TruckersCo-op.com Concludes Lodging Agreements
2 March 2000
TruckersCo-op.com Concludes Lodging Agreements With Several National Motel Chains; 17,002 Member Trucks Now Enrolled In TruckersCo-op.com
INDIANAPOLIS--March 1, 2000--Celadon's TruckersCo-op.com today announced it has reached agreement with seven of the nation's top hotel chains.This agreement will enable TruckersCo-op.com members to obtain overnight lodging at special rates at the following motels across the United States and Canada:
| -- | Days Inn - 1,873 locations |
| -- | Ramada - 1,040 locations |
| -- | Travelodge - 573 locations |
| -- | Howard Johnson - 490 locations |
| -- | Red Roof Inn - 333 locations |
| -- | Knights Inn - 236 locations |
| -- | Wingate - 77 locations |
Dan Frieden, VP Vendor Relations for TruckersCo-op.com said: "The addition of these lodging options to the TruckersCo-op.com network is a major step in providing comprehensive services to our members prior to the opening of the Web site on March 9, 2000. Lodging is a major expense for truck lines, and we're pleased that our network has been able to offer our members a choice of many of the motel chains that have traditionally been used by the trucking industry."
Celadon's TruckersCo-op.com web site will provide cost benefits for thousands of truck owners in such areas as fuel, tires, parts, calling cards, insurance, trailer leasing, credit cards, truck financing and truck washes. Further, the company noted that already over 17,000 trucks have signed up as members.
The discussion set forth above as well as oral statements made by officers of the company relating thereto, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such comments are based upon information currently available to management and management's perception thereof as of the date of this press release. Actual results of the company's operations could materially differ from those forward looking statements. Such differences could be caused by a number of factors including, but not limited to, potential adverse affects of regulation; changes in competition and the effects of such changes; increased competition; change in fuel prices; changes in economic, political or regulatory environments; changes in the availability of a stable labor force; ability of the company to hire drivers meeting company standards; changes in management strategies; environmental or tax matters; and risks described from time to time in reports filed by the company with the Securities and Exchange Commission. Readers should take these factors into account in evaluating any such forward looking statements.