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/C O R R E C T I O N -- CONSOLIDATED FREIGHTWAYS/

 In SJ004, "Consolidated Freightways Reports Second Quarter Net Income," moved earlier today, there were two corrections. Please disregard correction SJ004B. The complete, corrected version of the financial tables follows.
 CONSOLIDATED FREIGHTWAYS INC. AND SUBSIDIARIES
 Condensed Statements of Consolidated Operations
 (Dollars in thousands except per-share amounts)
 Three Months Ended
 June 30,
 1993 1992 (A)
 Revenues
 CF MotorFreight $ 523,919 $ 545,078
 Con-Way Transportation
 Services 198,933 181,604
 Emery Worldwide 297,372 276,085
 Total $ 1,020,224 $ 1,002,767
 Operating Income (Loss)
 CF MotorFreight $ 6,393 $ 12,634
 Con-Way Transportation Services 18,469 14,799
 Emery Worldwide 453 (11,227)
 Total 25,315 16,206
 Other Expense, Net (8,378) (10,918)
 Income before income taxes
 (benefits) and extraordinary
 charge 16,937 5,288
 Income taxes (benefits) 8,545 (4,510)
 Net Income Before Extraordinary
 Charge 8,392 9,798
 Extraordinary charge from early
 retirement of debt, net of
 related income tax benefits
 of $4,561 -- 7,428
 Net Income 8,392 2,370
 Preferred Stock Dividends 4,747 4,865
 Net Income (Loss) Applicable to
 Common Stock $ 3,645 $ (2,495)
 Average Common Shares Outstanding 35,402,458 35,199,600
 Primary Earnings (Loss) Per
 Common Share:
 Income before extraordinary charge $ 0.10 $ 0.14
 Extraordinary charge -- (0.21)
 Net income (loss) $ 0.10 $ (0.07)
 Fully Diluted Earnings (Loss)
 Per Common share:
 Income before extraordinary charge $ 0.09 $ 0.13
 Extraordinary charge $ -- $ (0.19)
 Net income (loss) $ 0.09 $ (0.06)
 (A) Restated for the prospective adoption, effective Jan. 1, 1992, of SFAS No. 109 and SFAS No. 106 in the second and fourth quarters, respectively.
 CONSOLIDATED FREIGHTWAYS INC. AND SUBSIDIARIES
 Condensed Statements of Consolidated Operations
 (Dollars in thousands except per-share amounts)
 Six Months Ended
 June 30,
 1993 1992 (A)
 Revenues
 CF MotorFreight $ 1,044,081 $ 1,084,731
 Con-Way Transportation
 Services 386,900 355,498
 Emery Worldwide 582,224 553,165
 Total $ 2,013,205 $ 1,993,394
 Operating Income (Loss)
 CF MotorFreight $ 16,510 $ 27,748
 Con-Way Transportation Services 34,379 28,187
 Emery Worldwide (4,224) (28,636)
 Total 46,665 27,299
 Other Expense, Net (14,247) (23,663)
 Income before income taxes
 (benefits), extraordinary charge
 and cumulative effective of
 accounting change 32,418 3,636
 Income taxes (benefits) 15,758 (5,343)
 Net Income Before Extraordinary
 Charge And Cumulative Effect of
 Accounting Change 16,660 8,979
 Extraordinary charge from early
 retirement of debt, net of
 related income tax benefits
 of $4,561 -- 7,428
 Cumulative effect of change in
 method of accounting for post
 retirement benefits, net of
 related income tax benefits
 of $42,899 -- 69,991
 Net Income (Loss) 16,660 (68,440)
 Preferred Stock Dividends 9,496 7,395
 Net Income (Loss) Applicable to
 Common Stock $ 7,164 $ (75,835)
 Average Common Shares Outstanding 35,381,427 35,165,090
 Primary Earnings (Loss) Per
 Common Share:
 Income before extraordinary charge
 and cumulative effect of accounting
 change $ 0.20 $ 0.04
 Extraordinary charge -- (0.21)
 Cumulative effect of accounting
 change -- (1.99)
 Net income (loss) $ 0.20 $ (2.16)
 Fully Diluted Earnings (Loss)
 Per Common share:
 Income before extraordinary charge
 and cumulative effect of accounting
 change $ 0.18 $ 0.04
 Extraordinary charge $ -- $ (0.19)
 Cumulative effect of accounting
 change -- (1.75)
 Net income (loss) $ 0.18 $ (1.90)
 (A) Restated for the prospective adoption, effective Jan. 1, 1992, of SFAS No. 109 and SFAS No. 106 in the second and fourth quarters, respectively.
 -0- 7/20/93 C SJ004
 /PRNewswire -- July 20/


CO: Consolidated Freightways; CF Motorfreight; Emery Worldwide ST: California IN: TRN SU: ERN

TM -- SJ004C -- 3688 07/20/93 20:45 EDT
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Date:Jul 20, 1993
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