Two carriers warn of mixed 3Q earnings
Palo Alto, CA-based transportation giant CNF and Akron, OH-based LTL carrier Roadway say their operations will be profitable in the third quarter, but that those profits may be reduced or dissipate for a variety of reasons. CNF, which owns regional LTL carrier conglomerate Con-Way, said it expects its third-quarter earnings to be in the range of 45 cents to 50 cents per share. "The improved performance