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DALLAS, TEXAS, July 13, 2000 - Transplace.com announced today that its
operations commenced as scheduled on July 1, 2000. The internet-based logistics
business is commonly owned by Covenant Transport, Inc. (Nasdaq:CVTI); J. B. Hunt
Transport Services, Inc. (Nasdaq:JBHT); M. S. Carriers, Inc. (Nasdaq:MSCA);
Swift Transportation Co., Inc. (Nasdaq:SWFT); U. S. Xpress Enterprises, Inc.
(Nasdaq:XPRSA), and Werner Enterprises, Inc. (Nasdaq:WERN). All the six founding
carriers completed the conversion of their logistics businesses to
Transplace.com effective July 1, 2000.
As previously announced, Transplace.com offers a web-enabled platform to bring
together shippers and carriers worldwide to collaborate on their transportation
logistics planning and execution in the most efficient and effective manner. It
provides the shipping public easy access to virtually unlimited transportation
capacity with operational efficiency unmatched by any single shipper or carrier.
It also provides carriers combined purchasing power for fuel, equipment,
maintenance and repair parts, insurance, and many other services. Dr. Jun-Sheng
Li, Chairman, President and Chief Executive Officer said, "we are pleased with
the smooth integration and transition of the operations, and are now well
positioned to provide the full spectrum of services to our shippers and
carriers".
SAFE HARBOR DISCLAIMER: Certain statements contained herein constitute
forward-looking statements within the meaning of Section 27A of the Securities
Act and Section 21E of the Exchange Act. Forward-looking statements are
typically identified by the words believe, expect, anticipate, intend, estimate,
and similar expressions or words such as will, which by their nature refer to
future events.
The Companies caution investors that forward-looking statements made by the
Companies are not guarantees of future performance, and that the actual results
may differ materially from those in the forward-looking statements as a result
of various factors, including but not limited to, the Companies' ability to be
able to continue their substantial projected growth, or be able to fully
implement their business strategies, or that management will be able to
successfully integrate the operations of their various acquisitions.
Contact: Jun-Sheng Li
Chairman, President and Chief Executive Officer
(501) 820-0000
