Dynamex Announces Expanded Relationship with Office Depot.

Business Editors

DALLAS--(BUSINESS WIRE)--Feb. 2, 2004

Dynamex Inc. (AMEX:DDN), a leading provider of same-day delivery and logistics services in the United States and Canada, today announced the signing of a multi-year service agreement with Office Depot Inc. This agreement expands the relationship that began in September 2000 to include new service to Office Depot and/or Viking Office Products in New York, the upper Midwest, the Mid-Atlantic and Northern and Southern California. In some markets, Dynamex is being used to compliment the Office Depot private fleet, while in others, Office Depot has outsourced all deliveries to Dynamex.

Service to the new locations is being phased-in with all locations expected to be fully operational by the end of February 2004. Once all new locations are operational, Dynamex will service 22 Office Depot/Viking markets throughout the continental U.S.

"We are extremely excited about the expanded relationship with Office Depot," said Dynamex Chairman and CEO, Rick McClelland. "Although challenged by the simultaneous startup of operations in multiple locations, the planning and execution by our operations and management teams resulted in successful implementations and once again demonstrated our ability to respond to customer requirements in numerous markets at the same time. Startup costs associated with these additional locations will suppress profitability from the new work during the second quarter, however, our outlook for the full year is unchanged. We expect the new locations to generate normal profitability in future periods."

"This event reinforces our commitment to the national accounts strategy," McClelland added. "It is events like this that drive the significant year-over-year top line and bottom line growth in our outlook and underscores the market potential of our strategy. As the only national provider of same-day transportation solutions in both the United States and Canada, Dynamex can provide large shipper organizations with a broad and flexible same and next day transportation capability. This gives large shippers access to a comprehensive, flexible service menu as well as a single point of contact vs. utilizing numerous local delivery entities."

McClelland concluded, "Because of our service menu and geographic reach, we have a strong value proposition. We also have the sales and marketing resources we need to communicate our message to the marketplace. Our National Accounts program has been very successful and a key reason we have been growing the top line."

About Office Depot

With annual sales of nearly $13 billion, no one sells more office supplies to more customers in more countries than Office Depot. Founded in 1986 and headquartered in Delray Beach, FL, the company conducts business in 22 countries and employs nearly 50,000 people worldwide. Office Depot is an industry leader in every distribution channel -- from retail stores and contract delivery to catalogs and e-commerce. The company is the world's number two online retailer -- on target to generate $2.5B in sales for FY'03. In North America, Office Depot has more than 870 retail stores in addition to a national business-to-business delivery network supported by 24 delivery centers, more than 60 local sales offices and 13 regional call centers. The company's common stock is traded on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index.

About Dynamex

Dynamex is a leading provider of same-day delivery and logistics services in the United States and Canada. Additional press releases and investor relations information as well as the Company's Internet e-commerce services package, dxNow(TM), is available at www.dynamex.com.

This release contains forward-looking statements that involve assumptions regarding Company operations and future prospects. Although the Company believes its expectations are based on reasonable assumptions, such statements are subject to risk and uncertainty, including, among other things, the effect of changing economic conditions, acquisition strategy, competition, foreign exchange, the ability to meet the terms of current borrowing arrangements, and risks associated with the local delivery industry. These and other risks are mentioned from time to time in the Company's filings with the Securities and Exchange Commission. In light of such risks and uncertainties, the Company's actual results could differ materially from such forward-looking statements. The Company does not undertake any obligation to publicly release any revision to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Caution should be taken that these factors could cause the actual results to differ from those stated or implied in this and other Company communications.