NEW YORK, Sept. 14 (Reuters) – US trucking and logistics concern Con-way Inc. , is adding to its market share amid industry turmoil, and is starting to see a stabilization in weak pricing, the company's chief executive officer said.

In August the company grew tonnage per day handled by its less-than-truckload (LTL) unit by 4 percent year-over-year, and that pattern has continued into September, said Con-Way CEO Doug Stotlar in an interview with Reuters on the sidelines of an investor conference.

''We've grown the company nicely during the second quarter and third quarter,'' Stotlar said.

The gains at San Mateo, California-based Con-way come as the LTL industry is struggling generally with overcapacity and weak pricing power, and as the industry's top market share holder, YRC Worldwide Inc , is slashing costs to stave off bankruptcy.

Stotlar said amid the turmoil, Con-way, which operates in 18 countries across five continents and has about $5 billion in annual revenues, has lowered its prices significantly to attract new customers – including targeting some customers of YRC, which has had about 20 percent of the LTL market.

LTL truckers consolidate smaller loads into a single truck, and LTL shippers account for around 13.6 percent of America's trucking sector, with the rest dominated by the highly fragmented truckload – or long-haul – market.

''We have been a little more aggressively priced than we historically have,'' said Stotlar. ''We've captured some market share because of that.''

The company estimates its market share at 12 percent, up from 10 percent a year ago.

Stotlar said aside from the strategic pricing cuts made at Con-way, overall he sees the pricing environment in the industry stabilizing now after an extended period of decline, driven down by excess capacity and weak demand.

Con-way's gains come after a year of significant adjustments that included the shuttering of 40 locations out of 330, a cut in wages and benefits for employees, and a dramatic cutback in capital expenditures from more than $200 million to about $60 million in 2009.

The company plans to push its capital spending back up to possibly more than $200 million in 2010, however, according to Stotlar.

In addition to its LTL business, Con-Way provides full truckload and intermodal freight transportation, as well as logistics, warehousing and supply chain management services.