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Con-Way's CEO Discusses Q4 2011 - Earnings Call Transcript

Before we get into the call, I would like to offer a few reminders. First, certain statements in this conference, including statements regarding anticipated results of operations and financial condition, constitute forward-looking statements and are subject to a number of risks and uncertainties and should not necessarily be relied upon as predictions of future events. Actual results of operations and financial condition might differ materially from those projected in such forward-looking statements, and no assurance can be given as to future results of operation and financial condition. Additional information concerning factors that could cause actual results and other matters to differ materially from those in the forward-looking statements and the inherent limitations of such forward-looking statements is contained in our Forms 10-K and 10-Q and other filings with the SEC.

Second, today’s prepared remarks contain non-GAAP financial measures. Reconciliations of GAAP to non-GAAP financial measures are found within the financial tables of our earnings release, which is available on our website at con-way.com. Our financial and operating statistics are also available on our website in the Investors section.

I’d also like to note that we have a lot of people on the call today, so we’d appreciate it if you’d limit yourself to a couple questions and then return to the queue.

Now without further ado, I am pleased to turn it over to Doug Stotlar.

Douglas Stotlar

Good morning. On the call today, I’m joined by members of our senior leadership team, including Con-Way’s CFO, Steve Bruffett; Con-Way Freight President, Greg Lehmkuhl; Menlo Logistics President, Bob Bianco; and Con-Way Truckload President, Herb Schmidt. Steve will provide some commentary on our financial picture, and Greg, Bob and Herb will participate in the Q&A portion of the call.

The fourth quarter results capped a year of improvement driven by operating discipline in all of Con-Way’s core businesses. Our employees are executing well against a consistent strategy which is delivering results as we continue to focus on our fundamentals of safety, service, and margin expansion.

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