| CON-WAY INC.                  |
|-------------------------------|
| FORM 10-Q                     |
| Quarter Ended March 31, 2010  |
|                          |   |   |   |   |   |
|                          |   |   |   |   |   |
| Table of Contents             |
|                          |   |   |   |   |   |
|                          |   |   |   |   | Page |
| PART I. FINANCIAL INFORMATION |   |
|                          |   |   |   |   |   |
|                          | Item 1. | Financial Statements |   |
|                          |   |   |   |   |   |
|                          |   |   | Consolidated Balance Sheets - |   |
|                          |   |   |   | March 31, 2010 and December 31, 2009 | 3 |
|                          |   |   |   |   |   |
|                          |   |   | Statements of Consolidated Operations - |   |
|                          |   |   |   | Three Months Ended March 31, 2010 and 2009 | 5 |
|                          |   |   |   |   |   |
|                          |   |   | Statements of Consolidated Cash Flows - |   |
|                          |   |   |   | Three Months Ended March 31, 2010 and 2009 | 6 |
|                          |   |   |   |   |   |
|                          |   |   | Notes to Consolidated Financial Statements | 7 |
|                          |   |   |   |   |   |
|                          | Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 18 |
|                          |   |   |   |   |   |
|                          | Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 30 |
|                          |   |   |   |   |   |
|                          | Item 4. | Controls and Procedures | 32 |
|                          |   |   |   |   |   |
| PART II. OTHER INFORMATION    |   |
|                          |   |   |   |   |   |
|                          | Item 1. | Legal Proceedings | 33 |
|                          |   |   |   |   |   |
|                          | Item 1A. | Risk Factors | 33 |
|                          |   |   |   |   |   |
|                          | Item 6. | Exhibits | 34 |
|                          |   |   |   |   |   |
|                          | Signatures | 35 |
|                          |   |   |   |   |   |
|                          |   |   |   |   |   |
|                          |   |   |   |   |   |

| PART I. FINANCIAL INFORMATION                                    |   |
|------------------------------------------------------------------|--------|
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
| ITEM 1.  FINANCIAL STATEMENTS                          |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
| CON-WAY INC.                                                     |   |
| CONSOLIDATED BALANCE SHEETS                                      |   |
| (Dollars in thousands)                                           |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   | March 31, |   |   | December 31, |   |
| ASSETS                                                           |   | 2010 |   |   | 2009 |   |
|                                                             |   | (Unaudited) |   |   |   |   |
| Current Assets                                                   |   |   |   |   |   |   |
|   Cash and cash equivalents                                 |   | $ | 461,393 |   |   | $ | 476,575 |    |
|   Marketable securities                                     |   |   | 22,260 |   |   |   | - |   |
|   Trade accounts receivable, net                            |   |   | 591,313 |   |   |   | 494,075 |   |
|   Other accounts receivable                                 |   |   | 36,105 |   |   |   | 32,489 |   |
|   Operating supplies, at lower of average cost or market    |   |   | 19,925 |   |   |   | 18,290 |   |
| Prepaid expenses                                                 |   |   | 59,392 |   |   |   | 42,803 |   |
|   Deferred income taxes                                     |   |   | 12,335 |   |   |   | 12,662 |   |
|                                                             |   |   | 1,202,723 |   |   |   | 1,076,894 |   |
|                                                             |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
| Property, Plant and Equipment                                    |   |   |   |   |   |   |   |   |
| Land                                                             |   |   | 194,878 |   |   |   | 194,963 |   |
|   Buildings and leasehold improvements                      |   |   | 809,208 |   |   |   | 809,460 |   |
|   Revenue equipment                                         |   |   | 1,368,917 |   |   |   | 1,373,148 |   |
|   Other equipment                                           |   |   | 288,332 |   |   |   | 286,629 |   |
|                                                             |   |   | 2,661,335 |   |   |   | 2,664,200 |   |
|   Accumulated depreciation                                  |   |   | (1,313,917 | ) |   |   | (1,288,927 | ) |
|                                                             |   |   | 1,347,418 |   |   |   | 1,375,273 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Other Assets                                                     |   |   |   |   |   |   |   |   |
|   Deferred charges and other assets                         |   |   | 39,464 |   |   |   | 38,524 |   |
|   Capitalized software, net                                 |   |   | 19,845 |   |   |   | 22,051 |   |
|   Marketable securities                                     |   |   | 6,587 |   |   |   | 6,691 |   |
|   Intangible assets, net                                    |   |   | 19,482 |   |   |   | 23,126 |   |
|   Goodwill                                                  |   |   | 353,593 |   |   |   | 353,658 |   |
|                                                             |   |   | 438,971 |   |   |   | 444,050 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Total Assets                                                     |   | $ | 2,989,112 |   |   | $ | 2,896,217 |   |
|                                                             |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these statements. |   |

