News Release

News Release

Media Contact: Anna Folmnsbee, Greyhound
972-789-7204
George J. Gremse, Velocity Express
713-346-9218
 
Velocity Express Corporation and Greyhound PackageXpress Offer Guaranteed Package Delivery on Time-Sensitive Shipments
 
Westport, CT (Oct. 11, 2005) – Velocity Express Corporation and Greyhound PackageXpress (GPX), the package delivery unit of Greyhound Lines, Inc., today announced that they have signed an agreement to provide time sensitive door-to-door package delivery between key metropolitan areas.

The initiative, called Metro-to-Metro Guaranteed Package Delivery Today, will leverage Greyhound Lines’ round-the-clock schedule of frequent intercity departures, and available cargo space on each bus, with Velocity’s comprehensive 24-hour, door-to-door pick up and delivery capabilities.

There are two types of service offered: Metro-To-Metro Today Delivery guarantees door-to-door pick up and delivery within 10 hours, while Metro-To-Metro Sunrise Delivery guarantees overnight service with delivery as early as 6:30 a.m. Both services are value-priced and will allow users to save up to 50 percent on shipping costs. The comprehensive schedules of both companies allow users significant flexibility with late evening pickups while making early morning deliveries.

“This is the new concept of package delivery,” said Vincent A. Wasik, CEO, Velocity. “It uses the successful low cost airlines strategy of picking key city pairs, with strong demand. That permits high productivity levels, which drive down costs and permit exceptional pricing and service. Our focus will be on city pairs generally within 300 miles of each other.”

“Between New York and Boston is just one example where we offer high service frequency, with more than 50 departures every day,” said Jack Haugsland, executive vice president and COO, Greyhound Lines, Inc. “This gives customers the flexibility to ship when they want at an affordable price. Velocity also has an established shipping partner in GPX, as we’ve been delivering packages for more than 90 years.”

The services began Sept. 26, 2005 with the following city pairs: New York City and Boston; New York City and Philadelphia; Dallas and Houston. Additional city pairs will be added in the coming months. For more information visit www.metrotometro.com or call 1-877-990-0199.

About Velocity Express

Velocity Express has one of the largest time critical nationwide delivery networks and provides a national footprint for customers desiring same day service throughout the United States. The Company's services are supported by a customer-focused technology infrastructure, providing customers with the reliability and information they need to manage their transportation and logistics systems, including a proprietary package tracking system which provides customers the ability to view the status of any package via a flexible web reporting system. Visit www.velocityexpress.com for more information.

About Greyhound PackageXpress

Greyhound PackageXpress® (GPX), a division of Greyhound Lines, Inc., has been a leading provider of expedited shipping solutions for more than 90 years. Greyhound moves over one million shipments per year in the U.S. GPX offers a wide range of same-day, expedited and deferred ground delivery services using the Greyhound network of 16,000 daily departures to more than 2,800 North American destinations. GPX is the one-stop source for shipping same day and overnight packages at very attractive rates, offering flexibility with shipment weight and size as compared to other package shipping providers. For additional information visit the GPX website at www.shipgreyhound.com.

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