Eagle Global Logistics Now Has Presence in 11 Countries Throughout the Region
HOUSTON, May 17 /PRNewswire/ -- EGL, Inc. (Nasdaq: EAGL), the nation's
largest and fastest-growing domestic heavyweight airfreight forwarder, today
announced the company has completed the first phase of its Latin American
expansion project with the addition of key airfreight facilities throughout
the region.
Eagle began aggressively developing a Latin American presence in early
1999, opening or acquiring eight terminal facilities in Argentina, Brazil,
Chile and Peru by year-end. The company has continued its expansion in early
2000 with additional agent alliances made possible by continued industry
consolidation, broadening its reach to include markets in Colombia, Ecuador,
Bolivia, Paraguay, Uruguay, Panama and Venezuela. The agent additions include
Taurel in Venezuela and Aeromar in Central America.
"Latin America represents a vibrant, growing market, and our continued
expansion into this important region is a critical element of our global
strategy," said Chairman and CEO James R. Crane. "Our expanded transportation
capabilities throughout Latin America increase our ability to further grow our
international customer base and provide broader services to our domestic
customers with global shipping needs."
Eagle is currently enhancing its Latin American operations with the
installation of TALON, the company's proprietary Transportation and Logistics
On-line Network system. TALON combines a real-time, global track and trace
system with a multi-country, multi-currency accounting system. TALON already
has been installed in Eagle's Argentina and Chile offices.
Houston-based EGL, 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 92 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 "EAGL."
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 EGL, Inc.
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Related links:
http://www.eagleusa.com
CONTACT:
James R. Crane, Chief Executive Officer,
281-618-3100, or Mike Slaughter, Vice President, Investor
Relations, 281-618-3428, both of EGL, Inc.
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