| CON-WAY INC.                                                     |   |
|------------------------------------------------------------------|--------|
| CONSOLIDATED BALANCE SHEETS                                      |   |
| (Dollars in thousands except per share amounts)                  |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   | March 31, |   |   | December 31, |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                             |   | 2010 |   |   | 2009 |   |
|                                                             |   | (Unaudited) |   |   |   |   |
| Current Liabilities                                              |   |   |   |   |   |   |
| Accounts payable                                                 |   | $ | 323,184 |   |   | $ | 272,285 |   |
| Accrued liabilities                                              |   |   | 236,922 |   |   |   | 210,316 |   |
| Self-insurance accruals                                          |   |   | 93,806 |   |   |   | 87,742 |   |
| Short-term borrowings                                            |   |   | 14,905 |   |   |   | 10,325 |   |
| Current maturities of long-term debt and capital leases          |   |   | 209,313 |   |   |   | 210,816 |   |
| Total Current Liabilities                                        |   |   | 878,130 |   |   |   | 791,484 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Long-Term Liabilities                                            |   |   |   |   |   |   |   |   |
| Long-term debt                                                   |   |   | 719,529 |   |   |   | 719,501 |   |
| Long-term obligations under capital leases                       |   |   | 39,059 |   |   |   | 41,288 |   |
| Self-insurance accruals                                          |   |   | 162,849 |   |   |   | 156,939 |   |
| Employee benefits                                                |   |   | 435,516 |   |   |   | 439,899 |   |
| Other liabilities and deferred credits                           |   |   | 42,898 |   |   |   | 44,516 |   |
| Deferred income taxes                                            |   |   | 18,339 |   |   |   | 15,861 |   |
| Total Liabilities                                                |   |   | 2,296,320 |   |   |   | 2,209,488 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Commitments and Contingencies (Note 10)                          |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
| Shareholders' Equity                                             |   |   |   |   |   |   |   |   |
| Common stock, $0.625 par value; authorized 100,000,000 shares;   |   |   |   |   |   |   |   |   |
| issued 62,560,739 and 62,512,456 shares, respectively            |   |   | 39,016 |   |   |   | 38,971 |   |
| Additional paid-in capital, common stock                         |   |   | 569,542 |   |   |   | 567,584 |   |
| Retained earnings                                                |   |   | 881,931 |   |   |   | 890,915 |   |
| Cost of repurchased common stock                                 |   |   |   |   |   |   |   |   |
| (13,042,669 and 13,287,693 shares, respectively)                 |   |   | (564,683 | ) |   |   | (575,219 | ) |
| Total Common Shareholders' Equity                                |   |   | 925,806 |   |   |   | 922,251 |   |
| Accumulated Other Comprehensive Loss                             |   |   | (233,014 | ) |   |   | (235,522 | ) |
| Total Shareholders' Equity                                       |   |   | 692,792 |   |   |   | 686,729 |   |
| Total Liabilities and Shareholders' Equity                       |   | $ | 2,989,112 |   |   | $ | 2,896,217 |   |
|                                                             |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these statements. |   |

| CON-WAY INC.                                                     |   |
|------------------------------------------------------------------|--------|
| STATEMENTS OF CONSOLIDATED OPERATIONS                            |   |
| (Unaudited)                                                      |   |
| (Dollars in thousands except per share amounts)                  |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   | Three Months Ended |   |
|                                                             |   | March 31, |   |
|                                                             |   | 2010 |   |   | 2009 |   |
|                                                             |   |   |   |   |   |   |
| Revenues                                                         |   | $ | 1,161,911 |   |   | $ | 962,932 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Costs and Expenses                                               |   |   |   |   |   |   |   |   |
| Salaries, wages and other employee benefits                      |   |   | 502,727 |   |   |   | 472,369 |   |
| Purchased transportation                                         |   |   | 277,641 |   |   |   | 213,541 |   |
| Other operating expenses                                         |   |   | 114,500 |   |   |   | 98,589 |   |
| Fuel and fuel-related taxes                                      |   |   | 114,349 |   |   |   | 73,812 |   |
| Depreciation and amortization                                    |   |   | 45,026 |   |   |   | 50,104 |   |
| Maintenance                                                      |   |   | 37,468 |   |   |   | 31,148 |   |
| Rents and leases                                                 |   |   | 28,732 |   |   |   | 23,496 |   |
| Purchased labor                                                  |   |   | 24,301 |   |   |   | 15,372 |   |
| Loss from impairment of goodwill and intangible assets           |   |   | 2,767 |   |   |   | 134,813 |   |
|                                                             |   |   | 1,147,511 |   |   |   | 1,113,244 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Operating Income (Loss)                                          |   |   | 14,400 |   |   |   | (150,312 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Other Income (Expense)                                           |   |   |   |   |   |   |   |   |
| Investment income                                                |   |   | 382 |   |   |   | 783 |   |
| Interest expense                                                 |   |   | (16,400 | ) |   |   | (15,619 | ) |
| Miscellaneous, net                                               |   |   | (1,296 | ) |   |   | (677 | ) |
|                                                             |   |   | (17,314 | ) |   |   | (15,513 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Loss before Income Tax Provision (Benefit)                       |   |   | (2,914 | ) |   |   | (165,825 | ) |
| Income Tax Provision (Benefit)                                   |   |   | 1,123 |   |   |   | (13,476 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Net Loss                                                         |   |   | (4,037 | ) |   |   | (152,349 | ) |
| Preferred Stock Dividends                                        |   |   | - |   |   |   | 1,617 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Net Loss Applicable to Common Shareholders                       |   | $ | (4,037 | ) |   | $ | (153,966 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Weighted-Average Common Shares Outstanding                       |   |   |   |   |   |   |   |   |
| Basic                                                            |   |   | 49,335,702 |   |   |   | 45,962,858 |   |
| Diluted                                                          |   |   | 49,335,702 |   |   |   | 45,962,858 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Loss per Common Share                                            |   |   |   |   |   |   |   |   |
| Basic                                                            |   |   |   |   |   |   |   |   |
|   Net Loss Applicable to Common Shareholders           |   | $ | (0.08 | ) |   | $ | (3.35 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Diluted                                                          |   |   |   |   |   |   |   |   |
|   Net Loss Applicable to Common Shareholders           |   | $ | (0.08 | ) |   | $ | (3.35 | ) |
|                                                             |   |   |   |   |   |   |   |   |
|                                                             |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these statements. |   |

