Velocity Express Inc.

Vincent A. Wasik was appointed as Velocity Express Chairman of the Board in August 2001 and was further appointed President and Chief Executive Officer in July 2003. Mr. Wasik is also the Co-Founder and a Principal of MCG Global. With MCG Global and previously as President of Fidelco Capital Group, Mr. Wasik has been the sponsor of numerous private equity and leveraged buyout transactions. Mr. Wasik has served as Chairman and CEO of National Car Rental System, Inc., after leading the $1.6 billion leveraged buyout from Household International in 1986. As Vice President of Wesray Corp., he participated in a number of transactions such as Gibson Greeting Cards, RCA Mobile Communications and Avis Car Rental. Prior to Wesray he strategically positioned Holland America Line as one of the industry's leading upscale cruise lines, serving as the company's President and CEO. In addition, he has been Executive Vice President and a Board Member of the Hertz Corporation. Mr. Wasik is also an Advisory Board Member of Mitchell's/Richards, the largest upscale clothing retailer in Connecticut. Mr. Wasik holds both a Bachelor of Arts (Cum Laude) and a Masters of Business Administration degree from Michigan State University. He has served as a Captain in the U.S. Army, receiving the Army Commendation Medal for outstanding achievements. In addition, he has been awarded the Chicago Tribune Silver Award for Leadership.

Mr. Hendrickson joined the company in December 2003. Mr. Hendrickson has more than 30 years of experience as a senior executive and chief operating officer. He is results-oriented, with a career record of success involving major corporate and privately held transportation, logistics and highly competitive consumer service businesses. Prior to joining Velocity Express, Mr. Hendrickson was Chief Executive Officer (CEO) and President of Sport & Health Company. A privately held company headquartered in McLean, Virginia, S & H is one of the top ten largest health and athlectic club operators in the United States. He has also served in a senior executive capacity for such organizations as Brinks, Inc., National Car Rental System, Inc., Chase Manhattan Corporation, and Hertz Corporation.

Alex Paluch was appointed to the Board of Directors in August 2001. Since 1997, Mr. Paluch has been a General Partner at East River Ventures Partnership, an investment firm, which focuses in part on emerging technology-driven companies. Mr. Paluch currently serves on the board of directors of Equity Enterprises, Inc.

Mr. Stone joins Velocity with nearly 30 years of experience as a corporate financial executive. His prior CFO assignments include Solucient, a leading supplier of information to the healthcare industry, where from 2001 to 2003 he helped integrate four predecessor companies and fund the product and service improvements that allowed the company to resume profitable sales growth. Since 2003, Mr. Stone has been active providing CFO consulting services to mid-sized and early-stage companies in the software, information and manufacturing industries. From 1998 to 2000, Stone was CFO for Executone Information Systems, Inc. (formerly NASDAQ: XTON) and Acting CEO for Executone's Healthcare Systems division. From 1995 to 1998, he served as Vice President, Finance for a $2 billion group within The Thomson Corporation, and from 1993 to 1995, Mr. Stone was Chief Financial & Administrative Officer for Krueger International, a leading manufacturer of office furniture. Previously, Mr. Stone was employed from 1988 to 1993 by the Searle Pharmaceuticals subsidiary of The Monsanto Company. He joined Searle as Corporate Controller and was promoted to Vice President, Finance with responsibility for Searle's controllership, treasury, tax and information technology operations. He began his career with Pfizer, Inc. in 1976, where he spent seven years in a variety of increasingly responsible positions, including the last three and a half years as Controller for Pfizer's Roerig Division.

Ms. Perry-Durbin joined Velocity Express in February 2000. As Vice President, Workforce Resources, Ms. Perry-Durbin has strategic responsibility for all aspects of Velocity workforce management, including human resources, employee relations, employee payroll, driver qualification, independent contractor relations, and enforcement of related risk management practices. Ms. Perry-Durbin's 16 years in human resources management includes design, development, and implementation of recruiting, compensation, and training programs. Her experience also includes labor relations and employment law in the energy, manufacturing and retail sales industries with Shell Oil, Amoco and Fleetwood. Other experience includes insurance liability defense with the Houston law firm of Hirsch, Glover, Robinson & Sheiness. Prior to entering the human resources management field, Ms. Perry-Durbin served as adjunct professor at the University of Houston teaching legal research and investigative methods. Ms. Perry-Durbin holds a BA from West Texas A&M, an MBA from Houston Baptist University, a certification from Southwestern Paralegal Institute, and the SPHR designation from the Society for Human Resources Management.

Mr. Carlesimo served as Vice President - General Counsel and Secretary of CD&L since September 1997. From July 1983 until September 1997, Mr. Carlesimo served as Vice President of Legal Affairs of Cunard Line Limited. Earlier in his career, Mr. Carlesimo served as Staff Counsel to Seatrain Lines, Inc., a cargo shipping company and was engaged in the private practice of law. Mr. Carlesimo received a B.A. in Economics from Fordham University in 1975 and received his law degree from Fordham University School of Law in 1979. Mr. Carlesimo is a Member of the Bar of the states of New York and New Jersey.

Leslie E. Grodd was appointed to the Board in January 2003. A Certified Public Accountant and attorney, Mr. Grodd is counsel to the law firm of Halloran & Sage LLP in its Westport, Connecticut office. Before his association with Halloran & Sage, Mr. Grodd was a founding Principal in the law firm of Blazzard, Grodd & Hasenauer, P.C., Westport, Connecticut since 1974. Prior to forming Blazzard, Grodd & Hasenauer, Mr. Grodd was associated with the firm of Coopers & Lybrand (now PricewaterhouseCoopers). Mr. Grodd is the former chair of both the Federal Tax Committee of the Connecticut Society of Certified Public Accountants and the Executive Committee of the Tax Section of the Connecticut Bar Association.

RICHARD A. KASSAR has been a director of World Fuel since August 2002. Mr. Kassar has been employed as Chief Executive Officer of Freshpet Company, a pet food company, since October 2006, and is currently a principal of Go7Brands, LLC, a brand management company, where he also serves as Senior Vice President and Chief Financial Officer. From February 2002 to July 2006, Mr. Kassar was the Senior Vice President and Chief Financial Officer of The Meow Mix Company. From May 2001 to January 2002, he was self-employed as a consultant to venture capital firms, advising them primarily on the acquisition of consumer brands. From December 1999 to May 2001, Mr. Kassar was employed as Co-President and Chief Financial Officer of Global Household Brands. From 1986 to December 1999, he was employed by Chock Full O Nuts in various positions, and most recently served as Senior Vice President and Chief Operating Officer. Mr. Kassar also serves as a director of Velocity Express, Inc., a NASDAQ company, and currently serves as the chairman of its audit committee and a member of its compensation committee. Mr. Kassar is the first cousin of Michael J. Kasbar, our President and Chief Operating Officer and a director of World Fuel.