USF Worldwide China Ltd. Receives Class A License from the Chinese Ministry of Foreign Trade and Economic Cooperation

    ITASCA, Ill.--May 24, 2001--USF Worldwide, the global freight forwarding unit of USFreightways, announced that its USF Asia Group received its Class A operating authority from the Chinese Ministry of Foreign Trade and Economic Cooperation (MOFTEC) for its China subsidiary, USF Worldwide China, Ltd.
    "The scope of the Class A license in China puts us in a distinct group of global forwarders," explains John Gallahan, President and Chief Executive Officer of USF Worldwide. "We are serious about helping our customers' meet their global logistics needs. The ability for USF Worldwide China to receive its Chinese Class A license in less than two years since opening offices in Asia exemplifies the depth of knowledge, respect and strong relationships the management team has in China."
    Peter T.C. Chow, CEO and President of USF Asia Group, Ltd., commented, "The Class A license elevates the Company's China operations and service capabilities to a new level, which allows us to better serve our growing base of global customers."
    The Class A license gives USF Worldwide China the right to conduct international air and ocean forwarding operations, for both import and export cargo in China. The license gives USF Worldwide the authority to issue invoices and transact business with its own personnel in China and deal directly with the air and ocean carriers. It also allows USF Worldwide to provide additional services including cargo solicitation, booking space, settlement of transportation expenses, warehousing, cargo transfer, loading and unloading of containers, customs declaration, insurance and related short-distance freight services and consulting business.

    USF Asia operates 23 offices in 10 countries in Asia. The Company's China headquarters is in Shanghai with offices in Qingdao, Beijing, Tianjin, Hangzhou, Changzhou and Nanjing.

    USF Worldwide provides domestic and international air freight forwarding for its customers, which includes domestic services to points throughout the U.S., import and export air and ocean services, customs house brokerage, and value-added logistic services.

    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.