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): August 13, 1998
CONSOLIDATED FREIGHTWAYS CORPORATION
Commission File Number 1-12149
Incorporated in the State of Delaware
I.R.S. Employer Identification No. 77-0425334
175 Linfield Drive, Menlo Park, CA 94025
Telephone Number (650) 326-1700
Item 5. Other Events
On August 13, 1998, Consolidated Freightways Corporation
(the Company) announced that its Board of Directors authorized
the repurchase of up to $25 million of the Company's outstanding
common stock.
Management is authorized to repurchase shares from time to
time in open market transactions or in privately negotiated
transactions, based on market conditions. The repurchased
shares will be available for stock compensation plans and general
corporate purposes. The Company currently has 23,048,754 shares
of common stock outstanding.
SIGNATURE
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.
Consolidated Freightways Corporation
(Registrant)
August 20, 1998 /s/Stephen D. Richards
Stephen D. Richards
Senior Vice President and General
Counsel
