Sam Skinner Elected President and CEO of USFreightways Corporation

6 June 2000

Sam Skinner Elected President and CEO of USFreightways Corporation

    CHICAGO - Cam Carruth, Chairman of USFreightways Corporation announced today that the Board of Directors has elected Samuel K. Skinner to succeed him as President and Chief Executive Officer. Carruth, who has served as CEO since 1985, also indicated that he will continue as Chairman until December 31, 2000 - at which time Mr. Skinner will also become Chairman.

    Cam Carruth said, "We are indeed fortunate to have a man of Sam Skinner's caliber and experience to lead USFreightways in becoming a leader in domestic and global supply chain management. I look forward to working with Sam and to assist him in his new responsibilities."

    Mr. Skinner said, "Cam Carruth, through his outstanding leadership, has positioned the company to be the premier transportation and full-service logistics provider to businesses throughout the world." Mr. Skinner also said that he is excited about the opportunity to lead the company as it continues to provide outstanding service to its customers in the new exciting e-commerce environment.

    Mr. Skinner has enjoyed an outstanding legal and business career. He joined Hopkins & Sutter as Co-Chairman in 1998. Skinner served as Secretary of Transportation (1989-1991) and as Chief of Staff to President George Bush (1991-1992). As Secretary of Transportation, Mr. Skinner served as CEO of the Department of Transportation and developed and implemented President Bush's National Transportation Policy. He successfully led the effort to pass landmark aviation and surface transportation legislation. Mr. Skinner was also responsible for liberalizing U.S. international aviation policy through the enactment of the "Open Skies Policy."

    He also served as President of Commonwealth Edison Company from 1993 to 1998. It was under his tenure that the state's largest public utility company developed a multi-pronged strategy to deal with deregulation in the industry as well as a market focused approach to the changing nature of its energy generation, transmission and distribution businesses.

    Mr. Skinner will be located at the Company's Headquarters in Chicago and is expected to commence his new responsibilities early in July.

    USFreightways provides comprehensive supply chain management services, including high-value, regional less-than-truckload (LTL) transportation, logistics, domestic and international freight forwarding and premium regional and national truckload transportation.