EGL, Inc. Awarded $33 Million Military Contract

Apr 03, 2001, 01:00 ET from EGL Eagle Global Logistics

    HOUSTON, April 3 /PRNewswire/ --
 EGL Eagle Global Logistics (Nasdaq: EAGL), today announced that the company
 has been selected to operate a $33 million third-party logistics pilot program
 for the Military Traffic Management Command (MTMC) in three Southeastern
 states.  The contract becomes effective on July 1, 2001 and continues through
 June 30, 2002, and includes two one-year renewable extensions.
     "After reviewing proposals from 12 transportation and logistics companies,
 EGL was awarded the contract based on price and the quality of services
 provided by the company," said Frank Galluzzo, co-director for the MTMC.
     The Department of Defense currently moves its freight via transportation
 offices at different installations.  Within 90 days EGL will begin managing
 the majority of the military's outbound freight shipments from installations
 in Alabama, Florida and Georgia.  In this three-state test region, there are
 28 military transportation offices that handle an estimated 50,000 shipments
 annually.
     "We are very pleased that the MTMC chose our company to test the use of
 third party logistics," stated Joe Bento, President and Chief Marketing
 Officer for EGL Eagle Global Logistics.  "We are confident that our complete
 supply chain capabilities, our emphasis on customer service and our in-transit
 product visibility will reinforce the MTMC's decision to outsource the
 movement of their domestic freight shipments."
     To better service the needs of specialty customers, EGL has refined and
 implemented a variety of dedicated industry groups.  The military and
 government market group supports the development and management of
 transportation and logistics programs to meet the needs of military agencies,
 governmental administrations, civilian agencies, and those businesses that
 provide product for the military and government.
     Houston-based EGL, Inc. operates under the name EGL Eagle Global
 Logistics.  EGL is a leading global transportation, supply chain management
 and information services company dedicated to providing superior flexibility
 and fewer shipping restrictions on a price competitive basis.  Its network of
 almost 400 terminals in 100 countries features advanced information systems
 designed to maximize cargo management efficiency and customer satisfaction.
 With 2000 revenues exceeding $1.8 billion, EGL's services include air and
 ocean freight forwarding, customs brokerage, local pickup and delivery
 service, materials management, warehousing, trade facilitation and
 procurement, and integrated logistics and supply chain management services.
 The company's shares are traded on the Nasdaq National Market under the symbol
 "EAGL".
 
                           FORWARD LOOKING STATEMENTS
     The statements in this press release regarding the expected amount of the
 military contract, the expected time period within which EGL will begin
 providing services under the military contract, the possibility that EGL's
 supply chain capabilities, emphasis on customer service and in-transit product
 visibility will reinforce the MTMC's decision to outsource, and other effects
 of the contract, and any other statements, which are not historical facts, are
 forward looking statements.  Such statements involve risks and uncertainties,
 including, but not limited to, actions by contracting parties, regulatory
 issues, competition, general economic conditions, ability to manage growth,
 risks of international operations, and other factors detailed in EGL's most
 recent Form 10-K and other filings with the Securities and Exchange
 Commission.  Should one or more of these risks or uncertainties materialize,
 or should underlying assumptions prove incorrect, actual outcomes may vary
 materially from those indicated.
 
 

SOURCE EGL Eagle Global Logistics
    HOUSTON, April 3 /PRNewswire/ --
 EGL Eagle Global Logistics (Nasdaq: EAGL), today announced that the company
 has been selected to operate a $33 million third-party logistics pilot program
 for the Military Traffic Management Command (MTMC) in three Southeastern
 states.  The contract becomes effective on July 1, 2001 and continues through
 June 30, 2002, and includes two one-year renewable extensions.
     "After reviewing proposals from 12 transportation and logistics companies,
 EGL was awarded the contract based on price and the quality of services
 provided by the company," said Frank Galluzzo, co-director for the MTMC.
     The Department of Defense currently moves its freight via transportation
 offices at different installations.  Within 90 days EGL will begin managing
 the majority of the military's outbound freight shipments from installations
 in Alabama, Florida and Georgia.  In this three-state test region, there are
 28 military transportation offices that handle an estimated 50,000 shipments
 annually.
     "We are very pleased that the MTMC chose our company to test the use of
 third party logistics," stated Joe Bento, President and Chief Marketing
 Officer for EGL Eagle Global Logistics.  "We are confident that our complete
 supply chain capabilities, our emphasis on customer service and our in-transit
 product visibility will reinforce the MTMC's decision to outsource the
 movement of their domestic freight shipments."
     To better service the needs of specialty customers, EGL has refined and
 implemented a variety of dedicated industry groups.  The military and
 government market group supports the development and management of
 transportation and logistics programs to meet the needs of military agencies,
 governmental administrations, civilian agencies, and those businesses that
 provide product for the military and government.
     Houston-based EGL, Inc. operates under the name EGL Eagle Global
 Logistics.  EGL is a leading global transportation, supply chain management
 and information services company dedicated to providing superior flexibility
 and fewer shipping restrictions on a price competitive basis.  Its network of
 almost 400 terminals in 100 countries features advanced information systems
 designed to maximize cargo management efficiency and customer satisfaction.
 With 2000 revenues exceeding $1.8 billion, EGL's services include air and
 ocean freight forwarding, customs brokerage, local pickup and delivery
 service, materials management, warehousing, trade facilitation and
 procurement, and integrated logistics and supply chain management services.
 The company's shares are traded on the Nasdaq National Market under the symbol
 "EAGL".
 
                           FORWARD LOOKING STATEMENTS
     The statements in this press release regarding the expected amount of the
 military contract, the expected time period within which EGL will begin
 providing services under the military contract, the possibility that EGL's
 supply chain capabilities, emphasis on customer service and in-transit product
 visibility will reinforce the MTMC's decision to outsource, and other effects
 of the contract, and any other statements, which are not historical facts, are
 forward looking statements.  Such statements involve risks and uncertainties,
 including, but not limited to, actions by contracting parties, regulatory
 issues, competition, general economic conditions, ability to manage growth,
 risks of international operations, and other factors detailed in EGL's most
 recent Form 10-K and other filings with the Securities and Exchange
 Commission.  Should one or more of these risks or uncertainties materialize,
 or should underlying assumptions prove incorrect, actual outcomes may vary
 materially from those indicated.
 
 SOURCE  EGL Eagle Global Logistics