Arnold Industries Appoints New President of Truckload Operations.

LEBANON, Pa.--(BUSINESS WIRE)--July 23, 1998--Arnold Industries, Inc. (NASDAQ:AIND) has named Michael S. Walters president and CEO of Arnold Transportation Services Inc., its truckload subsidiary.

Walters' truckload industry experience spans more than 20 years and includes responsibilities in operations, sales and finance. Walters has held senior management positions with responsibility for operations and sales with two large truckload carriers. He served most recently as vice president of operations for U.S. Xpress, a nationwide carrier with 1997 revenues of $433.8 million.

Walters will be based at the Arnold Transportation operations headquarters in Jacksonville, Fla.

E. H. Arnold, chairman and CEO of Arnold Industries said, "Mike Walters is a dynamic leader recognized for his ability to build and motivate highly effective teams. His experience in centralizing the operations and rationalizing the terminal network of several acquired carriers will be a great asset as we continueto fine-tune our merged truckload operations."

"Mike brings to Arnold Industries the truckload industry experience we need to efficiently capitalize on the significant market opportunity that exists for our company. We are confident that under Mike's leadership we will be able to improve margins and increase the growth rate of our truckload operations," Arnold added.

Arnold Transportation Services provides irregular route and dedicated truckload services throughout the Northeast, Midwest, Southeast and Southwest regions of the United States. The company now ranks among the 25 largest truckload carriers in the industry and provides service to many Fortune 500 companies.

Arnold Transportation Services was created in 1997 through the merger of three former Arnold Industries subsidiaries including LebArnold of Camp Hill, Penn., SilverEagle Transport of Jacksonville, and Dalworth Trucking of Grand Prairie, Texas. The total operating revenues of Arnold Transportation Services were $180 million in 1997.

Some of the comments contained herein are forward-looking statements. Several factors may cause actual company performance to vary from forecast. These factors include, but are not limited to, changes in the business environment, governmental laws and regulations, the competitive environment and market demand for the services provided.

Arnold Industries is a transportation and logistics holding company. Business units include New Penn Motor Express, a Northeast regional next-day less-than-truckload carrier, Arnold Transportation Services, an irregular route and dedicated truckload carrier and Arnold Logistics, which provides integrated warehousing, distribution, order fulfillment and contract packaging services.

Operating revenues totaled $383 million in 1997. For more information, please visit our Web site at http://www.aind.com.

    CONTACT:  Arnold Industries Inc.
               Steve Ginter, 717/270-4614