Volvo AB

Yellow Transportation places order for 154 new Vol

Yellow Transportation Places Order for 154 New Volvo VN's

Volvo Trucks North America, Inc. today announced Yellow Transportation,
Inc., ordered 154 Volvo VNM daycab tractors, for delivery in the first
quarter of 2003. Yellow will take delivery of the new Volvo trucks
through its long-time dealer, Westfall Volvo and GMC Truck, Kansas City,
Mo.

Yellow's new Volvo VNMs are a mix of single- and tandem-axle tractors.
Each is powered by Volvo VED12 engine. The VED12 complies with the
EPA'02 emissions standards which went into effect October 1.

"Yellow Transportation has been a valued customer of Volvo since 1988
and we are very pleased to continue the great relationship between our
two companies with our new generation of products," said Scott Kress,
Volvo Trucks vice president - sales. "We are especially pleased that
Yellow will now be using our Volvo engines, as well as our trucks. This
is a strong vote of confidence in Volvo Trucks' new products."

"For 78 years, our company has focused on customer service and quality,
so we hold our trucks to very high standards in all areas," said Mark
Lindahl, manager, equipment procurement for Yellow Transportation. "The
new VN will carry on that tradition for us. The VN has been very popular
with our drivers for its smooth, comfortable ride, its safety and its
reliability."

As the largest subsidiary of Yellow Corp., Overland Park, Ks., Yellow
Transportation, Inc., is one of the largest commercial transportation
providers in the United States.

December 6, 2002

For further information pls contact: Jim McNamara, tel +1 (336) 393-2143

Volvo Trucks North America is a member of the Volvo Group, a publicly
held company headquartered in Gothenburg, Sweden. With annual sales of
approximately $18 billion, Volvo's business areas include heavy trucks,
buses, construction equipment, marine and industrial drive systems,
aerospace, and financial services. In the United States, Volvo shares
are listed on NASDAQ and are traded as ADRs (symbol: VOLVY).