X0202 4 2006-03-14 0 0000023675 CNF INC CNF 0001330021 Labrie John G 2855 CAMPUS DRIVE, SUITE 300 SAN MATEO CA 94403 0 1 0 0 VP CNF/President CSC Phantom Stock 2006-03-14 4 A 0 3.446 53.39 A Common Stock 3.446 1843.241 D Shares of phantom stock are acquired on a 1-for1 basis either upon an election to convert a stated amount of their existing balance or through the reinvestment of dividend-equivalents under terms of the Deferred Compensation Plan. Phantom stock becomes payable, in cash or common stock, at the discretion of the Compensation Committee, upon the reporting person's termination of employment. By: Gary S. Cullen, Attorney-in-Fact For: John G. Labrie 2006-03-15