OVNT Overnite Corp (MM)

Overnite Corporation Updates First Quarter Guidance RICHMOND, Va., April 8 /PRNewswire-FirstCall/ -- Overnite Corporation (NASDAQ:OVNT) announced today that first quarter 2005 earnings per share ("EPS") will be at or above the high end of its previously provided guidance of $0.32 to $0.38 per share. "We continued to see improvement in our customer mix and a stable pricing environment during the first quarter. Our daily tonnage growth was consistent with our expectations of 2% to 3% for the first quarter," stated Leo H. Suggs, Chairman, CEO, and President of Overnite Corporation. Overnite Corporation will release first quarter 2005 financial results after the market closes on April 28, 2005. A conference call to discuss first quarter results will be held at 8:30 a.m. EDT on Friday, April 29. Conference call details will be provided within the next couple of weeks. Overnite Corporation is a leading, predominately non-union provider of less-than-truckload and selected truckload services. Overnite provides a full spectrum of regional, inter-regional, and long-haul services, including full- state coverage to all 50 states and direct access to more than 45,000 cities in the United States, Canada, Puerto Rico, Guam, the U.S. Virgin Islands and Mexico. Services are provided by two primary subsidiaries: Overnite Transportation Company (Richmond, VA) and Motor Cargo Industries, Inc. (Salt Lake City, UT). The Corporation's two subsidiaries operate more than 200 service centers, a fleet of over 6,000 tractors and 22,000 trailers. Forward-looking statements made by the Company are based on a number of assumptions, estimates and projections. These statements are not guarantees of future performance and involve risks and uncertainties, including those set forth in documents filed by the Company with the Securities and Exchange Commission, and any significant deviations from these assumptions could cause actual results to differ materially from those in forward-looking statements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. DATASOURCE: Overnite Corporation CONTACT: Ira Rosenfeld, Director, Corporate Communications, +1-804-291-5362, , or Mike Mahan, Vice President - Treasurer and Planning, +1-804-231-8852, both of Overnite Corporation Web site: http://www.overnite.com/

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