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Axis Group Acquires Logistics Services Company

1 March 2000

Allied Holdings' Subsidiary, Axis Group, Acquires Logistics Services Company

    DECATUR, Ga., March 1 -- Allied Holdings, Inc.
today announced that its wholly owned subsidiary, Axis Group, acquired
CT Group, Inc., a Michigan-based holding company which owns CT Services and
Cordin Transport. Terms of the transaction were not disclosed.
    The CT Group provides a variety of logistics services to the pre-owned
vehicle market and is best known for its vehicle inspection programs.  Through
the CT Services subsidiary, the company provides custom inspection services
for:  vehicles returned after lease terms; rental cars returned under
manufacturer programs; and other pre-owned vehicles requiring inspection prior
to wholesale auction.  These customized services and proprietary electronic
notepad inspection tools have earned CT Services well-deserved market
recognition for both customer service and value.
    Primarily through Cordin Transport, the CT Group also provides
transportation services for inspection customers.  The services include:
driveaway and haulaway, rail loading and yard management, as well as both
motor and rail carrier management.  Finally, the subsidiaries support their
inspection customers through administrative services such as vehicle titling
and insurance claims processing.
    Axis acquired CT Group from Robert and Mark Chambers who owned and
operated the business since the mid-1980s.  The Chambers will remain as
members of management of the business in charge of day-to-day activities.
    Commenting on the acquisition, Randall E. West, President and Chief
Operating Officer of Allied Holdings, said, "Bob and Mark Chambers and their
associates have established CT Services as the industry leader in the pre-
owned vehicle inspection arena.  We do not expect to change their business,
but do hope to learn from them and then help them grow."  West continued,
"This acquisition supports our strategy to build value-added capabilities for
the finished vehicle supply chain.  As well, it reinforces our leadership as
the most capable and successful provider of automotive logistics services in
the world."
    Allied Holdings, Inc. is the parent of several subsidiaries engaged in
providing logistics, distribution and transportation services to the
automotive industry.  The services of Allied's subsidiaries span the entire
finished vehicle distribution continuum, and include logistics, car hauling,
intramodal transport, accessorization, and dealer prep.  Allied, through its
subsidiaries, is the largest company in North America specializing I the
delivery of new and used vehicles.
    Statements in this press release that are not strictly historical are
"forward-looking" statements.  Investors are cautioned that such statements
are subject to certain risks and uncertainties that could cause actual results
to differ materially.  Investors are urged to carefully review and consider
the various disclosures made by the Company in this press release and in the
Company's reports filed with the Securities and Exchange Commission.