July 31, 2012 / 8:15 PM / 5 years ago

Con-way Q2 profit earnings rise

1 Min Read

July 31 (Reuters) - U.S. trucking and logistics company Con-way Inc reported higher quarterly earnings on cost controls and price increases to shippers.

The company said on Tuesday net income rose to $41.8 million, or 74 cents a share, in the second quarter, from $29.4 million, or 52 cents a share, a year earlier.

Excluding items, profit was 66 cents a share, up from 50 cents a share a year earlier.

Revenue for the Ann Arbor, Michigan-based company rose 7.2 percent to $1.45 billion, in line with the average forecast according to Thomson Reuters I/B/E/S.

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