Exhibit 99.1




               Consolidated Freightways Names
            Respected Business Turnaround Manager
           John Brincko as Chief Executive Officer



     VANCOUVER, Wash., May 28, 2002 - Consolidated
Freightways Corporation (CF) announced today that, to ensure
the successful completion of its strategic restructuring, it
has engaged a proven turnaround professional to lead the
company. The Board of Directors has elected John P. Brincko,
a respected business turnaround specialist, as the company's
new president and chief executive officer.
     The Board has been reviewing the company's
restructuring progress on an ongoing basis, with attention
to improved customer services, operational efficiency,
revenue enhancement and greater financial flexibility.  The
Board and Patrick Blake, who has been president and CEO for
the past two years, have determined that CF's restructuring
has reached the point at which the company requires an
experienced business turnaround professional to carry the
process forward to successful completion. As Mr. Brincko
begins the next phase of CF's restructuring, Mr. Blake has
elected to retire from the company and the Board.
     Mr. Brincko brings to CF a long and successful history
in managing turnaround situations, including Sun World
International, Inc., Barney's New York, Mossimo, Inc., Globe
Security and Stroud's. With over 30 years of executive,
financial and operational management experience, he has
served as president and chief executive officer of many
businesses, in numerous restructuring situations.
     Among the companies for which he has served as
president and chief executive officer are Knudsen Foods,
Inc., Foremost Dairies and CalComp Technology, Inc., a
publicly traded subsidiary of Lockheed Martin. Mr. Brincko
owns and manages Brincko Associates, Inc., an international
management-consulting firm he founded in 1979.
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     Chairman of the Board William Walsh commented:
"Consolidated Freightways has progressed in its
restructuring efforts to a point where the company will be
well served by the turnaround experience which John Brincko
will provide the company.  Pat Blake developed the
foundation of our restructuring agenda, particularly in the
areas of operations and financing. John Brincko will now
apply his special skills to bring the restructuring to a
successful conclusion and to position CF as a strong
competitor. John has an impressive track record of helping
large companies complete successful business turnarounds and
return to profitability.  That is our goal.
     "The Board of Directors thanks Pat Blake for 33 years
of outstanding, dedicated service to this company and for
providing CF with the foundation to continue the
restructuring," Walsh said.
     Consolidated Freightways Corporation (Nasdaq:  CFWY) is
a $2.2 billion company comprised of national less-than-
truckload (LTL) carrier Consolidated Freightways, third
party logistics provider Redwood Systems, Canadian
Freightways LTD, Grupo Consolidated Freightways in Mexico
and CF AirFreight, an air freight forwarder.
     Consolidated Freightways is a transportation company
primarily providing LTL freight transportation throughout
North America using its system of 300 terminals and over
18,000 employees.