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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>WASHINGTON, D.C. 20549</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Date of Report (Date of earliest event reported): &nbsp;March 16, 2007</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>EGL, Inc.</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
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<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Texas</B></P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>000-27288</B></P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>76-0094895</B></P>
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<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(State or other jurisdiction</P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Commission</P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(IRS Employer</P>
</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>of incorporation)</P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>File Number)</P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Identification No.)</P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=367.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>15350 Vickery Drive, Houston, Texas</B></P>
</TD><TD valign=top width=271.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>77032</B></P>
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<TR><TD valign=top width=367.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Address of principal executive offices)</P>
</TD><TD valign=top width=271.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Zip Code)</P>
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<P style="margin-top:0pt; margin-bottom:12pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Registrant's telephone number, including area code: &nbsp;<B>(281) 618-3100</B> </P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="margin-top:0pt; margin-bottom:-15pt; padding-left:36pt; text-indent:-18pt; line-height:15pt; font-family:Times New Roman; font-size:12pt" align=justify><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0pt; padding-left:36pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-15pt; padding-left:36pt; text-indent:-18pt; line-height:15pt; font-family:Times New Roman; font-size:12pt" align=justify><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0pt; padding-left:36pt; text-indent:-36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-15pt; padding-left:36pt; text-indent:-18pt; line-height:15pt; font-family:Times New Roman; font-size:12pt" align=justify><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; padding-left:36pt; line-height:13pt; font-family:Times New Roman; font-size:12pt" align=justify>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="margin:0pt; padding-left:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><BIG> </BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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<BR></P>
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<P style="margin-top:0pt; margin-bottom:-16pt; line-height:16pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 1.01</B></P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Entry into a Material Definitive Agreement.</B></P>
<P style="margin-top:0pt; margin-bottom:10.5pt; text-indent:36pt; line-height:12.5pt; font-family:Times New Roman; font-size:12pt" align=justify>In June 2006 EGL, Inc. entered into a settlement agreement with the United States government related to the improper billing of war risk surcharges by EGL on certain shipments of freight for Kellogg Brown &amp; Root, Inc. (&#147;KBR&#148;) in the period from late 2003 to mid-2004. &nbsp;In connection with the investigation conducted by EGL related to the war risk surcharges settlement, EGL voluntarily disclosed to the United States government that EGL&#146;s local agent in Kuwait, Al-Rashed, had, without EGL&#146;s knowledge, possibly overcharged EGL for the rental or demurrage of shipping containers for the period from January through June of 2006. &nbsp;Without knowledge of these overcharges, EGL passed the charges on to KBR, which presumably passed the charges on to the United States government. &nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:10.5pt; text-indent:36pt; line-height:12.5pt; font-family:Times New Roman; font-size:12pt" align=justify>Without admitting any liability with respect to this conduct, EGL entered into a &nbsp;Settlement Agreement with the United States government settling specified civil and administrative monetary claims that the government may have against EGL related to the possible excess demurrage charges. &nbsp;EGL was informed by the United States government on March 16, 2007, that the Settlement Agreement had been agreed to and signed by the government. &nbsp;EGL agreed to pay the government $300,000 pursuant to the settlement. EGL was notified on March 20, 2007 that Al-Rashed has made this payment. </P>
<P style="margin-top:0pt; margin-bottom:10.5pt; text-indent:36pt; line-height:12.5pt; font-family:Times New Roman; font-size:12pt" align=justify>A copy of the Settlement Agreement is attached to this Current Report on Form 8-K as Exhibit 99.1. &nbsp;</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 9.01 </B></P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Financial Statements and Exhibits.</B></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(d) Exhibits</P>
<P style="margin:0pt; text-indent:108pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=126><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit No.</U></P>
</TD><TD valign=top width=457.2><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit</U></P>
</TD></TR>
<TR><TD valign=top width=126><P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">99.1</P>
