8-K

                                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

      Date of Report (Date of earliest event reported): August 22, 2007

                                Con-way Inc.
           (Exact name of registrant as specified in its charter)

            Delaware                     1-5046           94-1444798
- ---------------------------------   --------------------------------------
  (State or other jurisdiction         (Commission       (IRS Employer
        of incorporation)             File Number)    Identification No.)

 2855 Campus Drive, Suite 300, San Mateo, California         94403
- --------------------------------------------------------------------------
      (Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code:  (650) 378-5200

        (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

 [ ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

 [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

 [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

 [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))







Item 7.01 Regulation FD Disclosure.

On August 22, 2007, the Company issued a press release announcing a
reorganization of its Con-way Freight, Inc. subsidiary. Costs for the
reorganization are estimated to range from $12 million to $16 million and are
expected to be incurred during the remainder of 2007 and the first quarter of
2008. A copy of the press release is attached hereto as Exhibit 99.1.


Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits

Exhibit Number    Exhibit Title or Description
- --------------    ----------------------------
99.1              Press Release dated August 22, 2007




                                 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.


                       CON-WAY INC.



                       By:    /s/ Jennifer W. Pileggi
                             -------------------------
                       Name:   Jennifer W. Pileggi
                       Title:  Senior Vice President


Date: August 22, 2007








                                EXHIBIT INDEX

Exhibit Number    Exhibit Title or Description
- --------------    ----------------------------
99.1              Press Release dated August 22, 2007

EX-99

                                                                EXHIBIT 99.1



                                                        FOR IMMEDIATE RELEASE
Contacts:
Con-way Inc.                       KempGoldberg
Gary Frantz                        Belinda Donovan/Amber Caouette
(650) 378-5335                     (207) 773-0700
frantz.gary@con-way.com            bdonovan@kempgoldberg.com
                                   acaouette@kempgoldberg.com



               Con-way Freight Unveils Unified Operating Model

      Less-Than-Truckload Carrier Aligns Under New Management Team and

                            Organizational Model

                       to Improve Customer Experience



ANN ARBOR, Mich. - Aug. 22, 2007 - Con-way Freight Inc., a less-than-

truckload (LTL) freight transportation company and subsidiary of Con-way Inc.

(NYSE: CNW), today announced that it will combine its three regional

operating companies into one centralized operation headquartered in Ann

Arbor, Mich., to improve the customer experience and streamline its

processes. This move marks a continuation of Con-way Freight's vision to

deliver a single enterprise brand that creates maximum efficiency and offers

customers a comprehensive service portfolio.



"This transformation will improve Con-way Freight's performance by enabling

us to anticipate and respond to customer needs more quickly and

intelligently," said John G. Labrie, president, Con-way Freight. "We are a

great company that will become an extraordinary company by aligning and

unifying management and processes around customers' needs while improving our

cost structure in an increasingly competitive LTL market."



The company had operated under three units - Con-way Freight-Central, Con-way

Freight-Southern and Con-way Freight-Western - since its inception 24 years

ago. Under the old business model, each region had individual goals,

practices and pricing models. The evolution into a new, centralized entity

enables Con-way Freight to adopt uniform new processes and best practices

designed to make the organization more responsive to the market and to

customers throughout North America. The streamlined structure will reduce

complexity, while the concurrent reductions in overhead will be leveraged

into continuous improvement and innovation.



Labrie emphasized that under the unified management structure the customer

will continue

to receive the same outstanding, industry-leading service product that has

been Con-way's hallmark since its founding.  The high-performance reliability

of Con-way's proven LTL network model - underscored by the integrity and

operational excellence of the company's well-trained and highly skilled

workforce -- remains a prime differentiating factor and competitive strength

for the company.



"We have arrived at a crucial moment in our rich history that will position

Con-way Freight to better meet the needs of the marketplace through vision,

growth and operational excellence," said Labrie. "The vital evolutionary step

of improving our organizational model in this environment of ever-increasing

competition will sharpen our execution and enable us to deliver the most

nimble, forward-thinking, customer-responsive option available to worldwide

customers."



The parent company recently announced Labrie as Con-way Freight's new

president. Joining him on the new Con-way Freight executive management team

are David L. Miller, chief operating officer; Michael D. Yuenger, vice

president, finance; J. Edwin Conaway, executive vice president, sales; Sean

M. Devine, vice president, engineering; Manoj Chopra, vice president,

pricing; and Scott J. Engers, vice president, employee relations.