| CON-WAY INC.                                                     |   |
|------------------------------------------------------------------|--------|
| STATEMENTS OF CONSOLIDATED CASH FLOWS                            |   |
| (Unaudited)                                                      |   |
| (Dollars in thousands)                                           |   |
|                                                             |   |   |   |   |   |   |
|                                                             |   | Three Months Ended |   |
|                                                             |   | March 31, |   |
|                                                             |   | 2010 |   |   | 2009 |   |
|                                                             |   |   |   |   |   |   |
| Cash and Cash Equivalents, Beginning of Period                   |   | $ | 476,575 |   |   | $ | 278,253 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Operating Activities                                             |   |   |   |   |   |   |   |   |
| Net Loss                                                         |   |   | (4,037 | ) |   |   | (152,349 | ) |
| Adjustments to reconcile net loss to net cash provided           |   |   |   |   |   |   |   |   |
| by operating activities:                                         |   |   |   |   |   |   |   |   |
| Depreciation and amortization, net of accretion                  |   |   | 43,216 |   |   |   | 48,401 |   |
| Non-cash compensation and employee benefits                      |   |   | 5,613 |   |   |   | 20,212 |   |
| Increase (decrease) in deferred income taxes                     |   |   | 4,286 |   |   |   | (1,358 | ) |
| Provision for uncollectible accounts                             |   |   | 1,244 |   |   |   | 1,346 |   |
| Loss from impairment of goodwill and intangible assets           |   |   | 2,767 |   |   |   | 134,813 |   |
| Loss from sales of property and equipment, net                   |   |   | 654 |   |   |   | 162 |   |
| Changes in assets and liabilities:                               |   |   |   |   |   |   |   |   |
| Receivables                                                      |   |   | (102,532 | ) |   |   | 37,642 |   |
| Prepaid expenses                                                 |   |   | (16,589 | ) |   |   | (13,793 | ) |
| Accounts payable                                                 |   |   | 50,899 |   |   |   | 2,036 |   |
| Accrued variable compensation                                    |   |   | (9,621 | ) |   |   | (10,767 | ) |
| Accrued liabilities, excluding accrued variable compensation     |   |   |   |   |   |   |   |   |
|      and employee benefits              |   |   | 36,399 |   |   |   | 34,482 |   |
| Self-insurance accruals                                          |   |   | 11,974 |   |   |   | (4,534 | ) |
| Accrued income taxes                                             |   |   | (1,476 | ) |   |   | 4,282 |   |
| Employee benefits                                                |   |   | 4,165 |   |   |   | (2,502 | ) |
| Deferred charges and credits                                     |   |   | (1,303 | ) |   |   | 477 |   |
| Other                                                            |   |   | (1,809 | ) |   |   | 1,538 |   |
| Net Cash Provided by Operating Activities                        |   |   | 23,850 |   |   |   | 100,088 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Investing Activities                                             |   |   |   |   |   |   |   |   |
| Capital expenditures                                             |   |   | (16,132 | ) |   |   | (23,200 | ) |
| Software expenditures                                            |   |   | (1,115 | ) |   |   | (2,355 | ) |
| Proceeds from sales of property and equipment                    |   |   | 1,691 |   |   |   | 3,795 |   |
| Purchases of marketable securities                               |   |   | (32,260 | ) |   |   | (7,915 | ) |
| Proceeds from sales of marketable securities                     |   |   | 10,200 |   |   |   | 7,917 |   |
| Net Cash Used in Investing Activities                            |   |   | (37,616 | ) |   |   | (21,758 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Financing Activities                                             |   |   |   |   |   |   |   |   |
| Repayment of long-term debt, guarantees and capital leases       |   |   | (2,148 | ) |   |   | (22,700 | ) |
| Net proceeds from (repayments of) short-term borrowings          |   |   | 4,579 |   |   |   | (436 | ) |
| Proceeds from exercise of stock options                          |   |   | 1,004 |   |   |   | - |   |
| Excess tax benefit from stock-option exercises                   |   |   | 96 |   |   |   | - |   |
| Payments of common dividends                                     |   |   | (4,947 | ) |   |   | (4,617 | ) |
| Payments of preferred dividends                                  |   |   | - |   |   |   | (3,507 | ) |
| Net Cash Used in Financing Activities                            |   |   | (1,416 | ) |   |   | (31,260 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Net Cash Provided by (Used in) Continuing Operations             |   |   | (15,182 | ) |   |   | 47,070 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Discontinued Operations                                          |   |   |   |   |   |   |   |   |
| Net Cash Used in Operating Activities                            |   |   | - |   |   |   | (103 | ) |
| Net Cash Used in Discontinued Operations                         |   |   | - |   |   |   | (103 | ) |
|                                                             |   |   |   |   |   |   |   |   |
| Increase (Decrease) in Cash and Cash Equivalents                 |   |   | (15,182 | ) |   |   | 46,967 |   |
| Cash and Cash Equivalents, End of Period                         |   | $ | 461,393 |   |   | $ | 325,220 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Supplemental Disclosure                                          |   |   |   |   |   |   |   |   |
| Cash paid (refunded) for income taxes, net                       |   | $ | 1,123 |   |   | $ | (15,128 | ) |
| Cash paid for interest, net of amounts capitalized               |   | $ | 15,497 |   |   | $ | 15,815 |   |
|                                                             |   |   |   |   |   |   |   |   |
| Non-cash Investing and Financing Activities                      |   |   |   |   |   |   |   |   |
| Repurchased common stock issued under defined contribution plan  |   | $ | 8,769 |   |   | $ | 7,371 |   |
|                                                             |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these statements. |   |

