USF Worldwide's Asia Group Appoints Financial Director

    ITASCA, Ill.--June 11, 2001--USF Worldwide, the global freight forwarding subsidiary of USFreightways, announced the appointment of Montague Tang as Director, Group Financial Control, for USF Asia Group, the company's Asia forwarding operations. Tang joins USF Asia Group with over 20 years of accounting experience with Buyers Consolidators/Sea Land. He spent the past five years as General Manager, Finance and Administration where he directed and supervised all financial activities for the Sea-Land Logistics Group of Companies, with operations in 17 countries throughout Asia and Europe.
    As Director, Group Financial Control, Tang will be responsible for leading the overall financial plans and accounting practices of USF Asia Group. He will oversee treasury, accounting, budget, tax and audit activities of the Asia operations and offices.
    Peter T.C. Chow, USF Asia Group President/CEO stated, "We are extremely pleased to have an individual of Tang's caliber on our team. He will provide us with the talent and experience we need to help manage the financial aspect of our business."

    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.