Exhibit 99.1
[TRANSPLACE.COM LOGO APPEARS HERE]
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