| (Dollars in thousands)                    |   | Logistics |    |   | Truckload |   |     | Other  |   |   | Total  |   |
|-------------------------------------------|--------|-----------|---------|--------|-----------|--------|----------|--------|--------|--------|--------|--------|
|                                      |   |      |    |   |      |   |     |   |   |   |   |   |
| Balances at December 31, 2008             |   |      |    |   |      |   |     |   |   |   |   |   |
| Goodwill                                  |   | $         | 54,453  |   |      | $      | 464,598  |   |   | $      | 727    |   |   | $ | 519,778 |   |
| Accumulated impairment losses             |   |      | (31,822 | )      |      |   | --       |   |   |   | --     |   |   |   | (31,822 | ) |
|                                      |   |      | 22,631  |   |      |   | 464,598  |   |   |   | 727    |   |   |   | 487,956 |   |
| Impairment charge                         |   |      | --      |   |      |   | (134,813 | )      |   |   | --     |   |   |   | (134,813 | ) |
| Change in foreign-currency exchange rates |   |      | 515     |   |      |   | --       |   |   |   | --     |   |   |   | 515 |   |
| Balances at December 31, 2009             |   |      |    |   |      |   |     |   |   |   |   |   |   |   |   |   |
| Goodwill                                  |   |      | 54,968  |   |      |   | 464,598  |   |   |   | 727    |   |   |   | 520,293 |   |
| Accumulated impairment losses             |   |      | (31,822 | )      |      |   | (134,813 | )      |   |   | --     |   |   |   | (166,635 | ) |
|                                      |   |      | 23,146  |   |      |   | 329,785  |   |   |   | 727    |   |   |   | 353,658 |   |
| Change in foreign-currency exchange rates |   |      | (65     | )      |      |   | --       |   |   |   | --     |   |   |   | (65 | ) |
| Balances at March 31, 2010                |   |      |    |   |      |   |     |   |   |   |   |   |   |   |   |   |
| Goodwill                                  |   |      | 54,903  |   |      |   | 464,598  |   |   |   | 727    |   |   |   | 520,228 |   |
| Accumulated impairment losses             |   |      | (31,822 | )      |      |   | (134,813 | )      |   |   | --     |   |   |   | (166,635 | ) |
|                                      |   | $         | 23,081  |   |      | $      | 329,785  |   |   | $      | 727    |   |   | $ | 353,593 |   |

|                   |   | March 31, 2010        |   |   | December 31, 2009        |   |
|------------------------|--------|-----------------------|--------|--------|--------------------------|--------|
| (Dollars in thousands) |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |
|                   |   |                  |   |   |                     |   |   |   |   |   |   |   |
| Customer relationships |   | $                     | 27,236 |   |                     | $      | 7,754 |   |   | $ | 31,472 |   |   | $ | 8,346 |   |

| (Dollars in thousands)        |   |   |   |
|-------------------------------|--------|--------|--------|
|                          |   |   |   |
| Year ending December 31:      |   |   |   |
| Remaining nine months of 2010 |   | $      | 2,300  |   |
| 2011                          |   |   | 3,100  |   |
| 2012                          |   |   | 2,700  |   |
| 2013                          |   |   | 2,400  |   |
| 2014                          |   |   | 2,400  |   |
| 2015                          |   |   | 2,400  |   |

| (Dollars in thousands)           |   | Employee-Separation Costs |   |
|----------------------------------|--------|---------------------------|--------|
| Balance at December 31, 2009     |   | $                         | 3,360  |   |
| 2010 charges                     |   |                      | 779    |   |
| Cash payments                    |   |                      | (104   | ) |
| Balance at March 31, 2010        |   | $                         | 4,035  |   |
|                             |   |                      |   |   |
| Total expense recognized to date |   | $                         | 4,139  |   |
| Expected remaining expenses      |   |                      | 1,394  |   |

| (Dollars in thousands)           |   | Employee-Separation Costs |   |   | Facility and Lease- Termination Costs |   |   | Asset-Impairment Charges |   |   | Other  |   |   | Total  |   |
|----------------------------------|--------|---------------------------|--------|--------|---------------------------------------|--------|--------|--------------------------|--------|--------|--------|--------|--------|--------|--------|
| Balance at December 31, 2009     |   | $                         | --     |   |                                  | $      | 2,108  |                     |   | $      | --     |   |   | $      | --     |   |   | $ | 2,108 |   |
| Cash payments                    |   |                      | --     |   |                                  |   | (284   | )                        |   |   | --     |   |   |   | --     |   |   |   | (284 | ) |
| Balance at March 31, 2010        |   | $                         | --     |   |                                  | $      | 1,824  |                     |   | $      | --     |   |   | $      | --     |   |   | $ | 1,824 |   |
|                             |   |                      |   |   |                                  |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Total expense recognized to date |   | $                         | 7,119  |   |                                  | $      | 4,336  |                     |   | $      | 2,401  |   |   | $      | 2,786  |   |   | $ | 16,642 |   |

| (Dollars in thousands)           |   | Employee-Separation Costs |   |   | Facility and Lease- Termination Costs |   |   | Asset-Impairment Charges |   |   | Total  |   |
|----------------------------------|--------|---------------------------|--------|--------|---------------------------------------|--------|--------|--------------------------|--------|--------|--------|--------|
| Balance at December 31, 2009     |   | $                         | --     |   |                                  | $      | 2,448  |                     |   | $      | --     |   |   | $ | 2,448 |   |
| Cash payments                    |   |                      | --     |   |                                  |   | (118   | )                        |   |   | --     |   |   |   | (118 | ) |
| Balance at March 31, 2010        |   | $                         | --     |   |                                  | $      | 2,330  |                     |   | $      | --     |   |   | $ | 2,330 |   |
|                             |   |                      |   |   |                                  |   |   |                     |   |   |   |   |   |   |   |   |
| Total expense recognized to date |   | $                         | 5,968  |   |                                  | $      | 5,781  |                     |   | $      | 1,656  |   |   | $ | 13,405 |   |

