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): March 18, 2008

                                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 2.03  CREATION  OF  A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER
AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

On March 18, 2008, Cougar  Holdings  Pte  Ltd. ("Cougar Holdings"), a wholly-
owned subsidiary of Menlo Worldwide LLC, the  logistics unit of Con-way Inc.,
entered into two put and call option agreements with HSBC Institutional Trust
Services  (Singapore)  Limited  as  trustee  of  Mapletree   Logistics  Trust
("Mapletree"),  a  Singapore company. The option agreements provide  for  the
sale by Cougar Holdings  and  the  purchase  by  Mapletree  of two warehouses
located  in  Singapore,  for  a  total  purchase  price  of S$55,600,000  (or
US$40,289,855,  based  on  an exchange rate of S$1.38 for one  U.S.  Dollar).
The properties are located at  No.  30  Boon  Lay  Way, Singapore 609957 (the
"Boon  Lay  Facility") and at 22A Benoi Road, Singapore  629893  (the  "Benoi
Facility").

The option agreements  are subject to the satisfaction of certain conditions,
and upon satisfaction of the conditions either party may exercise the options
under the agreements. Upon  exercise  of  the  options  by either party, each
party  then  becomes  obligated to enter into the sale agreements  and  lease
agreements pursuant to  which Cougar Express Logistics Pte Ltd., a subsidiary
of Cougar Holdings ("Tenant"),  will  lease  back  the two warehouses for ten
(10)  year terms. Each lease contains an option to renew  for  an  additional
five (5) year term. The obligations under the lease agreements are guaranteed
by Menlo Worldwide, LLC.

The initial  rent  is S$3,595,440 for the Boon Lay Facility and S$590,880 for
the Benoi Facility.  The  rent  for  each facility increases 4% in year 3 and
1.5% in each year thereafter through year  10. The rent for the option period
is based on the prevailing fair market value, subject to a cap of 125% of the
rent for the tenth year of the initial lease  term.  In addition to the rent,
Tenant  is  responsible  for  the  government  land rental  fee,  a  property
management fee and property taxes. The government  land rental fee is subject
to the government's annual revisions, the property management  fee is subject
to  an  annual  increase  capped  at  5%, and property taxes are equal  to  a
percentage of rental value (currently 10%).

The total rent obligations (undiscounted)  for  the initial ten-year terms of
the  leases  are S$38,601,850 for the Boon Lay Facility  (US$27,972,355)  and
S$6,344,040 for  the  Benoi  Facility  (US$4,597,130.)   The  government land
rental fee, property management fee and property taxes for the  initial  ten-
year  terms  of  the leases are estimated to be S$20,352,699 for the Boon Lay
Facility   (US$14,748,332)   and   S$2,621,512   for   the   Benoi   Facility
(US$1,899,646).




                                 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/ Kevin C. Schick
                                    --------------------
                                Name:  Kevin C. Schick
                                Title: Chief Financial Officer
 Date: March 24, 2008