HOUSTON, Sept. 13 /PRNewswire-FirstCall/ -- EGL Eagle Global Logistics
(Nasdaq: EAGL) and the Company's U.S. employees have rallied to provide
support for its displaced New Orleans employees. In response to the
destructive aftermath of Hurricane Katrina, EGL immediately initiated a relief
plan to locate and assist its employees and their families in the affected
areas.
Company officials have worked diligently to contact all 35 employees and
valued business partners who serviced customers along the Central Gulf Coast
Region. To date, all have been located, and while many suffered considerable
damage to their property, there have been no reports of injuries.
EGL is sparing no expense to ensure employees are receiving adequate aid
in the midst of this crisis. For employees unable to work or who have
temporarily relocated outside the EGL service network, the Company is
continuing to compensate 100 percent of their salary. In addition, the
Company has offered jobs at any available location in the EGL system and
relocation assistance to any employee not wishing to return to the New Orleans
area. Ten employees and their families have moved to Houston, where EGL is
providing employment, temporary housing and the expenses necessary to meet
their basic needs. EGL's Executive Management Team and representatives from
the Human Resources Department will review each employee's status on a
continuing basis for up to three months in an attempt to reduce the anguish
caused by Hurricane Katrina.
"Our employees are the foundation of our Company, and we are committed to
helping our people overcome this devastating event and rebuilding their lives.
We view each other as family, and this was clearly demonstrated by the speed
in which our stations and corporate employees united to respond to this
tragedy," stated James R. Crane, Chairman and CEO of EGL.
On September 2, the Company sponsored an internal fundraiser whereby U.S.
employees made monetary contributions directly to the "EGL victims of
Hurricane Katrina Fund." EGL matched the nearly $30,000-fundraiser
dollar-for-dollar. The Company has also organized an "Adopt an Eagle"
program, which allows stations and corporate departments to "adopt a family"
affected by the storm and purchase necessities and gift cards to help get them
back on their feet as quickly as possible.
Additionally, EGL's Human Resources Department has worked closely with
vendors to ensure medical assistance and waivers, as well as 401K hardship
loans are convenient and easily attainable. The Company has assigned
personnel to directly assist with questions regarding payroll and benefits for
employees in the affected Gulf Coast Region who may be unable to work during
the next 30-60 days.
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 2004 revenues
exceeding $2.7 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".
SOURCE EGL, Inc.
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Related links:
http://www.eaglegl.com
CONTACT:
Sherry Amberg, Director Marketing
Communications, +1-281-618-3215, or Lorie Parmeter, Vice
President Human Resources, +1-281-618-3205, both of EGL Eagle
Global Logistics
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