|   | · | Freight. The Freight segment consists of the operating results of the Con-way Freight business unit, which provides regional, inter-regional and transcontinental less-than-truckload freight services throughout North America. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Logistics. The Logistics segment consists of the operating results of the Menlo Worldwide Logistics business unit, which develops contract-logistics solutions, including the management of complex distribution networks and supply-chain engineering and consulting, and also provides multimodal freight brokerage services. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Truckload. The Truckload segment consists of the operating results of the Con-way Truckload business unit. Con-way Truckload provides asset-based full-truckload freight services throughout North America. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Other. The Other reporting segment consists of the operating results of Road Systems, a trailer manufacturer, and certain corporate activities for which the related income or expense has not been allocated to other reporting segments. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (Dollars in thousands)                     |   | Three Months EndedMarch 31, |      |
|--------------------------------------------|--------|-----------------------------|-----------|
|                                       |   | 2010                        |      |   | 2009 |   |
| Revenues before Inter-segment Eliminations |   |                        |      |   |   |   |
| Freight                                    |   | $                           | 725,003   |   |   | $ | 573,815 |   |
| Logistics                                  |   |                        | 355,183   |   |   |   | 316,477 |   |
| Truckload                                  |   |                        | 140,616   |   |   |   | 134,783 |   |
| Other                                      |   |                        | 11,839    |   |   |   | 5,989 |   |
| Inter-segment Revenue Eliminations         |   |                        | (70,730   | ) |   |   | (68,132 | ) |
|                                       |   | $                           | 1,161,911 |   |   | $ | 962,932 |   |
|                                       |   |                        |      |   |   |   |   |   |
| Inter-segment Revenue Eliminations         |   |                        |      |   |   |   |   |   |
| Freight                                    |   | $                           | 12,448    |   |   | $ | 14,082 |   |
| Logistics                                  |   |                        | 3,170     |   |   |   | -- |   |
| Truckload                                  |   |                        | 44,110    |   |   |   | 48,741 |   |
| Other                                      |   |                        | 11,002    |   |   |   | 5,309 |   |
|                                       |   | $                           | 70,730    |   |   | $ | 68,132 |   |
|                                       |   |                        |      |   |   |   |   |   |
| Revenues from External Customers           |   |                        |      |   |   |   |   |   |
| Freight                                    |   | $                           | 712,555   |   |   | $ | 559,733 |   |
| Logistics                                  |   |                        | 352,013   |   |   |   | 316,477 |   |
| Truckload                                  |   |                        | 96,506    |   |   |   | 86,042 |   |
| Other                                      |   |                        | 837       |   |   |   | 680 |   |
|                                       |   | $                           | 1,161,911 |   |   | $ | 962,932 |   |
| Operating Income (Loss)                    |   |                        |      |   |   |   |   |   |
| Freight                                    |   | $                           | (3,153    | ) |   | $ | (23,387 | ) |
| Logistics                                  |   |                        | 12,856    |   |   |   | 4,974 |   |
| Truckload                                  |   |                        | 2,975     |   |   |   | (132,678 | ) |
| Other                                      |   |                        | 1,722     |   |   |   | 779 |   |
|                                       |   | $                           | 14,400    |   |   | $ | (150,312 | ) |
|                                       |   |                        |      |   |   |   |   |   |

|                          |   | March 31, 2010 |    |
|-------------------------------|--------|----------------|---------|
| (Dollars in thousands)        |   | Total          |    |   | Level 1 |   |   | Level 2 |   |   | Level 3 |   |
|                          |   |           |    |   |   |   |   |   |   |   |   |   |
| Cash equivalents              |   | $              | 432,427 |   |   | $ | 112,702 |   |   | $ | 319,725 |   |   | $ | -- |   |
| Current marketable securities |   |           | 22,260  |   |   |   | -- |   |   |   | 22,260 |   |   |   | -- |   |
| Other marketable securities   |   |           | 6,587   |   |   |   | -- |   |   |   | -- |   |   |   | 6,587 |   |

|                        |   | December 31, 2009 |    |
|-----------------------------|--------|-------------------|---------|
| (Dollars in thousands)      |   | Total             |    |   | Level 1 |   |   | Level 2 |   |   | Level 3 |   |
|                        |   |              |    |   |   |   |   |   |   |   |   |   |
| Cash equivalents            |   | $                 | 450,915 |   |   | $ | 143,578 |   |   | $ | 307,337 |   |   | $ | -- |   |
| Other marketable securities |   |              | 6,691   |   |   |   | -- |   |   |   | -- |   |   |   | 6,691 |   |

| (Dollars in thousands)       |   | Auction-rate security |   |
|------------------------------|--------|-----------------------|--------|
|                         |   |                  |   |
| Balance at December 31, 2008 |   | $                     | 6,712  |   |
| Unrealized gain              |   |                  | 379    |   |
| Partial redemption           |   |                  | (400   | ) |
| Balance at December 31, 2009 |   | $                     | 6,691  |   |
| Unrealized gain              |   |                  | 96     |   |
| Partial redemption           |   |                  | (200   | ) |
| Balance at March 31, 2010    |   | $                     | 6,587  |   |

|                                |   | Qualified Pension Plans     |    | Non-Qualified Pension Plans |                        |
|-------------------------------------|--------|-----------------------------|---------|-----------------------------|-----------------------------|
|                                |   | Three Months EndedMarch 31, |    |                        | Three Months EndedMarch 31, |   |
| (Dollars in thousands)              |   | 2010                        |    |                        | 2009                        |   |   | 2010 |   |   | 2009 |   |
|                                |   |                        |    |                        |                        |   |   |   |   |   |   |   |
| Interest cost on benefit obligation |   | $                           | 17,364  |                        |                        | $ | 18,553 |   |   | $ | 974 |   |   | $ | 1,086 |   |
| Expected return on plan assets      |   |                        | (19,381 | )                           |                        |   | (16,443 | ) |   |   | -- |   |   |   | -- |   |
| Net amortization and deferral       |   |                        | 2,228   |                        |                        |   | 8,521 |   |   |   | 111 |   |   |   | 142 |   |
| Net periodic benefit expense        |   | $                           | 211     |                        |                        | $ | 10,631 |   |   | $ | 1,085 |   |   | $ | 1,228 |   |
|                                |   |                        |    |                        |                        |   |   |   |   |   |   |   |   |   |   |   |

