Con-way's business is capital intensive. This attribute makes the company susceptible to weak operating times as payments on facilities and trucks are reoccuring expenses.
Con-ways business is closely tied to the health of the economy. If the economy is softening, then less goods are being consumed, which means less goods need to be shipped. Signs exist that suggest the U.S. may enter a recession soon.
Freight demand is trending down, which adversely effects Con-way's profits.