New $1 Billion Company Emerges As One of Nation’s Largest Transportation and Logistics Providers

DALLAS, Jan. 10 /PRNewswire/ — Greatwide Logistics Services (formerly Transport Industries Holdings) is pleased to announce its new name, corporate logo and executive management team, signaling the arrival of a major new player in the national transportation and logistics industry. Led by a highly experienced executive team, and backed by an aggressive, high-profile marketing campaign, Greatwide will position itself as a leading non-asset- based provider of transportation, third-party logistics, warehouse/distribution and truckload brokerage services.

Greatwide Logistics Services was formed in 2000 when Fenway Partners, a New York-based private equity firm with more than $1.4 billion in funds under management — and a significant investor in the transportation/logistics sector — acquired Transport Industries, L.P., a dedicated contract trucking carrier in Mesquite, Texas.

Based in Irving, Texas, the company has continued to grow both organically and through a series of acquisitions. Greatwide is on track to post 2005 revenues of $1 billion. Earlier this year, the company (under its former name of Transport Industry Holdings) was listed as Transport Topics’ No. 40 U.S. transportation and logistics company.

“Over the past year, we have been operating as one of the best-kept secrets in the national transportation and logistics industry,” said Raymond B. Greer, CEO of Greatwide Logistics Services. “Today, we launch our new name and brand, cementing our position as a leading service provider in this sector. From coast to coast, we operate a range of fully integrated owner- operator truck fleets, with nearly four-million square feet of warehouse distribution space and a broad array of truckload management and brokerage capabilities.”

Greatwide Logistics Services currently operates in four primary business lines:

   *  Dedicated Transport — Outsourced, “closed loop” transportation      services to major retail clients including Wal-Mart, Target, PepsiCo      and Sysco through one of the largest fleets of owner-operator drivers      in the United States.    *  Truckload Management — Freight distribution services in a 32-state      national territory for such clients as Wal-Mart, Ford Motor, GM, UPS      and Dow.    *  Truckload Brokerage — A full-service truckload brokerage operation      with 18 U.S. offices, serving such clients as Coca Cola, Kraft, Wal-      Mart, Kroger and General Tire.    *  Distribution Logistics — A full-service warehouse and distribution      logistics operation with 3.6 million square feet of warehouse space,      serving such clients as Coca Cola, Walgreens, Target, Pier 1 Imports      and Hill’s Pet Nutrition.   

Greatwide Logistics Services has grown through a series of acquisitions made by Fenway Partners between 2000 and 2005:

   *  August 2000 — Platform acquisition of Transport Industries, L.P., the      nation’s largest third-party provider of “closed loop” transportation      services to the grocery industry; based in Mesquite, Texas.    *  December 2003 — Acquisition of May Trucking Inc., a dedicated carrier      trucking company operating in 48 U.S. states; based in Grottoes,      Virginia.    *  June 2004 — Acquisition of Total Warehousing, a major asset-light      warehouse and distribution logistics provider based in Phoenix,      Arizona.    *  July 2004 — Acquisition of American Trans-Freight, a major non-asset-      based truckload capacity provider based in Philadelphia, Pennsylvania.    *  September 2004 — Acquisition of Stewart Stiles and N.F.C., a major      regional transport and logistics provider based in Cornelius, Oregon.    *  September 2005 — Acquisition of Cargo-Master Inc., one of nation’s      largest privately held trucking brokerage companies. Based in Dallas,      Texas.    *  September 2005 — Acquisition of Am-Can Transport Services Inc., a      major U.S. dedicated contract carriage provider serving the Southeast,      Midwest, West Coast and Northwest, as well as Canada. Based in      Anderson, South Carolina.    *  September 2005 — Acquisition of Dallas & Mavis Specialized Carrier      Co., one of nation’s largest truckload carriers; based in Kenosha,      Wisconsin.   

Greatwide Logistics Services’ new name and brand reflect the nationwide breadth and depth of the company’s capabilities in asset-light truckload transportation and warehouse distribution. The company operates 90 facilities in 48 states and oversees 5,500 trucks and 1,700 trailers that are owned or leased by more than 5,000 independent owner-operators.

“As an asset-light provider offering a comprehensive range of outsourced services, Greatwide Logistics Services’ is in the highest-growth segment of the national third-party logistics market,” Mr. Greer said. “Greatwide’s flexible business model, combined with favorable industry fundamentals and a strong blue-chip client base, position us for continued growth and success.”

The company recently strengthened its senior management team with the addition of Chief Commercial Officer Richard M. Metzler, formerly Senior Vice President of Marketing for DHL, where he led the company’s U.S. branding campaign.

“With a strong and experienced management team in place, we are uniquely positioned to become one of the nation’s largest and most innovative logistics and transportation providers,” Mr. Greer said.

About Greatwide Logistics Services

Based in Irving, Texas, Greatwide Logistics Services was formed by Fenway Partners, a New York-based investment group that since 2000 has acquired nine major truckload transportation and warehouse distribution companies. With clients that include Wal-Mart, Target, IBM, Sysco, UPS, Dow, Ford Motor, GM and General Tire, Greatwide Logistics Services is one of the nation’s leading non-asset-based providers of transportation, third-party logistics, warehouse/distribution and truckload brokerage services. For more information, visit http://www.greatwide.com/.

About Fenway Partners

Fenway Partners, dedicated to building long-term value through direct investment in leading middle market companies, is a private equity firm based in New York and Los Angeles with funds under management of more than $1.4 billion. In partnership with management, Fenway invests in market-leading and profitable businesses with significant and unrealized upside. The firm provides human, financial, and strategic resources to help portfolio companies achieve their potential. Fenway’s investments have included: Panther II Transportation, Inc., one of the largest providers of expedited ground transportation services in North America; Riddell Bell Holdings, a manufacturer of football, bicycle and action sports helmets; Targus, the leading supplier of electronics carrying cases and accessories; Harry Winston, the high-end jewelry retailer; and Simmons, a bedding manufacturer. For further information about Fenway, visit the firm’s web site at http://www.fenwaypartners.com/.

Greatwide Logistics Services

CONTACT: Tom Womack, Vice President, Media Relations, Levenson & BrinkerPublic Relations, +1-214-932-6077, tom.womack@levensonbrinkerpr.com

Web site: http://www.greatwide.com/http://www.fenwaypartners.com/