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USFreightways Corporation Announces Stock Buyback

24 July 2000

USFreightways Corporation Announces Stock Buyback

    CHICAGO - USFreightways Corporation announced today that its Board of Directors has authorized the repurchase of up to 1,000,000 shares of its Common Stock, from time to time, commencing July 24th, in either public market or private transactions. A stock buyback authorized on June 7, 2000 for the repurchase of 500,000 shares has been completed. The Company currently has approximately 26.3 million shares outstanding.

    The share repurchase program does not include specific price targets or timetables and may be suspended at any time. Depending on financial and market conditions, the program could be terminated prior to completion.

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