Michael Testman Named as New CEO

"We are pleased to announce that Michael Testman has been named as the company's new CEO," said Reehl. "He is exactly the right person to complete JHT Holdings' reorganization and lead the company to future growth and prosperity."

Michael Testman is currently President of ATC Leasing, a JHT Holdings' subsidiary company. The appointment will be effective November 1, 2008. Mr. Testman has more than 20 years of experience in the truck transportation industry, having also served as CFO and Controller for other companies in the industry. In addition to having a strong financial understanding of the industry, Mr. Testman brings a fundamental understanding of all levels of truck transportation, including internal and external support, labor involvement, logistics coordination and customer service to JHT Holdings.

"I am excited about the opportunity to help lead this fine company," said Testman. "JHT Holdings has a very bright future ahead of it, thanks to an exceptional management team, a fundamentally strong business model and an effective reorganization plan. All of these strengths were evident in the way the management team led the company through the financial reorganization. JHT Holdings promised it would exit from Chapter 11 within six months; instead it did it in four months. The Company assured customers it would maintain the highest levels of customer service throughout the reorganization and it has."

Mr. Testman will replace interim CEO James Welch, who joined JHT Holdings in September 2007 as interim CEO to guide it through a challenging financial situation resulting from the weak truck manufacturing market. His efforts as CEO culminated with Friday's successful emergence from Chapter 11. Mr. Welch will become the president and chief executive officer of Dynamex Inc., a provider of delivery and logistics services, effective November 1, 2008.

"We are grateful to James for his exceptional leadership during this important transition for JHT Holdings," said Testman. "He led us through a successful financial reorganization, and we are excited that he will continue to be a part of the future at JHT by serving on the board of directors."

"I am proud to have been a part of the outstanding leadership team at JHT Holdings," said Welch. "I have been impressed with their professionalism, hard work and commitment to excellence. I know the company is in good hands as it begins this new chapter of success."