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                                                                Exhibit 99


Contact:   Robert M. Adamov
           Caliber System, Inc.
           (330) 665-8894


                                                        For Immediate Release


              CALIBER SYSTEM INC. DECLARES DIVIDEND AND ANNOUNCES
                         ANNUAL MEETING OF SHAREHOLDERS


     AKRON, OHIO, February 13, 1997 -- Daniel J. Sullivan, Chairman of the
Board, President and CEO of Caliber System, Inc. (NYSE:CBB), announced today
that the Board of Directors declared a regular quarterly dividend of $0.18 per
share, payable on May 1, 1997 to shareholders of record on April 15, 1997.

     The Board of Directors also scheduled Caliber's Annual Meeting of
Shareholders for Wednesday, May 14, 1997. The meeting will be held at 9:00 A.M.
at the Hilton at Quaker Square, 135 South Broadway in Akron, Ohio.

     Caliber System, Inc. is a leading provider of value-added transportation, 
logistics and related information services. Its operating companies include 
RPS, a business-to-business small-package carrier, Viking Freight, a supplier 
of premium regional and national freight service; Caliber Logistics, a contact 
logistics provider, Roberts Express, a critical-shipment carrier; and Caliber 
Technology, a producer of integrated information services.


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