Exel, the UK based global leader in supply chain management, announced the opening of a new office in Buenos Aires, Argentina, to support its global freight management operations.

Strategically located in Buenos Aires, the new office accesses key transportation services in Latin America's South Cone.With the expertise of their operational team, Exel in Argentina handles both imports and exports from the site including air, ocean and overland shipments.

"We operate with a diversified portfolio of global clients and look towards gaining a larger presence in Argentina in the first quarter of 2004," said Frank Engel, Exel's Vice President - South America. The expansion into Argentina creates a strong network in Latin America, bringing together exceptional customer-focused solutions and the full benefit of working with a global leader in logistics. The new office will be a key asset in the development of this region."

"As the global leader in supply chain management, we continuously look for growth opportunities allowing us to deliver our customers fully-integrated supply chain solutions," said Dan Gardner, Exel's President of Latin America. "The opening of the Argentina office is a testament to the hard work and dedication our associates put forth each day throughout the region and is another success story for Exel."

Exel is the global leader in supply chain management, providing customer-focused solutions to a wide range of manufacturing and retail industries. Exel's comprehensive range of innovative logistics solutions encompasses the complete supply chain from design and consulting through freight forwarding, warehousing and distribution services to integrated information management and e-commerce support.

Exel employs around 67,000 people in 1,600 locations in over 120 countries worldwide.

For additional info:

Exel Logistics Argentina SA
Av. de Mayo 844 - C1084AAQ - Ciudad Autonoma de Buenos Aires - Argentina.
Tel: 54 11 4342 6001 - Fax: 54 11 4342 2717