HOUSTON, Jan. 7 /PRNewswire/ -- Eagle USA Airfreight, Inc. (Nasdaq: EUSA),
the USA's largest and fastest-growing domestic heavyweight air freight
forwarder, announced today that it finalized its previously announced
acquisition of Fastair Cargo Systems Ltd. (Fastair) and Commercial Transport
International (Canada) Ltd. (CTI Canada). Together, Fastair and CTI Canada
make up one of Canada's largest and fastest growing domestic and international
heavyweight air and sea freight full-service freight forwarders. Both were
privately-held and based in Toronto, Canada. Like Eagle, both companies are
non-asset based.
Eagle USA Airfreight, Inc. operates under the name EGL Eagle Global
Logistics. Eagle'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 87 terminals in nine countries features state-of-
the-art information systems designed to maximize cargo management efficiency
and customer satisfaction. Its fiscal 1999 revenues totaled more than $595
million. The Company's shares are traded on the NASDAQ National Market under
the symbol "EUSA". Eagle's headquarters is in Houston, Texas. For more
information about Eagle, visit http://www.eagleusa.com . For more information about
Fastair and CTI, visit http://www.fastair.ca and http://www.cti-canada.com .
For more information about Eagle: Visit Eagle on the Internet at
http://www.eagleusa.com . Contact Eagle Investor Relations via the Internet
at mslaught@eagleusa.com or by telephone at 281-618-3428, Michael Slaughter,
Vice-President Investor Relations.
SOURCE Eagle USA Airfreight, Inc.
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Related links:
http://www.eagleusa.com
CONTACT:
Elijio V. Serrano, Chief Financial Officer,
281-618-3665 or Mike Slaughter, Vice-President, Investor
Relations, 281-618-3428, both of Eagle USA Airfreight, Inc.
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