NEW YORK APRIL 2004

TRIBUTES POUR IN FOR LOGISTICS LEGEND BOB

The Directors and staff at the Global Institute of Logistics are greatly saddened to learn of the untimely death of Bob Delaney. Bob passed away on Apr 3. All the management, staff and contributors at the Institute join in extending their deepest condolences to the Delaney family.

Robert V. Delaney, founding Chairman of the Global Institute of Logistics and former Vice President for Cass Information Systems, Inc, and consultant with Prologis died on April 3, 2004. Born March 16, 1936, Mr. Delaney was raised in New Jersey and received undergraduate and graduate degrees in Business Administration from New York University. He was introduced to logistics serving in the U.S. Army’s Transportation Center in Fort Eustis, Virginia. Mr. Delaney held management positions in many corporations including Arthur D. Little, Inc., Leaseway Transportation and International Paper before joining Cass Information Systems in 1990. He was also a member of the Board of Directors for USF Corporation.

“Bob Delaney was an absolute gentleman who’s passing marks the end of an era in the world of logistics.Bob was instrumental in charting the course for the Institute and infact the principles on which we base our understanding and promotion of the science of logistics were entirely based on Bobs insight. We will miss him greatly”

KIERAN RING CHIEF EXECUTIVE AT THE GLOBAL INSTITUTE OF LOGISTICS

One of his most notable accomplishments was contributing to the writing of legislation that reformed the economic regulation of the U.S. motor carrier and railroad industries in 1980. He also played a leading role in the passage of the Aviation Act of 1994, which ended economic regulation of intrastate transportation.

Mr. Delaney received numerous awards for his contribution in the field of business logistics including the John Drury Sheahan Award from the Council of Logistics Management and the Harry E. Salzberg Award from Syracuse University. For many years he was the leading contributor to his “State of the Logistics Report” that was delivered annually at the National Press Club in Washington, D.C. Mr. Delaney will be remembered as a unique individual who professionally and personally influenced many people.

Surviving are his sons Edward and James and his former wife, Elissa. There will be a private memorial service for the family.

Tributes to Mr. Delaney:

Richard P. DiStasio

“We are deeply saddened by this news, said Richard P. DiStasio, USF’s President and Chief Executive Officer. We are extremely grateful for Bob’s tremendous contributions to USF over the years and we are privileged to have had the opportunity to work with him. We will miss Bob very much.

We are very saddened to learn of Bob’s death,’ said Maria McIntyre, Council of Logistics Management’s executive vice president .’He has been an icon to the logistics profession. Bob’s contributions have been enormous, and conducted with great passion. We enjoyed working with him as an organization, and he will be greatly missed.’

This is a sad day for USF, said Board of Directors’ Chairman Neil Springer. Bob was a guiding influence for USF from the very beginning and our board benefited from his presence, his knowledge and his personality. Bob Delaney was an icon in the logistics world and he was also a key figure in the deregulation of the trucking and railroad industries. All who knew Bob will miss his warmth, wisdom and friendship.