UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549



                            FORM 8-K

                         CURRENT REPORT

        Pursuant to Section 13 or 15(d) of the Securities
                       Exchange Act of 1934


Date of Report (Date of earliest event reported): August 13, 1998


              CONSOLIDATED FREIGHTWAYS CORPORATION


                  Commission File Number  1-12149


              Incorporated in the State of Delaware
          I.R.S. Employer Identification No. 77-0425334


            175 Linfield Drive, Menlo Park, CA  94025
                 Telephone Number (650) 326-1700



Item 5. Other Events

      On  August  13, 1998, Consolidated Freightways  Corporation
(the  Company)  announced that its Board of Directors  authorized
the  repurchase of up to $25 million of the Company's outstanding
common stock.

      Management is authorized to repurchase shares from time  to
time  in  open  market  transactions or in  privately  negotiated
transactions,  based  on  market  conditions.   The   repurchased
shares will be available for stock compensation plans and general
corporate purposes.  The Company currently has 23,048,754  shares
of common stock outstanding.



                            SIGNATURE


Pursuant  to the requirements of the Securities Exchange  Act  of
1934, the Registrant has duly caused this report to be signed  on
its behalf by the undersigned hereunto duly authorized.

                         Consolidated Freightways Corporation
                         (Registrant)



August 20, 1998          /s/Stephen D. Richards
                         Stephen D. Richards
                         Senior Vice President and General
                         Counsel