8-K

                           PAGE 1




                        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

                       September 30, 2003
             -----------------------------------
              (Date of earliest event reported)

                          CNF Inc.
             -----------------------------------
     (Exact name of registrant as specified in charter)

    Delaware               1-5046              94-1444798
    ----------             ------              ----------
  (State or other        (Commission         (IRS Employer
   jurisdiction of        File Number)        Identification
   incorporation or                              Number)
   organization)

     3240 Hillview Avenue, Palo Alto, California  94304
     ---------------------------------------------------
          (Address of principal executive offices)
                         (zip code)

     Registrant's telephone number, including area code:
                       (650) 494-2900


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ITEM 5.  Other Events

On September 30, 2003, CNF Inc. issued a press release announcing that
it has entered into an agreement with the U.S. Department of Justice
to resolve an investigation into violations of the Hazardous Materials
Transportation Act.  A copy of the press release is filed as an exhibit
to this Form 8-K and is incorporated herein by reference.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)  Exhibits.

     99  Press Release dated September 30, 2003.





                         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.

                        CNF Inc.
                        ------------
                        (Registrant)

September 30, 2003      /s/Chutta Ratnathicam
                        -----------------------
                        Chutta Ratnathicam
                        Chief Financial Officer

EX-99

                                                       Exhibit 99



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CNF
3240 HILLVIEW AVENUE
PALO ALTO, CA 94304-1297
(650) 494-2900                                       NEWS RELEASE

                                                        Contacts:
                                    Investors - Patrick Fossenier
                                                   (650) 813-5353

                                           News Media - Jim Allen
                                                   (650) 813-5335


    EMERY WORLDWIDE AIRLINES RESOLVES HAZMAT ISSUES WITH PLEA

PALO ALTO, Calif. - Sept. 30, 2003 -- CNF Inc. said today that
its Emery Worldwide Airlines unit (EWA), which ceased operations
in 2001, has entered into an agreement with the U.S. Department
of Justice to resolve an investigation into violations of the
Hazardous Materials Transportation Act, which regulates the
shipment of hazardous materials.

     In a U.S. District Court proceeding today in Dayton, Ohio,
the company entered a guilty plea to 12 counts, agreed to pay a
$6 million fine, and agreed to begin a compliance program to
cover future shipments.  In a separate but related issue, EWA
also agreed to pay a civil penalty of $500,000 to the Federal
Aviation Administration to resolve a parallel enforcement matter.
EWA had previously remedied its faulty procedures that were of
concern to the government.

     The resolution reached with the government concludes an
investigation that began in 1999 and covered events during the
period between 1998 and mid-1999.  The government concluded that
the company had failed to address in a timely manner issues
relating to compliance with provisions of the Act. EWA had
cooperated with the government throughout its investigation.

     CNF (NYSE:CNF) is a $4.8 billion management company of
global supply chain services with businesses in regional
trucking, airfreight, ocean freight, customs brokerage, global
logistics management and trailer manufacturing.


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Forward-Looking Statements
- --------------------------
Certain statements in this press release constitute "forward-
looking statements" and are subject to a number of risks and
uncertainties and should not be relied upon as predictions of
future events.  All statements other than statements of
historical fact are forward-looking statements, including any
projections and objectives of management for future operations,
any statements regarding contributions to pension plans, any
statements as to the adequacy of reserves, any statements
regarding the possible outcome of claims brought against CNF, any
statements regarding future economic conditions or performance,
any statements of estimates or belief and any statements or
assumptions underlying the foregoing.  Specific factors that
could cause actual results and other matters to differ materially
from those discussed in such forward-looking statements include:
changes in general business and economic conditions, the
creditworthiness of CNF's customers and their ability to pay for
services rendered, increasing competition and pricing pressure,
changes in fuel prices, the effects of the cessation of the air
carrier operations of Emery Worldwide Airlines, the possibility
of additional unusual charges and other costs and expenses
related to Menlo's forwarding operations, the possibility that
CNF may, from time to time, be required to record impairment
charges for goodwill and other long-lived assets, the possibility
of defaults under CNF's $385 million credit agreement and other
debt instruments (including defaults resulting from additional
unusual charges or from CNF's failure to perform in accordance
with management's expectations), and the possibility that CNF may
be required to pledge collateral to secure some of its
indebtedness or to repay other indebtedness in the event that the
ratings assigned to its long-term senior debt by credit rating
agencies are reduced, labor matters, enforcement of and changes
in governmental regulations, environmental and tax matters, the
February 2000 crash of an EWA aircraft and related investigation
and litigation, and matters relating to CNF's 1996 spin-off of
CFC, including the possibility that CFC's multi-employer pension
plans may assert claims against CNF, and matters relating to
CNF's defined benefit pension plans. The factors included herein
and in Item 7 of our 2002 Annual Report on Form 10-K as well as
other filings with the Securities and Exchange Commission could
cause actual results and other matters to differ materially from
those in such forward-looking statements.  As a result, no
assurance can be given as to future financial condition, cash
flows, or results of operations.

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