Con-way Call Transcript 4th Quarter 2014

Douglas W. Stotlar started by introducing the other mucky-mucks on the conference call:

As with other megas, times are good... 55% increased operating income!!

And Con-way counts its income per quarter (4th = October, November, December) in the billion range. That's billion with a big 'B'... per quarter!!

Hm-mph!! Elephant in the room, eh?

No wonder Stotlar needs all that other mucky-muck help!

Transcript available here http://www.nasdaq.com/aspx/call-tra...-cnw-q4-2014-results-earnings-call-transcript

 

We're in 10-Q season when listed companies tell the world how they did in 2014. Some have conference calls like this. Provides insights into listed trucking firms, their managements and vision.

How many knew that Con-way takes over a billion dollars in sales each quarter? On the road, all trucking companies look the same, Freightliners, KWs, Petes, Internationals. All same.

They're not!! Including thoughts on compensation for drivers...

 

Stotlar said Con-way had almost $6 billion in revenue:

Con-way's LTL segment increased about 6% but income jumped over 55% and produced the lion's share of Con-way revenue, almost $900 million:

 

Stotlar claims Con-way has improved driver retention/recruitment:

Like other mega carriers, Con-way is hiring now in advance of freight picking up in Spring. The unmentioned downside is when carriers fill seats they don't have enough freight to cover and then drivers suffer, especially OTR drivers.

 

Last quarter, Con-way created a minor dustup here on TTR by saying nothing about Teamster efforts to organize Con-way Freight barns while citing a labor lawsuit settlement as 'material'--apparently Con-way considered the Teamster threat 'non-material.' But was silent about it.

Stotlar speaks directly this time:

1 barn out of 300's not enough to ruffle Con-way's feathers.