FOR IMMEDIATE RELEASE


Contacts:

Drew Kronick, Vice President                            Lee Laino
Consolidated Delivery & Logistics, Inc.                 The Dilenschneider Group
(973) 471-1005                                          (212) 922-0900


                     CONSOLIDATED DELIVERY & LOGISTICS, INC.
                            TO BEGIN TRADING ON AMEX


          CLIFTON,  NJ,  February 19, 1999 - Consolidated  Delivery & Logistics,
Inc. announced today that as of February 23, 1999 shares in the company's common
stock will begin trading on the American  Stock  Exchange  under the symbol CDV.
The company's  stock  formerly  traded on the Nasdaq  National  Market under the
symbol CDLI.

          According to Albert W. Van Ness,  Jr.,  Chairman  and Chief  Executive
Officer of CD&L, "We are extremely  pleased to see our stock listed on the Amex.
We believe that this proactive decision to list our shares on the American Stock
Exchange will better optimize  market  liquidity and should provide more orderly
trading of our shares. We expect this move to reinforce investor  confidence and
assure that CD&L's share price is fully and appropriately valued."

          Mr. Van Ness  added "The  Exchange's  Allocation  Committee  presented
several excellent specialist firms for the Company's review. We are pleased that
from this fine group CD&L's management team selected AGS Specialist  Partners as
the Company's market representative."






                                     (more)

          CD&L  expects to announce  4th  Quarter  and full year 1998  financial
results  next  Wednesday,  24 February.  The Company  recently  completed  seven
consecutive  quarters of improved earnings and increased  annualized revenues by
$40 million  through the acquisition of five companies over the past six months.
"We  are  currently  reviewing  several  new  opportunities  in our  acquisition
pipeline  that can add to both  revenue  and  earnings  in 1999,"  Mr.  Van Ness
commented.

          Headquartered  in Clifton,  New Jersey,  CD&L is a national ground and
air provider of customized  time-critical  delivery solutions with 70 offices in
24 states and the District of Columbia.  The company has nearly 4,000  employees
and 1,000 independent  contractors to provide time-critical delivery services to
thousands of businesses across the county.

          This  press  release  contains  certain   forward-looking   statements
regarding  future  events or the future  financial  performance  of the Company.
These  forward-looking  statements  include  comments  on the  Company's  future
business development, operating efficiencies,  operating cost reductions and its
future trading  patterns on the American Stock Exchange.  These  forward-looking
statements  involve  certain risks and  uncertainties  that may cause the actual
events  or  results  to  differ   materially   from  those   indicated  by  such
forward-looking statements.

          Potential risks and uncertainties  include without limitation the risk
that revenues and profits of acquired companies will decrease or fail to improve
over historical results, or that trading activity on the American Stock Exchange
will not prove to  optimize  liquidity  or prove to be more  orderly or that the
Company's  management  group  will  be  unable  to  effectively  and  profitably
integrate acquired  businesses or that the Company will lack satisfactory merger
or  acquisition  candidates to achieve its growth plans or that the Company will
be unable to achieve the cost savings or additional profits  contemplated by the
Company's business management strategy or other risks specified in the Company's
SEC filings.