HOUSTON, Texas, June 14 /PRNewswire/ -- EGL, Inc. (Nasdaq: EAGL), the
nation's largest and fastest growing domestic heavy-weight air freight
forwarder, has been awarded a multi-million dollar contract to provide
international transportation and logistics services for Nokia, Inc.
(NYSE: NOK).
EGL will be supporting the manufacturing and distribution of Nokia's
telecom products in Latin America. Their primary responsibilities include
managing the vendor release of raw materials to the company's manufacturing
facility in Brazil, warehousing and consolidating materials from multiple
suppliers, shipping materials for just-in-time delivery, and distributing
finished goods throughout Latin America.
"Securing this contract demonstrates the confidence our customers place in
our abilities," said Chairman and CEO James R. Crane. "It is a great
opportunity for us to showcase our growth and expertise with our continued
client expansion in this strategic marketplace."
EGL began servicing Nokia in January 1996 as its preferred domestic
transportation carrier for time-sensitive shipments of 70 pounds and above.
The Houston-based air freight forwarder has provided cost-effective solutions
to Nokia's supply chain requirements as well as a comprehensive security plan
for its product protection.
"An influential factor in winning the Nokia contract was the advanced
technology capabilities of our proprietary software program, E@gle Advisor,"
said EGL Vice President of Sales Brad McBride. "Additionally, Nokia's
employees have instant access to critical shipping information via the
Internet, providing complete visibility from point of origin to final
destination."
Houston-based EGL, Inc. operates under the name EGL Eagle Global
Logistics. EGL'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."
Headquartered in Finland, Nokia is one of the world's leading suppliers of
mobile phones and a leading supplier of mobile, fixed and IP networks, related
services as well as multimedia terminals. The company employs over 55,000
people worldwide and achieved net sales of $19.9 billion in 1999.
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.
 back to top
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
|
