Dynamex Expects Impairment Charge Related to New Accounting Standard.

Business Editors

DALLAS--(BUSINESS WIRE)--March 18, 2002

Dynamex Inc. (Amex:DDN), a leading provider of same-day delivery and logistics services in the United States and Canada, today announced that it had completed the first phase of the goodwill impairment test required by Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets" ("SFAS No. 142"). The new statement eliminates the amortization of goodwill and changes the method of determining whether there is goodwill impairment from an undiscounted cash flow method to a fair value method.

Based on the results of this impairment test, the Company expects to record a non-cash, after-tax charge of between $16 and $20 million as the cumulative effect of a change in accounting principle in the Statement of Operations. As required by SFAS No. 142, the charge will be recorded in the first quarter of fiscal year 2002 once the second phase of the impairment test is concluded. The impairment test is required to be completed and the final adjustments made by the end of the Company's fiscal year on July 31, 2002.

This charge will not impact the Company's operations or cash position. The new accounting standard will benefit fiscal year 2002 earnings by approximately $3.6 million in reduced amortization of goodwill.

The goodwill recorded on the balance sheet is a result of the Company's acquisition strategy that was executed from 1995 through 1998.

Further information will be available in the Company's fiscal year 2002 second quarter Form 10-Q, which will be filed with the Securities and Exchange Commission on March 18, 2002.

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 and www.dxnow.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.