Exhibit 99

             Consolidated Freightways Becomes
               Independent, Public Company

Menlo Park, Ca. - December 3, 1996 -- Shares in the newly
independent Consolidated Freightways Corporation (NASDAQ:
CFWY) began trading today.  This marks the completion of
the spin-off of CF MotorFreight, Canadian Freightways Ltd.,
Milne & Craighead, Canadian Sufferance Warehouses and Epic
Express from their former parent company, Consolidated
Freightways, Inc.
          The new company, formerly CF MotorFreight, will
be known within the industry as Consolidated Freightways
(CF).  Its former parent company will be known as CNF
Transportation, Inc.  CF has annualized combined revenues
of approximately $2.1 billion, operates widely across North
America and offers freight transportation services
throughout the world.  The company's primary business is
less-than-truckload (LTL) transportation of freight from
300 to 15,000 pounds covering distances of 500 to 3,000
miles.
          President and chief executive officer W. Roger
Curry said, "The new independent Consolidated Freightways
is perfectly poised to lead the LTL industry into the 21st
century.  We begin virtually debt-free and better capi
talized than most of our competition.  Most importantly,
we're a 67-year-old company with the best franchise and the
best name in the business, a loyal, diverse customer base
and an employee team second to none."
          Consolidated Freightways was founded in 1929 in
Portland, Oregon as Consolidated Truck Lines.  1936 saw the
beginning of CF's transcontinental service from its new
office in Chicago.  By 1960 CF was the largest trucking
company in the U.S. and by 1979 provided service to 47
states and five Canadian provinces.
          Today Consolidated Freightways operates a network
of service centers in all 50 states, eight Canadian
provinces, Mexico and Puerto Rico, and offers freight
transportation services throughout Europe, Asia, the
Caribbean, Latin America and the Middle East.