Exhibit 99.1


            CONSOLIDATED FREIGHTWAYS CORPORATION
                RECEIVES NASDAQ NOTIFICATION



     VANCOUVER, Wash., August 22, 2002 - Consolidated
Freightways Corporation (NASDAQ: CFWYE) said today that it
has been notified by The Nasdaq Stock Market (Nasdaq) that,
because of NASD Marketplace Rule 4310(c)(14) requiring
timely filing of the company's Form 10-Q, and because of
previously announced company delays in filing its second
quarter Form 10-Q, the company's ticker symbol has today
been changed from CFWY to CFWYE.
     In addition, for the same reasons stated above, the
company was notified through a letter from Nasdaq that its
common stock is subject to Nasdaq de-listing.  The company
will request an appeal hearing, which will stay a de-
listing.
     The company stated in a press release on August 19
that, because Chief Executive Officer John Brincko recently
joined the company on May 28, 2002 and Chief Financial
Officer Steve Sokol was appointed on July 1, 2002, the
company has not had sufficient time to complete second
quarter financial statements and the related management's
discussion and analysis of financial condition and results
of operations. As previously reported, the company continues
to work on the Form 10-Q and expects to file within
approximately two weeks.
     The company said that its expected 10-Q filing will
cure what is the only alleged deficiency and will allow the
company's securities to remain listed on Nasdaq.
     Consolidated Freightways Corporation is comprised of
national less-than-truckload carrier Consolidated
Freightways, third party logistics provider Redwood Systems,
Canadian Freightways LTD, Grupo Consolidated Freightways,
the company's subsidiary in Mexico and CF AirFreight, an air
freight forwarder.