USFreightways Completes Freight Forwarding Agreement

    CHICAGO--Oct. 30, 2002--USFreightways Corporation announced today that it has successfully completed the previously announced transaction with GPS Logistics, LLC and Seko Worldwide Acquisition LLC for the acquisition of USF Worldwide Inc. and USF Worldwide Logistics (UK) Ltd., USF's freight forwarding subsidiaries.

    USFreightways provides comprehensive supply chain management services, including high-value next-day, regional and national less-than-truckload (LTL) transportation, logistics, and premium regional and national truckload transportation. For more information, contact the Company at www.usfreightways.com.