Frito-Lay Honors Transplace With Service Award.

Business Editors

PLANO, Texas--(BUSINESS WIRE)--May 30, 2002

Transplace, a leading provider of logistics and transportation management services was presented the 2001 Outstanding Service Provider award from Frito-Lay, a division of PepsiCo Foods Corp., during its Annual Carrier Appreciation Banquet.

Transplace manages shipments for the merchandising unit of Frito-Lay by supplying parcel and less-than-truckload shipment consolidation through its Dense Network Efficiency(SM) (DNE) platform of services while at all times providing Internet visibility to the merchandising pipeline.

"This is quite an achievement to be acknowledged after our first year of operations with Frito-Lay," said Mark Christos, Transplace senior vice president of Operations. "Frito-Lay and Transplace implemented improved processes that were designed to increase efficiency. We are pleased that this collaborative initiative has benefited Frito-Lay."

Operations between Frito-Lay and Transplace began December 18, 2000. Transplace managed more than 100,000 shipments during 2001 from the giant snack maker, sending merchandising equipment from their vendors to a network of North American customers.

Transplace (www.transplace.com) brings together transportation needs from multiple Fortune 1000 customers and combines it with transportation capacity from more than 5,000 carriers. Transplace is truly a one-stop shop offering a comprehensive menu of logistics and transportation management services, ranging from complete outsourcing as a third-party logistics provider to single shipment assistance.

Using its industry leading Dense Network Efficiency(SM) (DNE) platform of services, Transplace assembles the critical mass of freight and asset networks and applies the optimization algorithms to search for the best matching of freight with carrier assets to increase load ration, while minimizing empty miles and detention hours. DNE also efficiently links shippers and carriers together through a web-based Internet portal, enabling collaboration and supply chain visibility, all resulting in total supply chain and transportation cost reductions.

Transplace was formed in July 2000 through merger of the six logistics business units of the nation's largest publicly held truckload carriers: Covenant Transport, Inc. (Nasdaq:CVTI), J.B. Hunt Transport Services, Inc. (Nasdaq:JBHT), M.S. Carriers, Inc. (since merged with Swift Transportation Co., Inc.), Swift Transportation Co., Inc. (Nasdaq:SWFT), U.S. Xpress Enterprises, Inc. (Nasdaq:XPRSA) and Werner Enterprises, Inc. (Nasdaq:WERN).