Eagle USA Selected as Local Transportation Partner
for Compaq
HOUSTON, Aug. 18 /PRNewswire/ -- Eagle USA Airfreight, Inc. (Nasdaq: EUSA - news), announced today that its
wholly-owned subsidiary, Eagle Freight Services, Inc. has been named the local Houston logistics partner for Houston-based
Compaq Computer Corporation [NYSE:CPQ - news]. Under the expected new three-year contract, Eagle will continue to
serve as Compaq's local dedicated fleet operator responsible for managing various aspects of the local pickup and delivery
operation, including dispatching, equipment, route planning, cost control, information systems management and security.
Under an existing five-year agreement, Eagle continues to act as the primary carrier for Compaq's domestic heavyweight air
freight shipments.
Eagle USA Airfreight's dedication to providing superior flexibility and fewer shipping restrictions on a price competitive basis
has made it a leading provider of airfreight forwarding and other transportation and logistics services. Its network of 68
terminals features state-of-the-art information systems to maximize cargo management efficiency and customer satisfaction. The
Company's shares are traded on the Nasdaq National Market under the symbol ''EUSA.''
The statements in this press release, that include, but are not limited to Eagle's expected contract, and services to be provided
to Compaq and any other statements which are not historical facts are forward looking statements. The level of future services
which may be provided by Eagle USA to Compaq and any impact of such services on Eagle's financial condition and results of
operations is subject to numerous risks and uncertainties including, but not limited to, whether the parties finalize a contract
with respect to their relationship and terms of such contract, the uncertainty of Compaq's selection of Eagle from among
Compaq's several carriers for the transportation of freight, risk and uncertainties relating to Eagle's business, as well as other
factors detailed in Eagle's filings with the Securities and Exchange Commission.
SOURCE: Eagle USA Airfreight, Inc.
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