Press Release

For Immediate Release                      Contact:                         Raymond Bell/Randy Bell

                                                                                                406-433-1733/406-248-3773

Bob’s Pickup & Delivery, Inc. signs definitive agreement to be purchased by Old Dominion Freight Lines

Randy, Raymond and their father, Robert (Bob) Bell , Owners, Bob’s Pickup & Delivery, Inc. announced today that Old Dominion Freight Lines, Inc., headquartered in Thomasville , NC would purchase selected assets of Bob’s Pickup & Delivery headquartered in Sidney , MT.   They currently have thirteen terminals in Billings , Bozeman , Butte , Glendive, Great Falls , Havre, Helena , Kalispell, Lewistown, Miles City , Missoula , Sidney Montana and Bismarck , ND .

 Effective Friday, February 15, 2008, Old Dominion will add to its current route structure the twelve Bob’s terminal operations in the state of Montana and combine the Bismarck , ND facility: thus increasing the ODFL network to 204 service centers.  Through the acquisition, Old Dominion Freight Line will now provide direct coverage to every state in the Continental United States.

The Bell ’s stated “Since 1980, our family has been involved in regional LTL Transportation and we were committed to providing customers with the most reliable overnight and second day transportation service in Montana and North Dakota .  We have thoroughly enjoyed our years in the freight industry.  This decision was not an easy one for us to make.  As we discussed our options we had to decide if we were going to join forces or compete with another national carrier. In looking out for the future of our employees and customers the doors kept opening for us to join forces. The fact that a large percentage of employees will be able to stay on with OD was important to us.  We also wanted to make sure that our customer’s transportation needs would be taken care of.  In order for Bob’s to remain competitive we would have had to expand to larger cities.  This would have required a tremendous investment in equipment, personnel, and technology.  We believe this transaction with Old Dominion Freight Line presents tremendous opportunity for our customers and employees.  We were impressed with the “family culture” at Old Dominion, and together we share many similarities of family run transportation companies.”

Earl E. Congdon, Executive Chairman of the Board of Old Dominion Freight Line, Inc, said, “Bob’s is a very well-run company with a strong franchise in Montana and the   Bismarck, ND market and they have built an excellent reputation for providing quality transportation service. The move is consistent with our growth and service strategy, and is also consistent in keeping with our focus of building a world-class multi-regional and national network.”

 “Old Dominion will now provide direct coverage to 48 states with 100% full state coverage to 39 states.  We currently offer high quality regional and inter-regional service within and between the Northeast, Southeast, Midwest, Central States , Gulf States and Western areas of the United States .  This transaction enhances our current nationwide service offering and provides our customers with 100% full state coverage to Montana . Old Dominion customers will receive improvements to an already comprehensive OD-Domestic product offering with the additional direct service offering.”

 “We plan to continue the quality intrastate and interstate service that Bob’s Pickup & Delivery has provided its customers and we will be focused on continuously improving the service product. In addition, we are committed to providing our new customers “Best-in-Class” inter-regional service, as well as, our added value products that include time definite OD-Expedited Service, international service within our OD-Global division, and high-speed state of the art OD-Technology services.”

February 11, 2008

Dear Customer:

We are pleased to announce that we have sold selected assets of Bob’s Pickup & Delivery to Old Dominion Freight Line, Inc. based in Thomasville , North Carolina .  Since 1980, our family has been involved in regional LTL Transportation and we were committed to providing customers with the most reliable overnight and second day transportation service in Montana and North Dakota.  Over the past 27 years with your loyal support and the dedication of our employees, we have built Bob’s into a transportation leader in our service market.  

We believe the transaction with Old Dominion Freight Line presents tremendous opportunity for our customers. Now you can experience the premier regional service you have become accustomed to when shipping with Bob’s along with the strength and scope of Old Dominion’s regional, national and international service markets.   

We have been impressed with the "family culture" at Old Dominion, and their ability to provide a comprehensive service product both domestically and globally. Old Dominion’s purchase of Bob’s assets allows them to purchase a well-run company with a strong franchise in our service areas.  The move is consistent with their growth and service strategy, and is also in keeping with their focus of building a world-class multi-regional and inter-regional network.  It also offers our customers a single source national shipping solution.

Old Dominion plans to maintain our operational network, service centers and line haul operations, providing the same service you currently have.  Along with Bismarck, Billings, Butte and Missoula being gateways to Montana from their United States network. 

An effective plan has been developed between Bob’s and Old Dominion to ensure a smooth transition. Bob’s will continue full operations and service to you through the end-of-business Friday, February 15^th, 2008.  After which time, Old Dominion will assume all operations and serve your transportation needs. Old Dominion will also be hiring as many Bob’s personnel as possible, so that we may continue to provide you with the highest standards of service.

Old Dominion is not assuming Bob’s Pickup & Delivery accounts receivables or liabilities which Bob’s incurred prior to the transfer of operations.  Bob’s Pickup & Delivery will continue to administer and be solely responsible for these liabilities and will maintain an office in Sidney , MT to address these concerns.  We are committed to addressing every issue in a prompt and professional manner and can be reached by calling 406-433-1733.

On behalf of the management and employees of Bob’s Pickup & Delivery, we would like to thank each of you for your loyalty to our organization and team members over the past 27 years.  It has truly been our pleasure to serve you. In addition, we would ask that you support our people and Old Dominion in this new endeavor with your continued business.

Sincerely,

Raymond Bell                                                   Randall Bell

Bob’s Pickup & Delivery                                  Bob’s Pickup & Delivery