HOUSTON, Feb. 1 /PRNewswire-FirstCall/ -- EGL Eagle Global Logistics
(Nasdaq: EAGL), a leading global freight forwarder and logistics provider,
today announced that Bruno Sidler has been named President of its Europe,
Middle East and Africa Region.
Mr. Sidler, a 28-year veteran of the industry, comes to EGL from
Panalpina Group, Basel Switzerland, where he most recently served as
President and CEO since May 1998. Throughout his tenure at Panalpina, he
has also held several management positions in South Africa, Nigeria,
Singapore and Indonesia.
"We are confident that Bruno's personal success and industry expertise
will greatly contribute to leading the strategic development globally;
particularly in Europe, the Middle East and the African regions and
strengthen our existing network, which has some of the best and most
knowledgeable leaders in the industry," said Jim Crane, Chairman and CEO of
EGL Eagle Global Logistics.
About EGL, Inc.
Houston-based EGL, Inc. operates under the name EGL Eagle Global
Logistics. EGL is a leading global transportation, supply chain management
and information services company dedicated to providing superior
flexibility and fewer shipping restrictions on a price competitive basis.
With 2005 revenues exceeding $3.1 billion, EGL's services include air and
ocean freight forwarding, customs brokerage, local pickup and delivery
service, materials management, warehousing, trade facilitation and
procurement, and integrated logistics and supply chain management services.
The Company's shares are traded on the NASDAQ National Market under the
symbol "EAGL".
Cautionary Statements
The statements in this press release (and statements in the conference
call referred to above) regarding projected revenue growth, profitability
and earnings per share (including guidance), capital expenditure levels,
growth opportunities, yield improvement, increased efficiencies,
improvements in operating and financial systems, effective tax rates, our
ability to pass- through fuel costs, expected insurance recoveries, stock
repurchases, the results of government investigations and other statements
that are not historical facts, are forward looking statements. These
statements involve risks and uncertainties including, but not limited to,
our ability to manage and continue growth, risks associated with operating
in international markets, events impacting the volume of international
trade, our ability to comply with rules relating to the performance of U.S.
government contracts, fuel shortages and price volatility of fuel, seasonal
trends in our business, currency devaluations and fluctuations in foreign
markets, our effective income tax rate, our ability to upgrade our
information technology systems, protecting our intellectual property
rights, heightened global security measures, availability of cargo space,
increases in the prices charged by our suppliers, competition in the
freight industry and our ability to maintain market share, material
weaknesses within our internal controls, control by and dependence on our
founder, liability for loss or damage to goods, the results of litigation,
exposure to fines and penalties if our owner/operators are deemed to be
employees, failure to comply with environmental, health and safety, and
criminal laws and regulations and governmental permit and licensing
requirements, laws and regulations that decrease our ability to change our
charter and bylaws, the impact of goodwill impairments, the successful
deployment of our global IT infrastructure, estimated expenses associated
with stock option practices and other factors detailed in the company's
Annual Reports on Form 10-K and other filings with the Securities and
Exchange Commission. Should one or more of these risks or uncertainties
materialize (or the consequences of such a development worsen), or should
underlying assumptions prove incorrect, actual outcomes may vary materially
from those forecasted or expected. The company disclaims any intention or
obligation to update publicly or revise such statements, whether as a
result of new information, future events or otherwise.
SOURCE EGL Eagle Global Logistics
 back to top
Related links:
http://www.eaglegl.com
CONTACT:
Sherry Amberg, Director Marketing
Communications of EGL Eagle Global Logistics, +1-281-618-3215, or
Sherry.Amberg@eaglegl.com
|
