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Mulkey to facilitate extension of Cardinal’s explosive growth strategy

Concord, N.C. -- November 19, 2002 -- Larry Mulkey, CEO of Mulkey & Associates and former president of Ryder Integrated Logistics, has been appointed to the Board of Directors for Cardinal Logistics Managment (Cardinal). According to Cardinal executives, Mulkey’s appointment further extends the company’s growth strategy in becoming a dominant market leader in the dedicated, delivery and logistics management industry. Annual sales for Cardinal now exceed $200 million.

Cardinal Chairman of the Board, Vin McLoughlin, said the addition of Larry Mulkey to Cardinal’s governance team adds further credibility to the team of experienced industry professionals who currently play a role in guiding Cardinal’s business growth and expansion. “Larry Mulkey is one of the most widely recognized and respected authorities in our industry,” said McLoughlin. “We look to Larry’s extensive expertise and vision to play a pivotal role in helping Cardinal manage our explosive growth in the dedicated and delivery markets and assist us in meeting our strategic goal of becoming the most trusted leader in the dedicated, delivery and logistics business nationwide.”

An industry veteran with more than 32 years experience in transportation and logistics, Mulkey served as President of Ryder Integrated Logistics and was responsible for leading the team that changed the vision and strategy of a $300M dedicated business to the world’s leading third-party integrated logistics provider with revenues of more than $3 billion. While at Ryder, Mulkey also held a variety of executive positions including President of Ryder International and President of the Ryder Student and Commercial Business Division.

Throughout his extensive career, Mulkey admits there is one industry accolade that he treasures with the highest regard. In 1996, he was honored as recipient of the Distinguished Service Award presented by the Council of Logistics Management (CLM) – the highest honor awarded in the logistics industry.

“Having been selected to receive this honor from more than 7,000 top candidates worldwide was an incredible and humbling experience,” he said.

Mulkey has participated on the Board of Directors and executive committees of a number of prominent industry associations including the American Trucking Association; International Center for Competitive Excellence; and served as chairman of the American Trucking Association Foundation. In addition to his recent board appointment for Cardinal, Mulkey also serves on the Board of Directors for Streicher Mobile Fueling, Inc. A resident of Placida, FL, Mulkey is CEO of the consulting firm, Mulkey & Associates, Inc.

About Cardinal Logistics Management Corporation
Headquartered in Concord, N.C., Cardinal is one of the country’s leading dedicated transportation solution providers. Cardinal's logistics experts work directly with clients to optimize their supply chains by developing and implementing customized transportation solutions including specialized equipment and handling, and integrated technology. Cardinal’s services include dedicated contract carriage, home and jobsite delivery, transportation management, supply chain consulting, warehousing and distribution for companies like AutoZone, Eastman Kodak Company, KraftMaid Cabinetry and Office Depot.

Amanda Pelfrey
Marketing Manager
Cardinal Logistics Management Corporation
1000 Old Roswell Lakes Parkway, Suite 300
Roswell, GA 30076
770-993-5662 x32
apelfrey@cardlog.com

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