John G. Labrie Named President of Con-way Freight

SAN MATEO, Calif., July 27 /PRNewswire-FirstCall/ -- Con-way Inc. today announced that it has named John G. Labrie to the position of president, Con-way Freight. Labrie was previously senior vice president of strategy and enterprise operations for the company, a $4.2 billion leader in freight transportation and global logistics based in San Mateo, Calif.

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In his new role, Labrie will lead less-than-truckload (LTL) carrier, Con-way Freight, the largest of Con-way Inc.'s three operating companies with annual revenues of over $3 billion. Labrie will spearhead strategic initiatives aimed at growth, expansion and optimizing operations to provide differentiated services and an improved value proposition to Con-way Freight's customers.

"John Labrie has been an exemplary leader throughout his 17-year history with Con-way. His strategic, focused and change-oriented leadership style makes him the ideal executive to leverage our competitive advantages and vigorously take on the marketplace in 2007 and beyond," said Douglas W. Stotlar, CEO, Con-way Inc.

Previously, Labrie held the role of senior vice president of strategy and enterprise operations for Con-way Inc., and before that he had served as executive vice president of operations for Con-way Transportation Services (now Con-way Freight) since January 2005. From 2002 to 2005, he served as president and chief executive officer of Con-way Western Express, one of Con- way Transportation Services' three regional less-than-truckload trucking companies.

From 1998 to 2002, he served as vice president of operations for Con-way Western Express with oversight responsibility for the day-to-day operations of its 83 service centers and line-haul operations. Before that, he was director of strategic planning for Con-way Transportation Services where he acted as an internal consultant to the parent company's Priority Mail operations and Con- way Western Express' line-haul operations.

Labrie joined the organization through Con-way Transportation Services' Business Development Center in 1990 as an account manager from Roadway Express where he served as an operations supervisor. In 1991 he was promoted to account executive. He continued to advance through several increasingly responsible positions and was promoted to director of line-haul operations for Con-way Central Express in 1995.

"Now more than ever, Con-way Freight is positioned for the future in a market that demands vision, growth and operational excellence," said John Labrie, president of Con-way Freight. "I am confident that with our hard- working employees and commitment to superior customer service we will reposition the Con-way Freight organization to compete in the evolving market. I am proud to lead the organization and guide it to future success."

A native of Mt. Pleasant, Mich., he studied abroad at Cambridge University prior to earning a bachelor's degree in finance from Central Michigan University in Mt. Pleasant. He also holds an MBA from Indiana Wesleyan University in Marion, Ind. Labrie will be based at Con-way Freight's headquarters in Ann Arbor, Mich.

About Con-way Inc.

Con-way Inc. is a $4.2 billion freight transportation and global logistics services company headquartered in San Mateo, Calif. Named FORTUNE magazine's "Most Admired Company" in transportation and logistics for 2007, Con-way delivers industry-leading services through three primary operating companies: Con-way Freight, Con-way Truckload Services and Menlo Worldwide. These operating units provide high-performance, day-definite less- than-truckload (LTL) and full truckload and intermodal freight transportation, as well as logistics, warehousing and supply chain management services, and trailer manufacturing. Con-way Inc. and its subsidiaries operate from more than 500 locations across North America and in 20 countries. For more information about Con-way, visit http://www.con-way.com/.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release constitute "forward-looking statements" and are subject to a number of risks and uncertainties and should not be relied upon as predictions of future events. All statements other than statements of historical fact are forward-looking statements, including any projections and objectives of management for future operations, any statements concerning proposed new products or services, any statements regarding Con- way's estimated future contributions to pension plans, any statements as to the adequacy of reserves, any statements regarding the outcome of any claims that may be brought against Con-way, any statements regarding future economic conditions or performance, any statements of estimates or belief, any statements regarding the proposed acquisition of CFI and proposed related financing, and any statements or assumptions underlying the foregoing. Specific factors that could cause actual results and other matters to differ materially from those discussed in such forward-looking statements include: changes in general business and economic conditions, the creditworthiness of Con-way's customers and their ability to pay for services rendered, increasing competition and pricing pressure, changes in fuel prices or fuel surcharges, the effects of the cessation of the air carrier operations of Emery Worldwide Airlines, the possibility that Con-way may, from time to time, be required to record impairment charges for long-lived assets, the proposed acquisition of CFI and proposed related financing (including without limitation the possibility that such acquisition may not be consummated due to failure of regulatory approval or other closing conditions to be satisfied, risks relating to the financing, integration risks and risks that acquisition synergies are not realized), the possibility of defaults under Con-way's $400 million credit agreement and other debt instruments (including without limitation defaults resulting from unusual charges), and the possibility that Con-way may be required to repay certain indebtedness in the event that the ratings assigned to its long-term senior debt by credit rating agencies are reduced, labor matters, enforcement of and changes in governmental regulations, environmental and tax matters, matters relating to the 1996 spin- off of Consolidated Freightways Corporation ("CFC"), including the possibility that CFC's multi-employer pension plans may assert claims against Con-way, matters relating to the sale of Menlo Worldwide Forwarding, Inc., including Con-way's obligation to indemnify the buyer for certain losses in connection with the sale, and matters relating to Con-way's defined benefit pension plans. The factors included herein and in Item 7 of Con-way's 2006 Annual Report on Form 10-K as well as other filings with the Securities and Exchange Commission could cause actual results and other matters to differ materially from those in such forward-looking statements. As a result, no assurance can be given as to future financial condition, cash flows, or results of operations.