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AEI Names Sjoerd Van Loon Vice President Europe, UK Managing Director

DARIEN, CT USA (January 19, 1999) -- AEI announces that its Board of Directors has elected Sjoerd van Loon to the position of Vice President, Europe and UK Managing Director.

Mr. van Loon will assume his new position on February 1, 1999 and be based at AEI's European headquarters in Staines, UK. Chris Buckerfield, who held the top European post for five years, will continue with AEI in an advisory role until August 1, 1999.

Mr. van Loon has 32 years experience in the freight transportation and logistics industry. Prior to this new appointment, he was AEI's country manager for the Netherlands, a post he has held since January 1998. As country manager for the Netherlands, he successfully integrated Mueller Freight Services and AEI operations.

"For some time, we have been aware of Chris Buckerfield's intention to step down during the first quarter of 1999," said Guenter Rohrmann, AEI's president and chief executive officer. "I wish to pay tribute to the outstanding contribution Chris has made to AEI since 1993. During this period he has enhanced AEI's position as one of the leading logistics companies in Europe.

"In Sjoerd van Loon, we have a natural and capable successor who will ensure continuity in this important region. Sjoerd's expertise make him the ideal candidate to lead AEI Europe into the next century," said Rohrmann.

Chris Buckerfield added, "I am delighted that Sjoerd has been given this opportunity. He has a strong track record in both freight and logistics and a clear understanding of customers' diverse needs. He is well-established within AEI's European organization and is the ideal person to build on the company's success in Europe."

Mr. van Loon began his career with KLM Cargo in 1967. In 1976 he joined Pakhoed Rotterdam NV, a leading Dutch logistics concern and held various sales and operational management positions for its air freight division HAT/Pandair. In 1985, he joined Mueller NV as airfreight director and was then promoted to director of its transportation division. In 1991, he led a management buyout of Mueller Freight Services Group, which was then acquired by AEI in December 1996.

Headquartered in Darien, CT, AEI is a world leader in integrated logistics services, delivering multi-modal transportation, warehousing and distribution, customs brokerage and information management solutions across a network of 711 locations in 135 countries.

Candace Bouchard
Tel: (203) 655-5792
Fax: (203) 655-5895
exocb@aeilogis.com

Eric S. Vargas
Tel: (504) 681-2227
Fax: (504) 524-9058
lusesv@aeilogis.com