Roadway Enters Into Agreement for the Sale of Arnold's Logistics Operations

    AKRON, Ohio--Oct. 17, 2001--Roadway Corporation announced today that it entered into a definitive agreement with E. H. Arnold, Chief Executive Officer of Arnold Industries, Inc., and Arnold Logistics, Inc. for the sale of Arnold Industries' logistics operations to E. H. Arnold and Arnold Logistics, Inc. for $105 million in cash. The transaction is subject to regulatory approval and the completion of Roadway's acquisition of Arnold Industries.
    Note: While most of the information provided herein is historical, some of the comments made are forward-looking statements. Roadway Corporation's actual performance may differ from that forecast as a result of variable factors such as the state of the national economy, capacity and rate levels in the motor freight industry, fuel prices, the success of the Company's operating plans as well as the Company's consummation of its pending acquisition of Arnold Industries, Inc., and uncertainties concerning the impact recent terrorist activities may have on the economy. These forward-looking statements reflect management's analysis only as of the date of this release. Roadway Corporation undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. In addition to the disclosure contained herein, readers should carefully review risks and uncertainties contained in other documents Roadway Corporation files from time to time with the Securities and Exchange Commission.