2009 NEWS & PRESS RELEASES
Old Dominion Freight Line Inc. and Hanjin Logistics Inc. Announce Joint Guaranteed LCL ServiceCONTACT: Greg Plemmons "Pacific Promise" service to provide guaranteed transit times and simplified rates on shipments from China to the U.S.THOMASVILLE, N.C. (March 26, 2009) — OD Global, a division of Old Dominion Freight Line Inc., and Hanjin Logistics Inc., a subsidiary of top five global shipping company Hanjin Shipping, announce a new joint guaranteed less-than-container load (LCL) service from China to the United States. This new offering, called "Pacific Promise," will allow importers to move LCL quantities with a much higher degree of velocity, predictability and visibility than has been possible using standard LCL, all backed by an industry-leading money back guarantee. "The new joint service harnesses the combined strengths of the Old Dominion network in North America with the Hanjin Logistics infrastructure in Asia and the capability of an industry-leading shipping company, Hanjin Shipping," said Greg Plemmons, Vice President of Old Dominion Global. "Pacific Promise is about velocity and predictability for our customers who are sourcing products in China. They will be able to remove days and dollars from their supply chain while placing their products on U.S. shelves sooner." "We are most excited by the potential of this new alliance," stated Rod Miller, Managing Director of Hanjin Logistics Inc. "There are significant similarities between our respective companies in terms of our goal to provide the import/export community with innovative transportation solutions." Pacific Promise will provide standard guaranteed transit times and simplified rates from three origin ports in China to virtually the entire United States. Customers can check a rate, create a booking and track their shipment from the port to the door online at both Old Dominion's and Hanjin Logistics' Web sites. "We were careful to create a rating and booking process that is very simple for the customer to use," offered Plemmons. "Plus, we give the customer the ability to track the progress of their shipment using their Old Dominion pro number." Rates are expressed as a simple single rate per cubic meter that will be slightly greater than standard LCL but up to 75 percent less than air freight. "Customers will be able to shave 10-plus days off their standard LCL transit times using Pacific Promise," stated Miller. "Based on conversations with our customers, we believe the need for this type of product spans many types of importers." Among those who are particularly interested are importers of:
"Beginning April 1, the service will be offered from the Chinese ports of Shanghai, Shenzhen and Hong Kong to the U.S ports of Long Beach and Los Angeles, but we will look for opportunities to expand in the near term," said Plemmons. To learn more about Pacific Promise, visit www.odfl.com, www.hanjinlogistics.com or send an e-mail with your questions to pacific.promise@odfl.com or hjl-odfl@hanjinlogistics.com. About Old Dominion Freight Line, Inc.Old Dominion Freight Line, Inc. is a leading less-than-truckload (LTL) super regional carrier. Through its non-union work force and four operating groups, OD•Domestic, OD•Expedited, OD•Global and OD•Technology, Old Dominion offers an array of innovative products and services and provides complete nationwide coverage within the Northeast, Southeast, Midwest, Central States, Gulf States and West regions of the country and international services around the globe. Visit Old Dominion online at www.odfl.com. About Hanjin Logistics, Inc.Hanjin Logistics is a full service logistics provider offering a complete suite of products to efficiently handle customer needs throughout the Supply Chain. We bring value to our customers by designing customized solutions through SCM visibility, Management, and Key Performance Standards. Hanjin Logistics offers services throughout Asia, USA, and Europe. Visit Hanjin Logistics online at www.hanjinlogistics.com.
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