|                                                   |   | Three Months EndedMarch 31, |   |
|--------------------------------------------------------|--------|-----------------------------|--------|
| (Dollars in thousands)                                 |   | 2010                        |   |   | 2009 |   |
|                                                   |   |                        |   |   |   |   |
| Service cost – benefits earned during the period |   | $                           | 398    |   |   | $ | 478 |   |
| Interest cost on benefit obligation                    |   |                        | 1,221  |   |   |   | 1,515 |   |
| Net amortization and deferral                          |   |                        | (301   | ) |   |   | (305 | ) |
| Net periodic benefit expense                           |   | $                           | 1,318  |   |   | $ | 1,688 |   |

| (Dollars in thousands)                         |   | Three Months EndedMarch 31, |   |
|------------------------------------------------|--------|-----------------------------|--------|
|                                           |   | 2010                        |   |   | 2009 |   |
|                                           |   |                        |   |   |   |   |
| Net loss                                       |   | $                           | (4,037 | ) |   | $ | (152,349 | ) |
|                                           |   |                        |   |   |   |   |   |   |
| Other comprehensive income (loss):             |   |                        |   |   |   |   |   |   |
| Foreign currency translation adjustment        |   |                        | (1,043 | ) |   |   | (694 | ) |
| Unrealized gain (loss) on available-for-sale   |   |                        |   |   |   |   |   |   |
| security, net of deferred tax of $38 and       |   |                        |   |   |   |   |   |   |
| $313, respectively                             |   |                        | 58     |   |   |   | (487 | ) |
| Employee benefit plans, net of deferred tax of |   |                        |   |   |   |   |   |   |
| $3,060 and $3,260, respectively                |   |                        | 3,493  |   |   |   | 5,098 |   |
| Comprehensive loss                             |   | $                           | (1,529 | ) |   | $ | (148,432 | ) |

|                                                               |   |
|--------------------------------------------------------------------|--------|
|                                                               |   | Three Months EndedMarch 31, |   |
| (Dollars in thousands)                                             |   | 2010 |   |   | 2009 |   |
|                                                               |   |   |   |   |   |   |
| Salaries, wages and other employee benefits                        |   | $ | 3,575 |   |   | $ | 2,952 |   |
| Deferred income tax benefit                                        |   |   | (1,371 | ) |   |   | (1,135 | ) |
|      Net share-based compensation expense |   | $ | 2,204 |   |   | $ | 1,817 |   |

10. Commitments and Contingencies 

|   | · | Overview of Business |
|--------|--------|----------------------|

|   | · | Results of Operations |
|--------|--------|-----------------------|

|   | · | Liquidity and Capital Resources |
|--------|--------|---------------------------------|

|   | · | Critical Accounting Policies and Estimates |
|--------|--------|--------------------------------------------|

|   | · | New Accounting Standards |
|--------|--------|--------------------------|

|   | · | Forward-Looking Statements |
|--------|--------|----------------------------|

|   | · | Freight. The Freight segment consists of the operating results of the Con-way Freight business unit, which provides regional, inter-regional and transcontinental less-than-truckload freight services throughout North America. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Logistics. The Logistics segment consists of the operating results of the Menlo Worldwide Logistics business unit, which develops contract-logistics solutions, including the management of complex distribution networks and supply-chain engineering and consulting, and also provides multimodal freight brokerage services. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Truckload. The Truckload segment consists of the operating results of the Con-way Truckload business unit, which provides asset-based full-truckload freight services throughout North America. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Other. The Other reporting segment consists of the operating results of Road Systems, a trailer manufacturer, and certain corporate activities for which the related income or expense has not been allocated to other reporting segments. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (Dollars in thousands except per share amounts) |   | Three Months EndedMarch 31, |      |
|-------------------------------------------------|--------|-----------------------------|-----------|
|                                            |   | 2010                        |      |   | 2009 |   |
|                                            |   |                        |      |   |   |   |
| Revenues                                        |   | $                           | 1,161,911 |   |   | $ | 962,932 |   |
| Costs and expenses                              |   |                        |      |   |   |   |   |   |
| Loss from impairment of goodwill and            |   |                        |      |   |   |   |   |   |
| intangible assets                               |   |                        | 2,767     |   |   |   | 134,813 |   |
| Other costs and expenses                        |   |                        | 1,144,744 |   |   |   | 978,431 |   |
|                                            |   |                        | 1,147,511 |   |   |   | 1,113,244 |   |
| Operating income (loss)                         |   |                        | 14,400    |   |   |   | (150,312 | ) |
| Other expense                                   |   |                        | 17,314    |   |   |   | 15,513 |   |
| Loss before income tax                          |   |                        |      |   |   |   |   |   |
| provision (benefit)                             |   |                        | (2,914    | ) |   |   | (165,825 | ) |
| Income tax provision (benefit)                  |   |                        | 1,123     |   |   |   | (13,476 | ) |
| Net loss                                        |   |                        | (4,037    | ) |   |   | (152,349 | ) |
| Preferred stock dividends                       |   |                        | --        |   |   |   | 1,617 |   |
| Net loss applicable to                          |   |                        |      |   |   |   |   |   |
| common shareholders                             |   | $                           | (4,037    | ) |   | $ | (153,966 | ) |
|                                            |   |                        |      |   |   |   |   |   |
| Diluted loss per share                          |   | $                           | ( 0.08    | ) |   | $ | ( 3.35 | ) |

Con-way’s consolidated revenue for the first quarter of 2010 increased 20.7% from the first quarter of 2009, reflecting increased revenue at all reporting segments. 

