FastShip And Schneider Partner Up

Maritime Activity Reports, Inc.

July 20, 2000

FastShip has come to an agreement for international transportation and logistics provider Schneider International to provide three major services to support the FastShip transportation network. The company is formulating a high-speed, transatlantic service linking the middle of Europe to the mid-U.S.

The agreement calls for Schneider National, operating through logistics subsidiaries, to act as the North American third party logistics provider, managing alliance partners and engineering a supply chain that will provide a logistics solution for shippers. Schneider will oversee complete control and cargo accountability over the operation of the North American inland transportation network, which includes intermodal transportation.

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