Is this the perfect moment for Con-way to steer itself into the busy M&A arena?

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Merger and acquisition (M&A) activity goes in cycles, and the current spate is due neither to loose credit conditions nor executives’ big egos – rather, it’s M&A of necessity.

And while the topic remains hot, it is always interesting to wonder who may be next on the auction block: this week’s target tip is US freight and logistics firm Con-way – and not only because of uninspiring, mixed quarterly figures, released yesterday.

In short, it slightly missed estimates from analysts. Freight revenues ...