EXHIBIT 99

CON-WAY INC.
2855 CAMPUS DRIVE, SUITE 300
SAN MATEO, CA 94403
(650) 378-5200
                                                                NEWS RELEASE


                                                                    Contacts:

                                                Media - Gary Frantz
                                                               (650) 378-5335

                                                Investors - Patrick Fossenier
                                                               (650) 378-5353




FOR IMMEDIATE RELEASE




               CON-WAY REPURCHASES 3.75 MILLION COMMON SHARES


 Transactions executed under recently expanded $400 million share repurchase
                                    plan


SAN MATEO, Calif. - May 22, 2006 - Con-way Inc. (NYSE:CNW) announced today

the buyback of 3.75 million shares of common stock, representing 7.2 percent

of the Company's total shares outstanding, in private transactions valued at

approximately $221 million.  Con-way acquired the shares under its previously

announced $400 million share repurchase program, which was authorized by the

company's Board last month.



"We believe our shares represent an attractive investment opportunity," said

Douglas W. Stotlar, Con-way president and CEO. "These share repurchases are

consistent with our objective of returning value directly to shareholders.

Our strong balance sheet and cash position provides us with the resources and

flexibility to execute on this shareholder value plan while implementing our

long-term growth strategies."



The company expects to utilize the balance of the share repurchase

authorization, which is effective through June 2007, to acquire additional

shares in the open market. The company also may consider other privately

negotiated transactions from time to time as opportunities present themselves

and are considered appropriate by management.



Share acquisitions under the repurchase program are expected to be made

entirely through internally available funds.



As a result of the share repurchases, the company is advising the investment

community to use 53.2 million as the average number of diluted common shares

outstanding for the second quarter of 2006.



Con-way (NYSE: CNW), is a $4.2 billion freight transportation, logistics,

supply chain management and trailer manufacturing company. Further

information about Con-way and its services, and additional press releases are

available via the Internet at www.con-way.com