UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549
                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                 August 19, 1998
                Date of Report (Date of earliest event reported)



                     CONSOLIDATED DELIVERY & LOGISTICS, INC.
             (Exact name of Registrant as specified in its charter)


               Delaware                  0-26954           22-3350958
(State or other jurisdiction of     Commission File      (IRS Employer
incorporation or organization)          Number)        Identification No.)



380 Allwood Road, Clifton, New Jersey                        07012 
(Address of principal executive offices)                   (Zip Code)
                         


(Registrant's telephone number, including area code)     (973) 471-1005

                                 NOT APPLICABLE
   (Former name or former address,  if changed since last report.)



<PAGE>


ITEM 5.         Other Events

On August 19, 1998,  Consolidated  Delivery & Logistics,  Inc.  (the  "Company")
announced that it has commenced a private placement for the proposed sale of $20
million senior subordinated notes with attached warrants to be used primarily to
fund the Company's acquisition program.



ITEM 7.         Financial Statements and Exhibits

                c.   Exhibit

                99.1    Press Release issued August 19, 1998.




<PAGE>





                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



Dated:   August 19, 1998           CONSOLIDATED DELIVERY & LOGISTICS, INC.
                                              (Registrant)




                                   By:  /s/ Albert W. Van Ness, Jr.
                                        Albert W. Van Ness, Jr.
                                        Chairman of the Board, Chief Executive
                                        Officer and Chief Financial Officer



<PAGE>


Exhibit 99.1
FOR IMMEDIATE RELEASE,
CONTACT:
                                                      Desmond Towey
Mark Carlesimo, General Counsel                       Bernadette McLaughlin
Consolidated Delivery & Logistics, Inc.               Desmond Towey & Associates
TEL (973) 471-1005                                    TEL (212) 888-7600
FAX (973) 471-5519                                    FAX (212) 888-7686

        CONSOLIDATED DELIVERY & LOGISTICS IN MARKET TO RAISE $20 MILLION

                 *Private Placement Expands Acquisition Program*

Clifton, NJ (August 19, 1998) - Consolidated Delivery & Logistics, Inc. (NASDAQ:
CDLI) today announced that it has commenced a private placement for the proposed
sale of $20 million of senior  subordinated notes with attached  warrants.  "The
senior notes will be offered  privately  through a placement  agent to a limited
number of institutional  and accredited  investors." This financing will augment
the $15  million  senior  debt  facility  currently  in place  and is to be used
primarily to fund the Company's acquisition program.

Albert W. Van Ness, Jr., Chairman and CEO stated, "Selecting strategically smart
acquisitions is one of the Company's key goals for 1998 and 1999.  Securing this
additional financing, will enable the Company to continue to aggressively pursue
this goal.

The notes being  offered have not been,  and will not be,  registered  under the
Securities Act of 1933 or any state securities, laws and they may not be offered
or sold in the United States absent registration or an applicable exemption from
registration requirements."

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 and
acquisitions  strategy.  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 will lack of satisfactory
merger  or  acquisition   candidates   and/or  have  an  inability  to  conclude
acquisitions  or  mergers  on  satisfactory   terms,  and  inability  to  obtain
acquisition  financing  on  satisfactory  terms or other risks  specified in the
Company's  SEC filings.  No assurance can be given that any of the notes will be
sold.

Consolidated Delivery & Logistics,  Inc. headquartered in Clifton, New Jersey is
a full service,  same day ground and air delivery and logistics  company with 60
offices in 23 states and the District of Columbia.  The Company has nearly 3,000
employees  and utilizes over 1,000  independent  contractors  in providing  time
sensitive delivery services to thousands of businesses.
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UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549
                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                 August 19, 1998
                Date of Report (Date of earliest event reported)

                     CONSOLIDATED DELIVERY & LOGISTICS, INC.
             (Exact name of Registrant as specified in its charter)

               Delaware                  0-26954           22-3350958
(State or other jurisdiction of     Commission File      (IRS Employer
incorporation or organization)          Number)        Identification No.)

380 Allwood Road, Clifton, New Jersey                        07012 
(Address of principal executive offices)                   (Zip Code)
                         

(Registrant's telephone number, including area code)     (973) 471-1005

                                 NOT APPLICABLE
   (Former name or former address,  if changed since last report.)
ITEM 5.         Other Events

On August 19, 1998,  Consolidated  Delivery & Logistics,  Inc.  (the  "Company")
announced that it has commenced a private placement for the proposed sale of $20
million senior subordinated notes with attached warrants to be used primarily to
fund the Company's acquisition program.

ITEM 7.         Financial Statements and Exhibits

                c.   Exhibit

                99.1    Press Release issued August 19, 1998.
SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Dated:   August 19, 1998           CONSOLIDATED DELIVERY & LOGISTICS, INC.
                                              (Registrant)

                                   By:  /s/ Albert W. Van Ness, Jr.
                                        Albert W. Van Ness, Jr.
                                        Chairman of the Board, Chief Executive
                                        Officer and Chief Financial Officer
Exhibit 99.1
FOR IMMEDIATE RELEASE,
CONTACT:
                                                      Desmond Towey
Mark Carlesimo, General Counsel                       Bernadette McLaughlin
Consolidated Delivery & Logistics, Inc.               Desmond Towey & Associates
TEL (973) 471-1005                                    TEL (212) 888-7600
FAX (973) 471-5519                                    FAX (212) 888-7686

        CONSOLIDATED DELIVERY & LOGISTICS IN MARKET TO RAISE $20 MILLION

                 *Private Placement Expands Acquisition Program*

Clifton, NJ (August 19, 1998) - Consolidated Delivery & Logistics, Inc. (NASDAQ:
CDLI) today announced that it has commenced a private placement for the proposed
sale of $20 million of senior  subordinated notes with attached  warrants.  "The
senior notes will be offered  privately  through a placement  agent to a limited
number of institutional  and accredited  investors." This financing will augment
the $15  million  senior  debt  facility  currently  in place  and is to be used
primarily to fund the Company's acquisition program.

Albert W. Van Ness, Jr., Chairman and CEO stated, "Selecting strategically smart
acquisitions is one of the Company's key goals for 1998 and 1999.  Securing this
additional financing, will enable the Company to continue to aggressively pursue
this goal.

The notes being  offered have not been,  and will not be,  registered  under the
Securities Act of 1933 or any state securities, laws and they may not be offered
or sold in the United States absent registration or an applicable exemption from
registration requirements."

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 and
acquisitions  strategy.  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 will lack of satisfactory
merger  or  acquisition   candidates   and/or  have  an  inability  to  conclude
acquisitions  or  mergers  on  satisfactory   terms,  and  inability  to  obtain
acquisition  financing  on  satisfactory  terms or other risks  specified in the
Company's  SEC filings.  No assurance can be given that any of the notes will be
sold.

Consolidated Delivery & Logistics,  Inc. headquartered in Clifton, New Jersey is
a full service,  same day ground and air delivery and logistics  company with 60
offices in 23 states and the District of Columbia.  The Company has nearly 3,000
employees  and utilizes over 1,000  independent  contractors  in providing  time
sensitive delivery services to thousands of businesses.