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) January 18, 2000
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 4 pages.
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Item 5. Other Events.
On January 18, 2000, USFreightways Corporation announced that
it had entered into an agreement to acquire Transport
Corporation of America, Inc.
Item 7. Exhibits.
Exhibit 99 News Release, dated January 18, 2000.
<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: January 20, 2000
<PAGE>
EXHIBIT 99
News Release
[GRAPHIC OMITTED]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
Tuesday, January 18, 2000 CHRIS ELLIS 847.692.0205
USFreightways Enters Agreement to Acquire Transport Corporation of America
Rosemont, Ill ... USFreightways Corporation ("Freightways") announced today that
it had entered into an agreement providing for the merger of Transport
Corporation of America, Inc. ("Transport") into a wholly-owned subsidiary of
Freightways. In this stock-for-stock transaction, shareholders of Transport will
receive approximately .412 shares of Freightways common stock for each share of
Transport stock held, and this exchange will result in the issuance of
approximately 3,435,000 shares of Freightways common stock, based on shares
currently outstanding. The transaction, to be accounted for on a "pooling of
interests" accounting basis, is subject to certain regulatory approvals and
approval of the shareholders of Transport.
Cam Carruth, Chairman and Chief Executive Officer of Freightways said, "The
acquisition of Transport is consistent with our overall strategy of expanding
our presence in the truckload market through growth oriented acquisitions.
Transport will operate as a separate subsidiary of Freightways under the
direction of Robert Meyers, President and Chief Executive Officer. Transport
will add significant capability to our truckload resources and will benefit
customers of both Freightways and Transport. When the acquisition is
consummated, Freightways' trucking subsidiaries will rank among the top ten
publicly traded truckload carriers."
Robert J. Meyers, President and CEO of Transport said, "We are excited to have
the opportunity to become part of Freightways. Freightways is the leader in
supply chain management, logistics and regional LTL operations. Transport is the
leader in high-service and dedicated truckload transportation. Together we can
offer our customers a wider range of services, our employees expanded
opportunities and our shareholders enhanced value."
Transport, based in the Minneapolis-St. Paul metropolitan area, provides a wide
range of truckload freight carriage and logistics services to customers in the
United States and Canada. Transport operates over 1,250 company tractors, 820
independent contractor tractors and over 6,500 trailers. Transport focuses on
providing time-definite and other responsive services through its team of
dedicated and committed employees supported by state-of-the-art technology and
strategically located service centers to support regional and dedicated
operations.
Freightways (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.