Miller becomes chief operating officer from his former position as president

of Con-way Freight-Central. A 30-year veteran of the trucking industry, he

joined Con-way in 1983 as a freight operations supervisor. Prior positions

included vice president of strategic planning and president of Con-way

Freight-Southern.



Yuenger has served as vice president and controller of Con-way Freight since

2005. An executive with more than 20 years of transportation industry

experience, he joined the Con-way organization in 1991 as controller of Con-

way Freight-Central.



A 20-year Con-way employee, Conaway has served as vice president of sales for

Con-way Freight since 2005. Previous positions included president of Con-way

NOW and vice president of operations for Con-way Freight-Southern.



Devine joined Con-way Inc. as vice president of engineering and supply

management earlier this year. Prior to that, he served as vice president of

consulting services for Emptoris, and provided consulting in support of Con-

way's procurement transformation and other strategic initiatives.



Dr. Chopra joined Con-way this month from RadioShack Corporation, where he

was director of pricing, demand planning and strategic analysis. His career

experience includes senior positions with FedEx Services and i2 Technologies.

Dr. Chopra is an Industrial Engineering graduate of the Indian Institute of

Technology in Roorkee, India, and holds a Ph.D. from Kansas State University.



Engers joined the organization in 1984 as vice president, corporate counsel

and assistant secretary for Con-way Transportation Services. In 2005 he was

promoted to vice president and deputy general counsel for Con-way Inc. He

serves on the board of directors of the American Trucking Associations'

Litigation Center and is a member of the California and Michigan bar

associations.



Costs for the reorganization are estimated to range from $12 million to $16

million and are expected to be incurred during the remainder of 2007 and the

first quarter of 2008.  Con-way will update its full-year 2007 guidance as

appropriate to reflect the effect of the Con-way Freight reorganization, and

the effects of its pending acquisition of Contract Freighters, Inc., which is

expected to close during the third quarter.



About Con-way Freight
Con-way Freight is the industry's leading less-than-truckload (LTL) freight
transportation company, providing guaranteed, day-definite regional and
transcontinental service through a network of 440 service centers in the
United States, Canada, Mexico and Puerto Rico. Based in Ann Arbor, Mich.,
Con-way Freight offers LTL freight delivery across North America, as well as
delivery in the United States for international less-than-container (LCL)
ocean shipments from Asia through its OceanGuaranteedSM service. Con-way
Freight is a certified FAST highway carrier and is ISO 9001- and 14001-, C-
TPAT/PIP, ACE- and CSA-certified. Con-way Freight is a subsidiary of Con-way
Inc. (NYSE: CNW), a $4.2 billion freight transportation and logistics
services company and FORTUNE magazine's "Most Admired Company" in
transportation and logistics for 2007. For more information, visit www.con-
way.com/freight.


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 concerning proposed new products or services, any statements
regarding Con-way's estimated future contributions to pension plans, any
statements as to the adequacy of reserves, any statements regarding the
outcome of any claims that may be brought against Con-way, any statements
regarding future economic conditions or performance, any statements of
estimates or belief, any statements regarding the proposed acquisition of
Transportation Resources, Inc. and its subsidiaries, including Contract
Freighters, Inc. (collectively, "CFI"), and proposed related financing, 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 Con-way's customers
and their ability to pay for services rendered, increasing competition and
pricing pressure, changes in fuel prices or fuel surcharges and the effect of
recently-filed litigation alleging that Con-way engaged in price fixing of
fuel surcharges in violation of Federal antitrust laws,  the effects of the
cessation of the air carrier operations of Emery Worldwide Airlines, the
possibility that Con-way may, from time to time, be required to record
impairment charges for long-lived assets, the proposed acquisition of CFI and
proposed related financing (including without limitation the possibility that
such acquisition may not be consummated due to failure of closing conditions
to be satisfied, risks relating to the financing, integration risks and risks
that acquisition synergies are not realized), the possibility of defaults
under Con-way's $400 million credit agreement and other debt instruments
(including without limitation defaults resulting from unusual charges), and
the possibility that Con-way may be required to repay certain 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, matters relating to
the 1996 spin-off of Consolidated Freightways Corporation ("CFC"), including
the possibility that CFC's multi-employer pension plans may assert claims
against Con-way, matters relating to the sale of Menlo Worldwide Forwarding,
Inc., including Con-way's obligation to indemnify the buyer for certain
losses in connection with the sale, and matters relating to Con-way's defined
benefit pension plans. The factors included herein and in Item 7 of Con-way's
2006 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.

                                     ###