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) July 24, 2000
USFREIGHTWAYS CORPORATION
Delaware 0-19791 36-3790696
(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
8550 West Bryn Mawr Avenue, Chicago Illinois 60631
____________________________________________ _____
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (773) 824-1000
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.
<PAGE>
Item 5. Other Events.
On July 24, 2000, USFreightways Corporation announced that its
Board of Directors authorized a stock repurchase program of up
to 1,000,000 shares of its common stock. This is in addition
to the 500,000 shares of common stock authorized for
repurchase on June 7, 2000. That program has been completed.
Item 7. Exhibits.
Exhibit 99 News Releases, dated July 24, 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: July 25, 2000
<PAGE>
EXHIBIT 99
News Release
[GRAPHIC OMITTED]
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
JULY 24, 2000 CHRIS ELLIS (773) 824-2205
USFreightways Corporation Announces Stock Buyback
Chicago, Ill... USFreightways Corporation (NASDAQ: USFC) announced today that
its Board of Directors has authorized the repurchase of up to 1,000,000 shares
of its Common Stock, from time to time, commencing July 24th, in either public
market or private transactions. A stock buyback authorized on June 7, 2000 for
the repurchase of 500,000 shares has been completed. The Company currently has
approximately 26.3 million shares outstanding.
The share repurchase program does not include specific price targets or
timetables and may be suspended at any time. Depending on financial and market
conditions, the program could be terminated prior to completion.
USFreightways 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.
