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CONSOLIDATED FREIGHTWAYS DECLARES QUARTERLY DIVIDEND ON PREFERRED STOCK

 PALO ALTO, Calif., July 26 /PRNewswire/ -- The board of directors of Consolidated Freightways Inc. (NYSE: CNF) today declared a quarterly dividend of 38.5 cents per share on depositary shares for the company's Series C Conversion Preferred Stock. Each depositary share is equal to one-tenth of a share of this series of preferred stock.
 The dividend is payable on Sept. 15, 1993, to depositary shareholders of record as of Aug. 6, 1993.
 The annual dividend on the depositary shares is $1.54.
 Consolidated Freightways Inc. is a diversified transportation company with businesses in long-haul and regional trucking, air freight, intermodal rail and ocean freight shipping, logistics management and customs brokerage services.
 -0- 7/26/93
 /CONTACT: J.R. Allen of Consolidated Freightways, 415-494-2900/
 (CNF)


CO: Consolidated Freightways Inc. ST: California IN: TRN SU: DIV

GT-TB -- SJ009 -- 5969 07/26/93 20:06 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:143
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