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
July 25, 2006
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Date of Report (Date of earliest event reported)
Con-way Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-5046 94-1444798
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
2855 Campus Drive, Suite 300, San Mateo, California 94403
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(Address of principal executive offices)
(zip code)
Registrant's telephone number, including area code:
(650) 378-5200
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant
under any of the following provisions (see General Instruction A.2
below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On July 21, 2006, Con-way Expedite & Brokerage Inc. ("Seller"), a wholly-
owned indirect subsidiary of Con-way Inc. (the "Company"), entered into an
Asset Purchase Agreement (the "Agreement") with Panther II Transportation
Inc. ("Buyer") pursuant to which Seller agreed to sell to Buyer that portion
of Seller's business that consists of the expedited and time-definite surface
delivery of freight shipments through exclusive-use cargo vans and straight
trucks (the "Subject Business").
The purchase price for the Subject Business will be between $7 million and $8
million, with the final amount dependent upon completion of certain incentive
provisions. Con-way Transportation LLC ("Parent"), the parent of Seller and
a wholly-owned direct subsidiary of the Company, also entered into the
Agreement in order to provide certain representations, warranties, covenants
and indemnities to Buyer. The Company also entered into the Agreement for
the sole purpose of agreeing to certain non-competition provisions, which
limit the ability of the Company and its affiliates to compete with the
Subject Business for a period of five years.
The sale of the Subject Business was consummated on July 21, 2006.
SIGNATURES
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.
Con-way Inc.
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(Registrant)
July 25, 2006 /s/ Jennifer W. Pileggi
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Jennifer W. Pileggi
General Counsel