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                                                              EXHIBIT 10.20
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                       CONSOLIDATED FREIGHTWAYS, INC.
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                        1995 Director's Election Form
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   Indicate amount of deferral under (A), timing of deferral under (B),
                 or select (C) if no deferral is elected.

     In the event I earn any Consolidated Freightways, Inc. director's fees
in 1995, I hereby elect to defer payment of such fees and any interest
equivalent as follows:

A.   ( )  To defer annual retainer and all meeting fees and chair fees,
          if applicable.

     ( )  To defer the annual retainer portion of such fees.

B.   ( )  To be paid in the year following the year in which I cease to
          be a director of Consolidated Freightways, Inc.

     ( )  To be paid in equal annual installments for _____ year(s) but
          not to exceed five (5) years, commencing in the year following
          the year in which I cease to be a director of Consolidated
          Freightways, Inc.

     ( )  To be paid in the year following _____ year(s) (insert 1 or
          any multiple of years) after the year in which fees are
          deferred (but in no event later than the year following the
          year I cease to be a director of Consolidated Freightways, Inc.).

     ( )  To be paid in equal annual installments for _____ year(s) but
          not to exceed five (5) years, commencing in the year following
          _______ year(s) (insert 1 or any multiple of years) after the
          year in which fees are deferred (but in no event later than
          the year I cease to be a director of Consolidated Freightways,
          Inc.).

     I understand that payment of any amount deferred hereunder will be
made by January 31st of the year in which such payment is to be made.  I
further understand that any amount deferred will be credited with interest
equivalents at the end of each calendar quarter following the date of
deferral and continuing until such deferred amount is paid to me.  Interest
equivalents shall be calculated at the published Bank of America NT & SA
prime rate as of the date credited and shall be paid on prior interest
equivalents credited on amounts deferred.  I also understand that no trust
is created hereby and that in the event of my death, any amounts unpaid
shall be paid to my designated beneficiary in a lump sum.

     I designate as my beneficiary ________________________________________

C.   ( )  I do not elect to defer payments of any fees earned in 1995.


________________________                      ________________________
Date of this Election                         Signature of Director