Express-1 Expedited Solutions (XPO) Acquires LRG International Inc. to Expand International Services to a Global Logistics Market

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Mon Oct 5, 2009 3:30pm EDT

ST. JOSEPH, Mich.--(Business Wire)--
Express-1 Expedited Solutions (XPO) a Saint Joseph, Michigan based leader in
transportation logistics, is pleased to announce that it has completed the
acquisition of LRG International Inc., an international forwarding company that
specializes in ocean and air freight services. The acquisition will immediately
expand the international scope of the XPO business mix. LRG will be rolled into
the Company`s Concert Group Logistics (CGL) operations. 

Commenting on the acquisition, the Company`s CEO, Michael Welch, said, "We are
very excited about the acquisition of a company with the reputation of LRG. This
acquisition is evidence that we are committed to advancing the size and
capabilities of our CGL logistics network. LRG is a non-asset based
International Freight Forwarder which will offer XPO strong growth." 

"This is an important acquisition for us. Adding LRG and its highly experienced
team to CGL brings new strength to our customers who ship internationally," said
Gerry Post, president of CGL. "It enhances our service offering, expands our
foreign network and strengthens our ocean and air capabilities enabling us to
move upon the global frontier with strong resources and capabilities." 

The addition of LRG to CGL`s network will assist CGL in developing a logistics
platform that allows for expansion into Europe, Asia and other major geographic
regions throughout the world. Together CGL and LRG will combine their expertise
to penetrate new markets and offer faster, safer and reliable logistics services
to new and existing customers. 

"Becoming part of a recognized industry leader like XPO is a special opportunity
for LRG, its customers and business partners worldwide," said Henrik Jorgensen,
president of LRG. "Our knowledge and experience in handling and shipping both
imports and exports will be a strong asset to XPO's global logistics and
transportation portfolio. We are extremely excited to partner with such a
dynamic organization that places a high priority on employee and customer
satisfaction." 

With LRG`s international freight expertise, CGL`s leading-edge technological
capabilities, and their mutual focus on customer satisfaction, both
organizations expect immediate results. They now have the tools necessary to
grow quickly both domestically and internationally and the ability to better
manage all of their processes -- especially international shipping - from origin
through destination. 

"I am excited for CGL to be working side-by-side with an organization that
shares the same vision of taking transportation services to the next level,"
said Post. "Speaking on behalf of the entire CGL team, we are pleased to be a
part of this strategic partnership and look forward to growing and expanding our
opportunities together." 

About Express-1 Expedited Solutions

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. (CGL) (Downers Grove,
Illinois), and Bounce Logistics, Inc. (South Bend, Indiana). These segments are
focused on premium services that include: same-day, time-sensitive
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 four operations centers; Buchanan, Michigan; South Bend,
Indiana; Downers Grove, Illinois and Rochester Hills, Michigan. The operations
are handled by experienced inside sales staff using the latest in operational
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, as independent contractors and capacity obtained
through brokerage agreements fulfill the trucking services for most of its
shipments. Express-1 Expedited Solutions, Inc. is publicly traded on the NYSE
AMEX Equities Exchange (formerly AMEX) under the symbol XPO. For more
information about the Company, visit www.express-1.com.

Express-1 Expedited Solutions, Inc.
Mike Welch
Mike.Welch@Express-1.com
269-429-9761 



Copyright Business Wire 2009

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