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EXHIBIT 99.4
[LETTERHEAD OF DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION]
CONSENT OF DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION
EGL, Inc.
15350 Vickery Drive
Houston, Texas 77032
We hereby consent to (i) the inclusion of our opinion letter, dated
July 2, 2000, to the Board of Directors of EGL, Inc. ("EGL") as Annex G to the
joint proxy statement/prospectus of EGL and Circle International Group, Inc.
("Circle") relating to the merger of a newly formed, wholly owned subsidiary of
EGL with and into Circle, and (ii) all references to Donaldson, Lufkin &
Jenrette Securities Corporation in the sections captioned "SUMMARY--Opinion of
EGL's Financial Advisor," "THE MERGER--Background of the Merger," "--EGL's
Reasons for the Merger" and "--Opinion of EGL's Financial Advisor" of the joint
proxy statement/prospectus of EGL and Circle which forms a part of this
Registration Statement on Form S-4. In giving such consent, we do not admit that
we come within the category of persons whose consent is required under, and we
do not admit that we are "experts" for purposes of, the Securities Act of 1933,
as amended, and the rules and regulations promulgated thereunder.
DONALDSON, LUFKIN & JENRETTE
SECURITIES CORPORATION
By: /s/ Jeff Singer
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Name: Jeff Singer
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Title: Vice President
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Dallas, Texas
July 26, 2000
