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ECONOCARIBE, LCL GROUP FORM EXCLUSIVE AGENCY AGREEMENT

ECONOCARIBE, LCL GROUP FORM EXCLUSIVE AGENCY AGREEMENT

   Econocaribe Consolidators, a non-vessel-operating common carrier in Miami, has formed an exclusive agency agreement with the LCL Group of India.

   LCL Group will use Econocaribe’s network to provide less-than-containerload freight service to Latin America and the Caribbean, reducing the NVO’s transit times by three to four weeks.

   Econocaribe will use LCL Group’s India network to provide:

   * Direct Miami consolidations to Mumbia and Chennai on a weekly basis.

   * Freight collect acceptance to all major Indian markets.

   * Transit time reductions of three to four weeks.

   * Online tracking.

   * Sea-air and air-sea transport options.

   Econocaribe recommends that freight forwarders and shippers should plan LCL freight moves to India three months in advance of delivery dates.