Vastera Awards Ford's and Visteon's U.S. Customs Brokerage Business to two UPS companies, Fritz and Miles

    DULLES, Va.--July 24, 2001--Vastera, Inc. , the leading provider of solutions for Global Trade Management today announced that it has awarded Ford Motor Company's and Visteon Corporation's U.S. air - ocean and U.S. - Mexico customs clearance processing business to Fritz and The Miles Group, respectively.
    Fritz and Miles are both part of the UPS freight forwarding and customs brokerage business unit.
    As a part of its global trade managed services contract with Ford and Visteon, Vastera has responsibility for selecting and managing Ford's and Visteon's extended global trade partners across North America, including customs brokers. After an exhaustive analysis of service providers, Vastera selected Fritz and The Miles Group.
    Fritz and The Miles Group will facilitate Ford's and Visteon's customs clearance for automotive parts, sub assemblies and finished vehicles that move into the U.S. from abroad. Fritz will facilitate the air and ocean entries, while The Miles Group will facilitate entries coming into the U.S. from Mexico.
    Specific responsibilities will include the release of goods, coordination of inspections, completion of entry summaries, and maintenance of entry information for audit purposes.
    "Effectively managing the global trade operations of two of the largest, most successful automotive companies in the world requires close collaboration and cooperation among all of the extended trading partners," said Mark Ferrer, President and COO of Vastera.
    "We believe we have found in Fritz and The Miles Group partners that understand the value our mutual clients can realize by leveraging each of our strengths in a synchronized fashion."
    "We are very pleased with the way Vastera has managed the transition of our brokerage business," said Frank Taylor, Vice President of Material Planning and Logistics at Ford. "The transition to Fritz and to The Miles Group has been very successful and we anticipate even more improvements in the future."

    About Fritz, A UPS Company

    Fritz offers a complete portfolio of global freight solutions, including transportation, trade management and materials management. Based in San Francisco, the Fritz network includes 10,000 employees working in more than 400 locations in 120 countries. Visit www.fritz.com for details on Fritz's services. Fritz is a wholly owned subsidiary of UPS.

    About The Miles Group, A UPS Company

    The Miles Group is a leading provider of customs brokerage services, specializing in trade between Mexico and the U.S. The Miles Group was founded in 1963 and became a wholly owned subsidiary of UPS in 2001.

    About Vastera

    Vastera is the leading provider of solutions for Global Trade Management. Its solutions including software, trade management consulting and managed services, are designed to streamline global business. The foundation of these solutions is Global eContent, a comprehensive, rules-based application of country-specific trade and regulatory content, which is updated daily.
    Vastera's solutions drive quick, tangible benefits for its clients by accelerating the flow of goods through the global supply chain, and reducing the associated operational costs. Vastera clients include: Ford, Visteon, Alcatel, Dell, Microsoft, Sun Microsystems, New Zealand Dairy Board and Nortel Networks. For more information, please visit www.vastera.com.

    This press release includes statements, which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
    Statements in this press release that are not strictly historical are "forward looking" statements which are subject to the many risks and uncertainties that exist in Vastera's operations and business environment.
    These risks and uncertainties may cause actual results to differ materially from the expected results and include, but are not limited to, Vastera's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to successfully implement Vastera's expansion plans, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in Vastera's Registration Statement on Form S-1, as amended, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.