Express-1 Expedited Solutions Reports 123% Revenue Growth During Second Quarter of 2008.

SAINT JOSEPH, Mich. -- Express-1 Expedited Solutions, Inc. (AMEX:XPO) today reported its earnings for the second quarter, ended June 30, 2008.

Express-1 Expedited Solutions, one of the nation's fastest growing providers of premium transportation services, including ground expedited, domestic and international freight forwarding, premium freight brokerage and dedicated expedite delivery, reported a 123% increase in revenue during the second quarter of 2008 versus the same period in 2007. Revenues grew dramatically to $30.9 million during the quarter, compared to $13.8 million during the same period in the prior year. The January 2008 acquisition of Concert Group Logistics contributed $14.4 million of this increase. During the quarter, the Company's Express-1 operations expanded revenues by 16% over the same period in 2007. The Company's other business units, Express-1 Dedicated and Bounce Logistics also contributed to the record year-over-year increase in revenues. Express-1 Expedited Solutions, Inc. continues to grow at a healthy pace, even in the face of the current soft transportation market.

During the second quarter of 2008, income from operations increased by 11% to $1,416,000 versus $1,272,000 for the same period of 2007. Net income improved 2.7% and represented $774,000 or $0.02 per diluted share for the second quarter of 2008 compared to $754,000 or $0.03 per diluted share for the same period in 2007.

CEO, Mike Welch stated, "Throughout the second quarter of 2008, we were faced with many challenges. The overall demand for expedited transportation was down, trip count dropped roughly 7% year over year for the first six-months of 2008, according to Stuart Sutton, President of GPSNet Technologies, Inc. GPSNet provides software to over 300 expedited transportation companies in the U.S. and Canada. The domestic auto industry was in turmoil with multiple plant closings due to an extended strike at a leading automotive supplier; the cost of fuel was up over 50% from the same time last year; and bankruptcies within the trucking industry are at record levels. The second quarter of 2008 was one of the most challenging economies in memory. In spite of this, our company continued to grow and generate an increasing level of profitability. Our model works and we're pleased with the efforts of our people and the opportunity to serve our customers."

Welch added: "Express-1 had fantastic growth in a down automotive environment; this growth was augmented by solid gains in the agricultural and 3PL markets. Concert Group Logistics continued to expand its station network and increased its revenue and profitability while absorbing the interest and amortization expense associated with its purchase. CGL's international business accounted for over 23% of their second quarter sales, which will help drive future growth. Bounce Logistics is a success by any standard. During the second quarter, Bounce successfully grew its revenue base to a size that should allow it to exceed our full year expectations. Express-1 Dedicated continues to provide exceptional service and return a good level of profitability. We're faring well within this economy and have positioned ourselves for growth and strong profitability when demand shifts."

Chief Financial Officer Mark Patterson said, "The Company absorbed some charges in the second quarter that we do not expect to be on-going for the balance of 2008. These charges include costs associated with the CGL Customer Appreciation event, the annual CGL station owners meeting and some additional Bounce start-up costs. Combined, the overall impact of these activities was approximately $250,000 during the second quarter. In addition, the CGL results continue to reflect the full burden of the CGL purchase, with $100,000 of amortization and $76,000 of interest charges being recorded within the CGL statements during the second quarter. Our back-office expenses continue to grow at a rate that is much slower than that for our top-line and we are optimistic that when the recent downward trend in pricing reverses we will experience significant operating leverage. Increasing by 57% during the second quarter, our SG&A expenses grew at less than half the rate of increase within our revenue. All of our managers and employees remain focused on controlling our costs in the face of this soft economy. We are proud of the commitment from our team."

Outlook

"Looking towards the end of 2008, our Presidents continue to be focused on delivering results that meet or exceed the targets we've established. Jeff Curry at Express-1, Brian Glaser at Express-1 Dedicated, Gerry Post at Concert Group Logistics and Tim Hindes at Bounce Logistics each lead a team of professionals that are committed to continuing the momentum we've established over the past eleven quarters. Our non-asset based business model has proven itself over many years and in all types of economic climates. We remain on target to deliver the results we committed to deliver at the start of 2008; therefore we are reaffirming this year's guidance projections. By remaining focused on our model and our goals, we should be able to continue growing our company and our profits," stated Welch.

Conference Call/Webcast Information

Management will conduct a conference call August 7, 2008 at 10:00 a.m. Eastern to discuss the Company's second quarter financial results. Those interested in accessing a live or archived Webcast of the call should visit the Company's Website at www.express-1.com. Those wishing to take part in the live teleconference call can dial 201-689-8049 (International) or 877-407-9210. A playback will be available through midnight on August 14, 2008. To listen to the playback, please call 877-660-6853. Use account number 286 and conference ID number 291001.

About Express-1 Expedited Solutions, Inc.

Express-1 Expedited Solutions, Inc. is a non-asset based services organization focused on premium transportation through its business segments, Express-1, Inc. (Buchanan, Michigan), Concert Group Logistics, Inc. (Downers Grove, Illinois), Express-1 Dedicated, Inc. (Evansville, Indiana), and Bounce Logistics, Inc. (South Bend, Indiana). These segments are focused on premium services that include: same-day, time-sensitive and dedicated transportation as well as domestic and international freight forwarding. Serving more than 2,000 customers, the Company's premium transportation offerings are provided through one of five operations centers; Buchanan, Michigan; Evansville, Indiana; Toledo, Ohio; South Bend, Indiana and Downers Grove, Illinois. The operations are handled by experienced inside sales staff using the latest in industry software. The Company services customers throughout the lower 48 states and portions of Canada and Mexico. The Company's operating model can be described as non-asset or asset light, with independent contractors fulfilling the trucking services for most of its shipments, and independently owned stations managing the services of its freight-forwarding network. Express-1 Expedited Solutions, Inc. is publicly traded on the American Stock Exchange under the symbol XPO. For more information about the Company, visit www.express-1.com.

Forward-Looking Statements

This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements, which may include statements regarding our future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses, future operating margins and other future or expected performance, are subject to the following risks: that our recent reorganization fails to result in projected operating efficiencies; the acquisition of businesses or the launch of new lines of business, which could increase operating expenses and dilute operating margins; increased competition, which could lead to negative pressure on our pricing and the need for increased marketing; the inability to maintain, establish or renew relationships with customers, whether due to competition or other factors; the inability to comply with regulatory requirements governing our business operations; and to the general risks associated with our businesses.

In addition to the risks and uncertainties discussed above you can find additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements in the reports that we have filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent our judgment as of the date of this release and you should not unduly rely on such statements. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in the filing may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

[TABLE OMITTED]
[TABLE OMITTED]
[TABLE OMITTED]
[TABLE OMITTED]