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Axis Group Announces Entry Into Canadian Remarketed Vehicle Market

22 June 1999

Allied Holdings' Axis Group Announces Entry Into Canadian Remarketed Vehicle Market

    DECATUR, Ga., June 21 -- Allied Holdings, Inc.
announced today that its wholly owned subsidiary, Axis Group, Inc., has
acquired four vehicle-remarketing centers in Canada from GE Capital Fleet
Services.  At the same time, Axis entered into a four-year agreement to
process GE Capital Fleet Services' off-lease vehicles at these same
facilities.  This is Axis' first entry into the Canadian market.
    Axis purchased the assets and will continue to operate the vehicle
remarketing centers located in Montreal, Toronto, Calgary and Vancouver.  At
these centers, off-lease vehicles are reconditioned for resale through closed
auctions to licensed auto dealers serving the geographic area around each
facility.
    "These vehicle remarketing centers offer an alternative to off-lease
vehicle disposition via traditional auctions for our customers," said Randall
E. West, president of Axis Group.  "We believe that we can provide higher
resale value and faster cycle times for customers and focus on the specific
needs of each customer.  Our plans are to use the existing capacity of these
facilities to expand this service to other vehicle lessors in Canada."
    Allied Holdings, Inc. is the parent Company of several subsidiaries
engaged in automotive distribution.  Allied Automotive Group (AAG), through
its subsidiaries, is the largest motor carrier in North America specializing
in the delivery of automobiles and light trucks.  AAG transports automobiles
and light trucks for all major domestic and foreign manufacturers primarily
from manufacturing plants, rail ramps, ports and auctions to automobile
dealers throughout the United States and Canada.  Axis Group, Inc., through
its subsidiaries, provides logistics solutions to the United States and
international automotive markets.  Axis utilizes innovative methods of
distribution, as well as traditional and emerging technologies, to help
customers solve complex transportation, inventory and logistics problems.