Home Depot Expands Seasonal Overflow Program

HAMDEN, Conn. - March 13, 2003 - Kuehne & Nagel's wholly owned subsidiary, USCO Logistics, a leading North American provider of integrated supply chain

March 17, 2003

Home Depot, the world's largest home-improvement retail chain, will use the distribution centers to position high-velocity oversized products critical to its spring selling season closer to the stores. Shipments will move direct-to-store without burdening the existing warehouse network during this important peak period.

USCO Logistics has extensive experience designing specialized solutions that help some of the world's best-known discount, department, specialty and home improvement retailers meet their industry challenges, including automated apparel processing, forward buy and non-merchandise store support, and import/export consolidation.

USCO Logistics is part of Kuehne & Nagel International AG, Schindellegi, Switzerland, a leading global logistics provider, with 17,500 employees at 600 locations in 94 countries. USCO, which includes among its customers Wal-Mart, JC Penney, Target, Nortel Networks, Sun Microsystems, Hoffman-LaRoche and AstraZeneca, operates 15 million square feet of shared and dedicated distribution centers space throughout North America. For more information, please visit www.usco.com.