| (Dollars in thousands)                          |   | Three Months Ended March 31,                                    |    |
|-------------------------------------------------|--------|----------------------------------------------------------------------|---------|
|                                            |   | 2010                                                                 |    |   | 2009 |   |
|                                            |   |                                                                 |    |   |   |   |
| Revenue before inter-segment eliminations       |   | $                                                                    | 725,003 |   |   | $ | 573,815 |   |
|                                            |   |                                                                 |    |   |   |   |   |   |
| Salaries, wages and other employee benefits     |   |                                                                 | 365,517 |   |   |   | 331,216 |   |
| Purchased transportation                        |   |                                                                 | 120,007 |   |   |   | 79,948 |   |
| Other operating expense                         |   |                                                                 | 101,213 |   |   |   | 86,662 |   |
| Fuel and fuel-related taxes                     |   |                                                                 | 77,181  |   |   |   | 44,815 |   |
| Depreciation and amortization                   |   |                                                                 | 22,916  |   |   |   | 26,793 |   |
| Maintenance                                     |   |                                                                 | 25,617  |   |   |   | 20,730 |   |
| Rents and leases                                |   |                                                                 | 11,408  |   |   |   | 6,753 |   |
| Purchased labor                                 |   |                                                                 | 4,297   |   |   |   | 285 |   |
| Total operating expenses                        |   |                                                                 | 728,156 |   |   |   | 597,202 |   |
| Operating loss                                  |   | $                                                                    | (3,153  | ) |   | $ | (23,387 | ) |
|                                            |   |                                                                 |    |   |   |   |   |   |
| Operating margin                                |   |                                                                 | -0.4    | % |   |   | -4.1 | % |
|                                            |   |                                                                 |    |   |   |   |   |   |
|                                            |   |           2010 vs. 2009 |    |   |   |   |   |
| Selected Operating Statistics                   |   |                                                                 |    |   |   |   |   |   |
| Weight per day                                  |   |                                                                 | 34.8    | % |   |   |   |   |
| Revenue per hundredweight (“yield”) |   |                                                                 | -7.8    | % |   |   |   |   |
| Shipments per day (“volume”)        |   |                                                                 | 23.4    | % |   |   |   |   |
| Weight per shipment                             |   |                                                                 | 9.3     | % |   |   |   |   |

| (Dollars in thousands)                               |   | Three Months Ended March 31, |     |
|------------------------------------------------------|--------|-----------------------------------|----------|
|                                                 |   | 2010                              |     |   | 2009 |   |
|                                                 |   |                              |     |   |   |   |
| Revenue before inter-segment eliminations            |   | $                                 | 355,183  |   |   | $ | 316,477 |   |
| Purchased transportation expense                     |   |                              | (210,934 | ) |   |   | (191,244 | ) |
| Net revenue                                          |   |                              | 144,249  |   |   |   | 125,233 |   |
|                                                 |   |                              |     |   |   |   |   |   |
| Salaries, wages and other employee benefits          |   |                              | 54,687   |   |   |   | 49,784 |   |
| Other operating expense                              |   |                              | 33,585   |   |   |   | 33,645 |   |
| Fuel and fuel-related taxes                          |   |                              | 213      |   |   |   | 388 |   |
| Depreciation and amortization                        |   |                              | 3,063    |   |   |   | 3,253 |   |
| Maintenance                                          |   |                              | 1,731    |   |   |   | 2,749 |   |
| Rents and leases                                     |   |                              | 16,245   |   |   |   | 15,883 |   |
| Purchased labor                                      |   |                              | 19,102   |   |   |   | 14,557 |   |
| Loss from impairment of goodwill and                 |   |                              |     |   |   |   |   |   |
| intangible assets                                    |   |                              | 2,767    |   |   |   | -- |   |
| Total operating expenses excluding purchased         |   |                              |     |   |   |   |   |   |
| transportation                                       |   |                              | 131,393  |   |   |   | 120,259 |   |
| Operating income                                     |   | $                                 | 12,856   |   |   | $ | 4,974 |   |
| Operating income excluding impairment                |   | $                                 | 15,623   |   |   | $ | 4,974 |   |
|                                                 |   |                              |     |   |   |   |   |   |
| Operating margin on revenue excluding impairment     |   |                              | 4.4      | % |   |   | 1.6 | % |
| Operating margin on net revenue excluding impairment |   |                              | 10.8     | % |   |   | 4.0 | % |

| (Dollars in thousands)                      |   | Three Months Ended March 31,                                    |    |
|---------------------------------------------|--------|----------------------------------------------------------------------|---------|
|                                        |   | 2010                                                                 |    |   | 2009 |   |
|                                        |   |                                                                 |    |   |   |   |
| Freight revenue                             |   | $                                                                    | 116,202 |   |   | $ | 120,218 |   |
| Fuel-surcharge revenue                      |   |                                                                 | 20,745  |   |   |   | 12,066 |   |
| Other revenue                               |   |                                                                 | 3,669   |   |   |   | 2,499 |   |
| Revenue before inter-segment eliminations   |   |                                                                 | 140,616 |   |   |   | 134,783 |   |
|                                        |   |                                                                 |    |   |   |   |   |   |
| Salaries, wages and other employee benefits |   |                                                                 | 54,352  |   |   |   | 57,596 |   |
| Purchased transportation                    |   |                                                                 | 6,188   |   |   |   | 5,060 |   |
| Other operating expenses                    |   |                                                                 | 14,935  |   |   |   | 17,288 |   |
| Fuel and fuel-related taxes                 |   |                                                                 | 36,900  |   |   |   | 28,568 |   |
| Depreciation and amortization               |   |                                                                 | 15,349  |   |   |   | 16,346 |   |
| Maintenance                                 |   |                                                                 | 9,411   |   |   |   | 7,067 |   |
| Rents and leases                            |   |                                                                 | 219     |   |   |   | 206 |   |
| Purchased labor                             |   |                                                                 | 287     |   |   |   | 517 |   |
| Loss from impairment of goodwill and        |   |                                                                 |    |   |   |   |   |   |
| intangible assets                           |   |                                                                 | --      |   |   |   | 134,813 |   |
| Total operating expenses                    |   |                                                                 | 137,641 |   |   |   | 267,461 |   |
| Operating income (loss)                     |   | $                                                                    | 2,975   |   |   | $ | (132,678 | ) |
| Operating income excluding impairment       |   | $                                                                    | 2,975   |   |   | $ | 2,135 |   |
|                                        |   |                                                                 |    |   |   |   |   |   |
| Operating margin excluding impairment       |   |                                                                 | 2.1     | % |   |   | 1.6 | % |
|                                        |   |                                                                 |    |   |   |   |   |   |
|                                        |   |           2010 vs. 2009 |    |   |   |   |   |
| Selected Operating Statistics               |   |                                                                 |    |   |   |   |   |   |
| Total miles                                 |   |                                                                 | -3.5    | % |   |   |   |   |
| Freight revenue per total mile              |   |                                                                 | 0.2     | % |   |   |   |   |

