Eagle USA Airfreight Named Local Logistics Partner for Compaq Computer Corporation

Eagle USA Airfreight's wholly-owned subsidiary, Eagle Freight Services, Inc., has been selected as the local logistics partner for Houston-based Compaq Computer Corporation. Under a new three-year contract, Eagle will continue to manage various aspects of Compaq's local pickup and delivery operation, including dispatching, equipment, route planning, cost control, information systems management, and security. The contract will enable Eagle to provide superior flexibility and fewer shipping restrictions at a competitive price, making it a leading provider of airfreight forwarding and logistics services.

Key Takeaways:

Eagle USA Airfreight's subsidiary, Eagle Freight Services, has been named the local logistics partner for Compaq Computer Corporation.
The new three-year contract will see Eagle continue to manage various aspects of Compaq's local pickup and delivery operation.
Eagle will provide dispatching, equipment, route planning, cost control, information systems management, and security services under the contract.
The contract is expected to last for three years.
Eagle's existing five-year agreement with Compaq will continue, with the company acting as the primary carrier for Compaq's domestic heavyweight air freight shipments.
Eagle's share of revenue from the new contract is uncertain, as it is subject to the parties finalizing the agreement and the terms of the contract.
Douglas A. Seckel, Chief Financial Officer of Eagle USA, and Mike Slaughter, Director of Investor Relations, are available for comment.
Eagle USA Airfreight's shares are traded on the Nasdaq National Market under the symbol "EUSA."

Statistics:

3-year contract duration
68 terminals in Eagle's network
5-year existing agreement with Compaq
$unknown revenue from the new contract
Nasdaq symbol: "EUSA"

Sources:

Eagle USA Airfreight, Inc., PRNewswire August 18, 1998
http://www.eagleusa.com/