<P style="margin:0pt; text-indent:49.55pt; font-family:Times New Roman; font-size:12pt"><BR></P>
</TD><TD valign=top width=457.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Settlement Agreement between EGL, Inc. and its subsidiaries and affiliates and the United States of America and its Department of the Army</P>
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<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:12pt; font-family:Times New Roman; font-size:12pt" align=center><BR>
<BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><BIG> </BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>SIGNATURE</P>
<P style="margin-top:0pt; margin-bottom:18pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>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 hereunto duly authorized.</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=319.2><P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Dated: March 19, 2007</P>
</TD><TD valign=top width=319.2>&nbsp;</TD></TR>
<TR><TD valign=top width=319.2>&nbsp;</TD><TD valign=top width=319.2><P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">EGL, INC.<BR>
<BR>
<BR>
By: <U>/s/ Dana A. Carabin</U></P>
<P style="margin:0pt; text-indent:224.1pt; font-family:Times New Roman; font-size:12pt"><U><BR></U></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:-5.4pt; text-indent:27pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Dana Carabin<BR>
</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:-5.4pt; text-indent:229.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">General Counsel and Corporate Secretary<BR>
</P>
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<P style="margin-top:0pt; margin-bottom:12pt; font-family:Times New Roman; font-size:12pt" align=center><BR>
<BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><BIG> </BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="page-break-before:never; margin-top:0pt; margin-bottom:12pt; font-family:Times New Roman; font-size:12pt" align=center><BR>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Exhibit Index</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=126><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit No.</U></P>
</TD><TD valign=top width=457.2><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit</U></P>
</TD></TR>
<TR><TD valign=top width=126><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt">99.1</P>
</TD><TD valign=top width=457.2><P style="margin:0pt; line-height:20pt; font-family:Times New Roman; font-size:12pt">Settlement Agreement between EGL, Inc. and its subsidiaries and affiliates and the United States of America and its Department of the Army</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt"><BR></P>
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<BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt"><BIG> </BIG></P>
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{"company-data": {"conformed-name": "EGL INC", "cik": "0001001718", "assigned-sic": "4731", "irs-number": "760094895", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27288", "film-number": "07706416"}, "business-address": {"street1": "15340 VICKERY DR", "city": "HOUSTON", "state": "TX", "zip": "77032", "phone": "2816183100"}, "mail-address": {"street1": "15350 VICKERY DR", "street2": "SUITE 510", "city": "HOUSTON", "state": "TX", "zip": "77032"}, "former-company": {"former-conformed-name": "EAGLE USA AIRFREIGHT INC", "date-changed": "19951002"}}
8-K
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
Date of Report (Date of earliest event reported):  March 16, 2007
EGL, Inc.
(Exact name of registrant as specified in its charter)
Texas
000-27288
76-0094895
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
15350 Vickery Drive, Houston, Texas
77032
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(281) 618-3100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement.
In June 2006 EGL, Inc. entered into a settlement agreement with the United States government related to the improper billing of war risk surcharges by EGL on certain shipments of freight for Kellogg Brown & Root, Inc. ("KBR") in the period from late 2003 to mid-2004.  In connection with the investigation conducted by EGL related to the war risk surcharges settlement, EGL voluntarily disclosed to the United States government that EGL's local agent in Kuwait, Al-Rashed, had, without EGL's knowledge, possibly overcharged EGL for the rental or demurrage of shipping containers for the period from January through June of 2006.  Without knowledge of these overcharges, EGL passed the charges on to KBR, which presumably passed the charges on to the United States government.
Without admitting any liability with respect to this conduct, EGL entered into a  Settlement Agreement with the United States government settling specified civil and administrative monetary claims that the government may have against EGL related to the possible excess demurrage charges.  EGL was informed by the United States government on March 16, 2007, that the Settlement Agreement had been agreed to and signed by the government.  EGL agreed to pay the government $300,000 pursuant to the settlement. EGL was notified on March 20, 2007 that Al-Rashed has made this payment.
A copy of the Settlement Agreement is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Exhibit
99.1
Settlement Agreement between EGL, Inc. and its subsidiaries and affiliates and the United States of America and its Department of the Army
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 hereunto duly authorized.
Dated: March 19, 2007
EGL, INC.
By:
/s/ Dana A. Carabin
Dana Carabin
General Counsel and Corporate Secretary
Exhibit Index
Exhibit No.
Exhibit
99.1
Settlement Agreement between EGL, Inc. and its subsidiaries and affiliates and the United States of America and its Department of the Army