| (Dollars in thousands)          |   | Three Months EndedMarch 31, |   |
|---------------------------------|--------|-----------------------------|--------|
|                            |   | 2010                        |   |   | 2009 |   |
|                            |   |                        |   |   |   |   |
| Revenue                         |   |                        |   |   |   |   |
| Road Systems                    |   | $                           | 11,839 |   |   | $ | 5,989 |   |
|                            |   |                        |   |   |   |   |   |   |
| Operating income (loss)         |   |                        |   |   |   |   |   |   |
| Road Systems                    |   | $                           | (109   | ) |   | $ | (356 | ) |
| Con-way re-insurance activities |   |                        | 2,147  |   |   |   | 1,551 |   |
| Con-way corporate properties    |   |                        | (337   | ) |   |   | (167 | ) |
| Other                           |   |                        | 21     |   |   |   | (249 | ) |
|                            |   | $                           | 1,722  |   |   | $ | 779 |   |

|  (Dollars in thousands)                                                                                                                     |   | Three Months EndedMarch 31, |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|
|                                                                                                                                             |   | 2010                        |    |   | 2009 |   |
| Operating Activities                                                                                                                             |   |                        |    |   |   |   |
| Net loss                                                                                                                                         |   | $                           | (4,037  | ) |   | $ | (152,349 | ) |
| Non-cash adjustments (1)                                                                                                                         |   |                        | 57,780  |   |   |   | 203,576 |   |
| Changes in assets and liabilities                                                                                                                |   |                        | (29,893 | ) |   |   | 48,861 |   |
| Net Cash Provided by Operating Activities                                                                                                        |   |                        | 23,850  |   |   |   | 100,088 |   |
|                                                                                                                                             |   |                        |    |   |   |   |   |   |
| Net Cash Used in Investing Activities                                                                                                            |   |                        | (37,616 | ) |   |   | (21,758 | ) |
|                                                                                                                                             |   |                        |    |   |   |   |   |   |
| Net Cash Used in Financing Activities                                                                                                            |   |                        | (1,416  | ) |   |   | (31,260 | ) |
|                                                                                                                                             |   |                        |    |   |   |   |   |   |
| Net Cash Provided by (Used in) Continuing Operations                                                                                             |   |                        | (15,182 | ) |   |   | 47,070 |   |
| Net Cash Used in Discontinued Operations                                                                                                         |   |                        | --      |   |   |   | (103 | ) |
| Increase (Decrease) in Cash and Cash Equivalents                                                                                                 |   | $                           | (15,182 | ) |   | $ | 46,967 |   |
|                                                                                                                                             |   |                        |    |   |   |   |   |   |
| (1) “Non-cash adjustments” refer to depreciation, amortization, impairment charges, deferred income taxes,                      |   |
|             provision for uncollectible accounts, and other non-cash income and expenses. |   |

|   | · | Defined Benefit Pension Plans |
|--------|--------|-------------------------------|

|   | · | Self-Insurance Accruals |
|--------|--------|-------------------------|

|   | · | Income Taxes |
|--------|--------|--------------|

|   | · | Revenue Recognition |
|--------|--------|---------------------|

|   | · | Property, Plant and Equipment and Other Long-Lived Assets |
|--------|--------|-----------------------------------------------------------|

|   | · | Goodwill |
|--------|--------|----------|

|   | · | Disposition and Restructuring Activities |
|--------|--------|------------------------------------------|

|   | · | any projections of earnings, revenues, weight, yield, volumes, income or other financial or operating items; |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | · | any statements of the plans, strategies, expectations or objectives of Con-way’s management for future operations or other future items; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | 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 legal and other claims and proceedings that may be brought against Con-way; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------|

|   | · | any statements regarding future economic conditions or performance; |
|--------|--------|---------------------------------------------------------------------|

|   | · | any statements regarding strategic acquisitions; and |
|--------|--------|------------------------------------------------------|

|   | · | any statements of estimates or belief and any statements or assumptions underlying the foregoing. |
|--------|--------|---------------------------------------------------------------------------------------------------|

ITEM 4. CONTROLS AND PROCEDURES 

| Exhibit No.                                                                          |
|--------------------------------------------------------------------------------------|
|                                                                                 |   |   |
| (10)                                                                                 | Material contracts: |
|                                                                                 |   |   |
|                                                                                 | 10.1 | Con-way Inc. Executive Incentive Plan Amended January 2010.# |
|                                                                                 |   |
| (31)                                                                                 | Certification of Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|                                                                                 |   |   |
| (32)                                                                                 | Certification of Officers pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|                                                                                 |   |   |
| #  Designates a contract or compensation plan for Management or Directors. |

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 thereunto duly authorized. 

|        | Con-way Inc.                 |
|-------------|------------------------------|
|        | (Registrant)                 |
|        |                         |
| May 6, 2010 | /s/ Stephen L. Bruffett      |
|        | Stephen L. Bruffett          |
|        | Executive Vice President and |
|        | Chief Financial Officer      |