Con-way profit falls on higher costs

Wed Oct 31, 2012 4:20pm EDT

Oct 31 (Reuters) - Con-way Inc, a U.S. trucking and logistics company, reported a lower quarterly profit due to higher costs at its less-than-truckload unit.

Net income fell to $25.3 million, or 45 cents per share, in the third quarter, from $29.1 million, or 52 cents per share, a year earlier.

Revenue for the Ann Arbor, Michigan-based company rose 2 percent to $1.40 billion, below the average forecast of $1.44 billion according to Thomson Reuters I/B/E/S.

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