Emery Forwarding Changing Its Name to Menlo Worldwide Forwarding.

Business Editors/Transportation Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Feb. 10, 2003

Emery Forwarding announced today that it plans to change its name to Menlo Worldwide Forwarding. The name change process will be completed by Jan. 1, 2004. Emery is a leading global heavyweight transportation provider that is one of the companies doing business under the Menlo Worldwide(SM) brand. Menlo Worldwide is a $2.7 billion business segment of CNF Inc. (NYSE: CNF).

In December 2001, CNF formed Menlo Worldwide. At that time, Emery joined CNF sister companies Menlo Worldwide Logistics, Vector SCM and Menlo Worldwide Technologies under the new Menlo Worldwide brand umbrella. Since the formation of Menlo Worldwide, Emery Expedite! has changed its name to Menlo Worldwide Expedite! and Emery Customs Brokers has changed its name to Menlo Worldwide Trade Services. The Emery Forwarding name change will complete the final phase of the transition of all of these companies to the Menlo Worldwide brand.

Because Emery does business in more than 200 countries worldwide, it will take some time to complete the name change in all of those countries and the Menlo Worldwide Forwarding name will be phased in over the rest of 2003.

"Emery is a company with a long and proud history," said Menlo Worldwide President and Chief Executive Officer John H. Williford. "One of the primary reasons for the formation of Menlo Worldwide was to make it easy for our customers to identify and use the full range of supply chain services we provide. By uniting all of our services under a single brand identity, it will be easier for customers to benefit from the global solutions offered collectively and innovatively by Menlo Worldwide."

Emery was founded in 1946 by John C. Emery, Sr. and was the first air freight forwarder to apply for a common carrier license from the U.S. Civil Aeronautics Board. By 1956, Emery had expanded overseas with its first international office in London, and was a leader in supply chain technology as early as 1969 when it introduced its computerized tracking and tracing system called EMCON. In 1971, Emery was one of the first U.S.-based air cargo companies to establish operations in Japan. In 1986, Emery became the first U.S.-based air cargo company to have a representative office in the People's Republic of China with its office in Shanghai.

Today, the company has more than 500 offices worldwide and continues to be a leader in supply chain technology with web-based services through MyEmery including its real-time event notification system that provides automated customer notification as shipments reach key transit points with messages sent to customers via e-mail, pager or both.

Menlo Worldwide Forwarding is one of the supply chain service providers operating under the Menlo Worldwide brand. These companies also include Menlo Worldwide Logistics, Vector SCM, Menlo Worldwide Technologies, Menlo Worldwide Expedite! and Menlo Worldwide Trade Services. Collectively, they employ 15,000 people and provide global supply chain services in 200 countries. Menlo Worldwide Forwarding provides international air and ocean forwarding, North American overnight, expedited, second-day and economy air freight and global project management services. Menlo Worldwide is owned by CNF Inc. (NYSE:CNF) and is based in Redwood City, Calif. More information can be found at www.menloworldwide.com.