Velocity Express Corporation (Velocity) is engaged in the business of providing time definite ground package delivery services. The Company operates primarily in the United States with limited operations in Canada. Velocity operates in a single-business segment. The Company has a network of time definite logistics solutions in the United States and are is a provider of distribution, scheduled and expedited logistics services. Velocity’s service offerings are divided into three categories: distribution logistics, consisting of the receipt of customer bulk shipments that are divided and sorted at metropolitan locations for delivery to multiple locations; scheduled logistics, consisting of the daily pickup and delivery of parcels with narrowly defined time schedules predetermined by the customer, and expedited logistics, consisting of point-to-point service for customers with time sensitive delivery requirements.