CFI Names New President

4 May 2000

CFI Names New President

    JOPLIN, Mo.--May 4, 2000--The board of directors of CFI, a privately-held international truckload carrier based in Joplin, Missouri, is pleased to announce that Herbert J. Schmidt has been appointed President, effective May 1, 2000.
    Mr. Schmidt most recently served as Senior Vice President of Sales & Marketing. He joined the company in 1984 and has served as Vice President of Safety, Vice President of Administration and Senior Vice President Operations. Prior to CFI, Mr. Schmidt worked with United Parcel Service in operations and industrial engineering. He graduated summa cum laude from Missouri Southern State College in 1977.
    Commenting on the new appointment, Glenn F. Brown, Chairman and CEO, said, "Schmidt has the extensive experience and excellent track record to assume a more significant role. I'm confident in his ability to lead and provide growth for CFI." Glenn F. Brown, who has served as Chairman & President since 1998, retains the title of Chairman & CEO
    CFI, founded in 1951, operates over 2000 tractors and over 6000 trailers and transports a variety of goods throughout the contiguous United States and Canada. CFI interlines with Mexican carriers at various border crossings to provide through-trailer service to Mexico. In addition to its Joplin headquarters, CFI operates eight terminals and 37 sales offices throughout North America and employs more than 2900 people. The driver fleet is comprised of both company drivers and independent contractors. CFI NetLink can be found on the Internet at http://www.cfi-us.com . CFI's Spanish site is located at http://www.cfi-mx.com .