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U.S. Bank PowerTrack and Schneider Logistics Discuss State of Transportation at 7th Annual Financial Supply Chain Conference

MINNEAPOLIS--(BUSINESS WIRE)--March 9, 2007--PowerTrack, the payment outsourcing solution from U.S. Bank, will join forces with Schneider Logistics, Inc., an international lead logistics provider and part of the Schneider National enterprise, to host a "State of the Transportation Industry" forum at the upcoming U.S. Bank Financial Supply Chain Conference March 20-22 in Dallas.

The session will take place on Tuesday, March 20. PowerTrack and Schneider Logistics executives will examine recent trends faced by companies managing their supply chains, such as managing overall costs, transportation infrastructure, driver shortages, regulatory impacts for 2007 and rate expectations by mode for 2007. Schneider Logistics brings decades of network optimization experience to this informative session. In addition to the "State of the Transportation Industry," Schneider Logistics will also present a session on supply chain analysis from a third-party logistics (3PL) perspective.

"U.S. Bank and Schneider Logistics have formed a formidable alliance to capture, analyze, and interpret leading financial indicators, transportation trends, and supply chain analytics as they relate to expanding geographies and services in the global marketplace," said Rick Langer, senior vice president and general manager for PowerTrack.

"This powerful combination will deliver broader services currently not seen in the transportation and logistics industry. Combining PowerTrack's world class financial expertise with Schneider's extensive transportation knowledge and supply chain expertise will continue to bring value to all of our customers," Langer said. U.S. Bank acquired Schneider Payment Services, a division of Schneider International, in June 2006, which made PowerTrack the largest freight payment provider in the United States.

For more information about the "State of the Transportation Industry" forum and the 2007 U.S. Bank PowerTrack Financial Supply Chain Conference, please visit www.powertrackglobal.com.

About PowerTrack Payments

PowerTrack provides trusted outsourced payment solutions for freight, telecom, utilities, and general accounts payable. Global companies seeking to eliminate expenses while increasing fiscal control and business intelligence rely upon PowerTrack and U.S. Bank to make millions of electronic business-to-business payments each year in currencies around the world. Efficient invoice delivery and receipt, pre-payment audits, automated approvals, electronic settlement, and integrated trade financing make PowerTrack the leading choice in A/P outsourcing. To learn more about PowerTrack or for a demonstration, call (800) 925-4324 or visit PowerTrack on the web at www.powertrackglobal.com .

About Schneider Logistics/Schneider National

Schneider Logistics, Inc. is an international logistics provider to Global 2000 companies. Schneider Logistics helps customers capture strategic business value from their supply chains in the form of lower distribution costs, reduced inventory, improved customer service and increased availability to working capital. Together with its subsidiaries American Port Services and American Overseas Logistics, the company provides end-to-end supply chain management, transportation management and international logistics services.

Schneider Logistics is a wholly owned subsidiary of Schneider National, a premier provider of truckload, logistics and intermodal services. Headquartered in Green Bay, Wis., Schneider National has provided expert logistics and transportation solutions for more than 70 years. A $3.7 billion company, Schneider National conducts business in more than 28 countries in North America, Europe and Asia, and continues to grow its international service offerings. For more information about Schneider Logistics visit www.schneiderlogistics.com or call (800) 558-6767.

About U.S. Bancorp

U.S. Bank Corporate Payment Systems is part of U.S. Bancorp (NYSE:USB). U.S. Bancorp, with $219 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,472 banking offices and 4,841 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

    CONTACT: U.S. Bank Media Relations
             Teri Charest, 612-303-0732
             PowerTrack Marketing
             Robert Fleischman, 612-973-1656

    SOURCE: U.S. Bank
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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