Global Logistics Acquisition Corporation Announces Initial Public Offering

NEW YORK--Feb. 2, 20062, 2006--Global Logistics Acquisition Corporation announced today that it has completed its $80 million initial public offering. BB&T Capital Markets, a division of Scott & Stringfellow, Inc. and a leading transportation-oriented investment bank, served as lead underwriter.

Global Logistics (AMEX: GLA.U)*, a publicly-traded acquisition corporation, is focused solely on making investments in privately held transportation and logistics companies. Through the use of its trust proceeds and equity capitalization, Global Logistics can deliver a wide range of investment and liquidity solutions to select companies that meet its investment criteria.

The management team at Global Logistics has more than 125 years of combined operating experience in the transportation and logistics sector. President and CEO Gregory Burns, a Chartered Financial Analyst, has more than 15 years of transportation and capital markets experience, focused on the logistics industry. Chairman of the Board James J. Martell has more than 30 years of experience in successfully managing and growing companies such as SmartMail Services, Inc., UTi Worldwide , and FedEx Corporation .

President Burns, noting the extensive operating experience of the team members stated, "We are excited to bring together a leading group of logistics executives with a flexible pool of capital, and apply these resources to a dynamic and growing industry."

Directors Ed Cook, Don McInnes, and Maurice Levy have extensive senior management-level experience at publicly-traded Forward Air , Burlington Northern Santa Fe , and FedEx Corporation.

Please visit www.glacteam.com for more information.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus, copies of which may be obtained, when available, from BB&T Capital Markets, a division of Scott & Stringfellow, Inc., 909 East Main Street, Richmond, VA 23219.

This press release may contain certain forward-looking statements including statements with regard to the future performance of the Company. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties that are detailed in the Company's Prospectus and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

* Global Logistics Acquisition Corporation units may be found on www.yahoo.com under the symbol GLA-U and on www.bloomberg.com under the symbol GLA/U.