Consolidated Freightways Corp. Shares Now Trade in Nasdaq National Market.

MENLO PARK, Calif.--(BUSINESS WIRE)--Nov. 13, 1996--The common stock of Consolidated Freightways Corp. (CFC) began trading today in the Nasdaq National Market, W. Roger Curry, president and chief executive officer announced.

CFC shares will trade on a when-issued basis under the trading symbol CFWYV. The trading symbol will change to CFWY on the morning of Dec. 3, 1996, following the spin-off from its parent company, Consolidated Freightways, Inc.

Curry noted that CFC's entry into the Nasdaq National Market provides brokers and others with immediate access to the best bid and ask prices and other information about the company's shares throughout the trading day. Those prices are available in more than 200,000 electronic terminals in brokers' offices throughout the United States and the world. Trading data is also distributed widely through wire services for selective dissemination by newspapers and radio and television stations.

Consolidated Freightways Corp. is a $2.1 billion full-service trucking company competing primarily in the North American less-than-truckload (LTL) segment of the general freight industry. It operates a network of 373 service centers in all 50 states, eight provinces of Canada and Puerto Rico with a fleet of approximately 40,800 trucks, tractors and trailers and approximately 21,000 employees.

Current market makers in CFC shares include Donaldson Lufkin Jenrette, Herzog Geduld, Knight Securities and Oscar Gruss. In addition to increased market visibility, Nasdaq offers CFC the advantage of multiple market makers that compete to offer the best bid and asked prices, as opposed to a single specialist on the floor of a stock exchange.

CONTACT: CF MotorFreight

Maryla Boonstoppel, 415/326-1700 (VP Corp. Relations)