Volvo Trucks receives order for 500 new Volvo VN models from U.S. Xpress

Volvo Trucks Receives Order for 500 New Volvo VN Models from U.S. Xpress Volvo Trucks North America, Inc., today announced that U.S. Xpress Enterprises, Inc., has ordered 500 of Volvo's new VN highway tractors. Delivery of the VNL780 models will begin in the second quarter of 2003, and is expected to extend over a twelve-month period. One hundred of the vehicles will be equipped with Volvo VE D12 engines; the remainder will be equipped with Cummins ISX engines. "Since its introduction only a few weeks ago, the new VN model is generating a tremendous amount of positive feedback from our customers and dealers," said Scott Kress, Volvo senior vice president - sales. "We're very pleased that U.S. Xpress, which has been a valued Volvo customer since 1998, has decided to add the new VN to its first-class fleet." "An endorsement from U.S. Xpress is a great compliment," said Russ Tedder, Volvo vice president - national accounts. "When they choose a product, it is based on data and proven performance." Headquartered in Chattanooga, TN, U.S. Xpress Enterprises, Inc., is a service leader in the transportation industry, providing customized transportation, logistics and information services that position the company as a preferred provider, or "core carrier," to a diversified group of high-quality customers. The company is recognized in the transportation industry as a technology leader. The new Volvo VN model, introduced to the public on August 20, is the trucking industry's first new vehicle of the 21st century. The VN highway tractor is the result of a three-year, multi-million dollar investment that has resulted in a new Class 8 truck standard for productivity, aerodynamics, driver safety and comfort. Volvo Trucks North America is a member of the Volvo Group, a publicly held company headquartered in Gothenburg, Sweden. With annual sales of approximately 18 billion U.S. dollars, Volvo's business areas include heavy trucks, buses, construction equipment, marine and industrial drive systems, aerospace, and financial services. In the United States, Volvo shares are listed on NASDAQ and are traded as ADRs (symbol: VOLVY). For more information, visit our Web site at http://www.volvotrucks.us.com September 9, 2002 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/09/20020909BIT00780/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/09/20020909BIT00780/wkr0002.pdf