CONSOLIDATED FREIGHTWAYS INC
SC 13G/A, 1994-02-10
TRUCKING (NO LOCAL)
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<S>                                                                        <C>                           
                                                                                     OMB APPROVAL        
                                 UNITED STATES                             OMB number:          3235-0145
                       SECURITIES AND EXCHANGE COMMISSION                  Expires:      October 31, 1994
                            WASHINGTON, D.C.  20549                        Estimated average burden      
                                                                           hours per response . . . 14.90
                                                                                                         

                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                                                 
                               (AMENDMENT NO. 3)*
                                                  


                         CONSOLIDATED FREIGHTWAYS INC.
                                (Name of Issuer)

                                     COMMON
                         (Title of Class of Securities)

                                   209237106
                                 (CUSIP Number)

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Check the following box if a fee is being paid with this statement [ ].  (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).





SEC 1745 (2/92)                  Page 1 of 3 pages
<PAGE>   2
CUSIP No. 209237106                      13G                Page 2 OF 3 PAGES


       NAME OF REPORTING PERSON
   1   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       THE CAPITAL GROUP, INC.
       86-0206507

       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   2                                                          (a) [ ]
                                                              (b) [ ]
       SEC USE ONLY
   3

       CITIZENSHIP OR PLACE OF ORGANIZATION
   4
       DELAWARE

                                   SOLE VOTING POWER
                              5
                                      
         NUMBER OF                 221,030
                                       
          SHARES
                                   SHARED VOTING POWER
       BENEFICIALLY           6
                                   NONE
         OWNED BY

           EACH                    SOLE DISPOSITIVE POWER
                              7       
         REPORTING                 2,107,360
                                       
          PERSON
                                   SHARED DISPOSITIVE POWER
           WITH               8
                                   NONE

       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   9
          
       2,107,360  Beneficial ownership disclaimed pursuant to Rule 13d-4
           

       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  10

       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
  11
          
       5.81%
           

       TYPE OF REPORTING PERSON*
  12
       HC


                                            *SEE INSTRUCTION BEFORE FILLING OUT!





                               Page 2 of 3 pages
<PAGE>   3
                                                                       Page 3
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549

                                  Schedule 13G
                   Under the Securities Exchange Act of 1934


                                      
Fee enclosed [ ]  or Amendment No. 3
                                       

Item 1(a)        Name of Issuer:
                 Consolidated Freightways Inc.

Item 1(b)        Address of Issuer's Principal Executive Offices:
                 3240 Hillview Ave.
                 Palo Alto, CA 94303

Item 2(a)        Name of Person(s) Filing:
                 The Capital Group, Inc.

Item 2(b)        Address of Principal Business Office:
                 333 South Hope Street
                 Los Angeles, CA  90071

Item 2(c)        Citizenship:   N/A 

Item 2(d)        Title of Class of Securities:  Common

Item 2(e)        CUSIP Number:  209237106

   
Item 3           The person(s) filing is(are):
    
                 (b)         [ ]         Bank as defined in Section 3(a)(6) of
                                         the Act.
                 (e)         [ ]         Investment Adviser registered under
                                         Section 203 of the Investment Advisers 
                                         Act of 1940.
                 (g)         [x]         Parent Holding Company in accordance
                                         with Section 240.13d-1(b)(1)(ii)(G).

   
Item 4           Ownership
    
                 (a)         Amount Beneficially Owned:
                                                
                             See item 9, pg. 2
                                                 
                                                                    
                 (b)         Percent of Class:  See item 11, pg. 2
                                                                     
                 (c)         Number of shares as to which such person has:
                             i)          sole power to vote or to direct the
                                                                  
                                         vote  See item 5, pg. 2
                                                                   
                             ii)         shared power to vote or to direct the
                                         vote  None
                             iii)        sole power to dispose or to direct the
                                                                            
                                         disposition of  See item 7, pg. 2
                                                                             
                             iv)         shared power to dispose or to direct
                                         the disposition of None - beneficial
                                         ownership disclaimed pursuant to Rule
                                         13d-4

Item 5           Ownership of 5% or Less of a Class:  N/A

Item 6           Ownership of More than 5% on Behalf of Another Person:  N/A

   
Item 7           Identification and Classification of the Subsidiary Which
                 Acquired the Security Being Reported on By the Parent Holding
                 Company

                 (1)         Capital Guardian Trust Company is a Bank as
                             defined in Section 3(a)(6) of the Act and a wholly
                             owned subsidiary of The Capital Group, Inc.
                 (2)         Capital Research and Management Company is an
                             Investment Adviser registered under Section 203 of
                             the Investment Advisers Act of 1940 and is a
                             wholly owned subsidiary of The Capital Group, Inc.
                 (3)         Capital International Limited (CIL) does not fall
                             within any of the categories described in Rule
                             13d-1-(b)(ii)(A-F) but its holdings of any
                             reported securities come within the five percent
                             limitation as set forth in a December 15, 1986
                             no-action letter from the Staff of the Securities
                             and Exchange Commission to The Capital Group, Inc.
                             CIL is a wholly owned subsidiary of The Capital
                             Group, Inc.
                 (4)         Capital International S.A. (CISA) does not fall
                             within any of the categories described in Rule
                             13d-1-(b)(ii)(A-F) but its holdings of any
                             reported securities come within the five percent
                             limitation as set forth in a December 15, 1986
                             no-action letter from the Staff of the Securities
                             and Exchange Commission to The Capital Group, Inc.
                             CISA is a wholly owned subsidiary of The Capital
                             Group, Inc.

Item 8           Identification and Classification of Members of the Group:
                 N/A

Item 9           Notice of Dissolution of the Group:  N/A

   
Item 10          Certification
    

                 By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such securities
and were not acquired in connection with or as a participant in any transaction
having such purpose or effect.

   
                 Signature
    

                 After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

   
Date:  February 11, 1994
    

Signature:       /s/ Philip de Toledo
Name/Title:      Philip de Toledo, Vice President and Treasurer 
                 The Capital Group, Inc. 


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