SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 16, 1999
USFREIGHTWAYS CORPORATION
Delaware 0-19791 36-3790696
(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
9700 Higgins Road, Rosemont, Illinois 60018
(Address of principal executive offices) (Zip Code)
Registrant's telephone number
including area code: (847) 696-0200
Not applicable
(Former name of former address, if changed since the last report)
The Exhibit Index is located on Page 2. This Report contains 3 pages.
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Item 5. Other Events.
On June 16, 1999, USFreightways Corporation announced that it
expected second quarter earnings to exceed 90 cents per
diluted share.
Item 7. Exhibits.
Exhibit 99 News Release, dated June 16, 1999.
Page 2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this Current Report to be signed on its
behalf by the undersigned hereunto duly authorized.
USFREIGHTWAYS CORPORATION
By: /s/Christopher L. Ellis
Christopher L. Ellis
Senior Vice President, Finance and
Chief Financial Officer
Date: June 17, 1999
EXHIBIT 99
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION CONTACT: CHRIS ELLIS
Wednesday, June 16, 1999
847.692.0205
USFreightways Expects Record Earnings
Rosemont, Ill...USFreightways Corporation (NASDAQ:USFC) reported it
expects net earnings for the second quarter which will end July 3, 1999 will
equal or exceed 90 cents per diluted share. The analysts' consensus estimate is
79 cents per diluted share with a range of 76 to 82 cents per share.
Cam Carruth, Chairman and CEO of USFreightways, commented, "We believe
that the record revenue and earnings achieved in April, May and the first two
weeks in June will continue for the balance of the quarter. All of our business
units - regional LTL, logistics, freight forwarding and truckload have shown
improvement over the same period of last year. In particular, USF Holland, USF
Reddaway and USF Logistics have recorded results exceeding original forecasts."
USFreightways (NASDAQ: USFC) provides comprehensive supply chain management
services, including high-value, regional less-than-truckload (LTL)
transportation, logistics, domestic and international freight forwarding and
premium regional and national truckload transportation. For more information,
contact the Company at www.usfreightways.com.
This release contains forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to differ
materially. These risks and uncertainties are detailed from time to time in
reports filed by the Company with the Securities and Exchange Commission
including forms 8K, 10Q and 10K.
