 Months Ended
	Jun. 30, 2015
Number of reporting segments [Abstract]
Number of reporting segments	3

Note 3. Segment Reporting Segme

Note 3. Segment Reporting Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenue from external customers	$ 1,427,314	$ 1,492,349	$ 2,799,745	$ 2,861,192
Revenue from internal customers	58,335	64,667	117,452	123,161
Operating income (loss)	84,006	102,700	135,933	135,762
Freight [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	907,809	927,942	1,754,443	1,764,271
Revenue from internal customers	9,097	12,561	18,075	24,259
Operating income (loss)	69,516	83,021	106,892	101,586
Logistics [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	385,885	413,830	784,064	803,202
Revenue from internal customers	20,051	19,820	38,942	36,813
Operating income (loss)	8,004	6,418	16,620	12,592
Truckload [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	132,070	148,930	257,837	289,527
Revenue from internal customers	10,678	15,134	23,636	30,547
Operating income (loss)	9,313	13,499	16,874	19,879
Corporate and Eliminations [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	1,550	1,647	3,401	4,192
Revenue from internal customers	18,509	17,152	36,799	31,542
Operating income (loss)	$ (2,827)	$ (238)	$ (4,453)	$ 1,705

Note 4. Fair-Value Measuremen34

Note 4. Fair-Value Measurements Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Cash equivalents	$ 369,874	$ 385,548
Marketable securities	8,285	8,285
Fair Value, Inputs, Level 1
Cash equivalents	77,092	63,092
Marketable securities	0	0
Fair Value, Inputs, Level 2
Cash equivalents	292,782	322,456
Marketable securities	8,285	8,285
Fair Value, Inputs, Level 3
Cash equivalents	0	0
Marketable securities	$ 0	$ 0

Note 5. Shareholders' Equity (D

Note 5. Shareholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, beginning	$ (355,532)	$ (268,355)	$ (354,409)	$ (269,531)
Other comprehensive income (loss) before reclassifications	173	(439)	(2,891)	(317)
Other comprehensive income (loss) before reclassifications	173	(439)	(2,891)	(317)
Amounts reclassified from accumulated other comprehensive loss	1,951	992	3,892	2,046
Accumulated other comprehensive income (loss), net of tax, ending	(353,408)	(267,802)	(353,408)	(267,802)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, beginning	(6,219)	(302)	(3,155)	(424)
Other comprehensive income (loss) before reclassifications	173	(439)	(2,891)	(317)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Accumulated other comprehensive income (loss), net of tax, ending	(6,046)	(741)	(6,046)	(741)
Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of tax, beginning	(349,313)	(268,053)	(351,254)	(269,107)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss	1,951	992	3,892	2,046
Accumulated other comprehensive income (loss), net of tax, ending	$ (347,362)	$ (267,061)	$ (347,362)	$ (267,061)

Note 5. Shareholders' Equity Co

Note 5. Shareholders' Equity Common Stock Repurchase Program (Details) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Common Stock Repurchase Program [Abstract]
Stock repurchase program, authorized amount	$ 150
Stock repurchased during period, shares	830,000
Total shares repurchased under share repurchase program authorized June 2014, shares	1,185,000
Remaining authorized repurchase amount	$ 98

Note 6. Employee Benefit Plan37

Note 6. Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Qualified Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost on benefit obligation	$ 18,211	$ 18,767	$ 36,392	$ 37,638
Expected return on plan assets	(21,727)	(23,309)	(43,467)	(46,636)
Amortization of actuarial loss (gain)	3,241	2,375	6,364	4,850
Amortization of prior-service costs (credits)	404	405	809	809
Settlement loss	(22)	0	38	0
Net periodic benefit expense (income)	107	(1,762)	136	(3,339)
Non Qualified Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost on benefit obligation	797	864	1,593	1,726
Amortization of actuarial loss (gain)	305	219	601	438
Amortization of prior-service costs (credits)	1	1	2	2
Net periodic benefit expense (income)	1,103	1,084	2,196	2,166
Postretirement Medical Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	171	271	464	542
Interest cost on benefit obligation	625	671	1,270	1,343
Amortization of actuarial loss (gain)	(176)	(656)	(241)	(1,313)
Amortization of prior-service costs (credits)	(613)	(716)	(1,227)	(1,432)
Net periodic benefit expense (income)	$ 7	$ (430)	$ 266	$ (860)

Note 6. Employee Benefit Plan38

Note 6. Employee Benefit Plans Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Narrative [Abstract]
Estimated employer contributions in current fiscal year			$ 30
Contributions in current fiscal year			15.7
Defined contribution retirement plan cost	$ 14.6	$ 14.1	$ 29	$ 27.7

Note 7. Share-based Compensat39

Note 7. Share-based Compensation Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based compensation expense [Abstract]
Salaries, wages and employee benefits	$ 789	$ 7,646	$ 6,075	$ 10,976
Defined income tax benefit	(302)	(2,981)	(2,327)	(4,280)
Net share-based compensation expense	$ 487	$ 4,665	$ 3,748	$ 6,696

Note 7. Share-based Compensat40

Note 7. Share-based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Share-based compensation expense [Abstract]
Recognized accrued liabilities for cash-settled SARs	$ 1.1	$ 2.2
Weighted-average fair value per SAR	$ 10.76	$ 20.97

Note 8. Income Taxes (Details)

Note 8. Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate	38.40%	40.90%	39.00%	39.50%
Discrete tax benefits (charges)	$ 0.8	$ (0.7)	$ 0.7	$ 0.6