-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000898432-06-000717.txt : 20060817
<SEC-HEADER>0000898432-06-000717.hdr.sgml : 20060817
<ACCEPTANCE-DATETIME>20060817143855
ACCESSION NUMBER:		0000898432-06-000717
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060703
FILED AS OF DATE:		20060817
DATE AS OF CHANGE:		20060817

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CD&L INC
		CENTRAL INDEX KEY:			0001000779
		STANDARD INDUSTRIAL CLASSIFICATION:	TRUCKING (NO LOCAL) [4213]
		IRS NUMBER:				223350958
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		80 WESLEY STREET
		CITY:			SOUTH HACKENSACK
		STATE:			NJ
		ZIP:			07606
		BUSINESS PHONE:		201-487-7740

	MAIL ADDRESS:	
		STREET 1:		80 WESLEY STREET
		CITY:			SOUTH HACKENSACK
		STATE:			NJ
		ZIP:			07606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONSOLIDATED DELIVERY & LOGISTICS INC
		DATE OF NAME CHANGE:	19950915

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Fox Keith R
		CENTRAL INDEX KEY:			0001288731

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14823
		FILM NUMBER:		061040529

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(212) 872-1172

	MAIL ADDRESS:	
		STREET 1:		85 MERRIMAC STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02114

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Exeter Venture Advisors, Inc.
		CENTRAL INDEX KEY:			0001288645
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14823
		FILM NUMBER:		061040530

	BUSINESS ADDRESS:	
		STREET 1:		10 EAST 53RD STREET, 32ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(212) 872-1172

	MAIL ADDRESS:	
		STREET 1:		10 EAST 53RD STREET, 32ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Exeter IV Advisors, Inc.
		CENTRAL INDEX KEY:			0001288647
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14823
		FILM NUMBER:		061040531

	BUSINESS ADDRESS:	
		STREET 1:		10 EAST 53RD STREET, 32ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(212) 872-1172

	MAIL ADDRESS:	
		STREET 1:		10 EAST 53RD STREET, 32ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Exeter IV Advisors, L.P.
		CENTRAL INDEX KEY:			0001288646
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14823
		FILM NUMBER:		061040532

	BUSINESS ADDRESS:	
		STREET 1:		10 EAST 53RD STREET, 32ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(212) 872-1172

	MAIL ADDRESS:	
		STREET 1:		10 EAST 53RD STREET, 32ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Exeter Capital Partners IV, L.P.
		CENTRAL INDEX KEY:			0001288589
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14823
		FILM NUMBER:		061040533

	BUSINESS ADDRESS:	
		STREET 1:		10 EAST 53RD STREET, 32ND FL.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(212) 872-1172

	MAIL ADDRESS:	
		STREET 1:		10 EAST 53RD STREET, 32ND FL.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>exetercapform4_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-07-03</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001000779</issuerCik>
        <issuerName>CD&amp;L INC</issuerName>
        <issuerTradingSymbol>CDV</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001288589</rptOwnerCik>
            <rptOwnerName>Exeter Capital Partners IV, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10 EAST 53RD STREET, 32ND FL.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001288646</rptOwnerCik>
            <rptOwnerName>Exeter IV Advisors, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10 EAST 53RD STREET, 32ND STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001288647</rptOwnerCik>
            <rptOwnerName>Exeter IV Advisors, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10 EAST 53RD STREET, 32ND STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001288645</rptOwnerCik>
            <rptOwnerName>Exeter Venture Advisors, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10 EAST 53RD STREET, 32ND STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001288731</rptOwnerCik>
            <rptOwnerName>Fox Keith R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>85 MERRIMAC STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BOSTON</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02114</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2006-07-03</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
                <footnoteId id="F4"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>656168</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See note</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.016</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-07-03</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
                <footnoteId id="F4"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>131234</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-04-14</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $.001 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1312340</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See note</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Warrants to purchase Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.001</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-07-03</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
                <footnoteId id="F4"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>168750</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>1999-01-29</value>
            </exerciseDate>
            <expirationDate>
                <value>2009-01-29</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $.001 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>168750</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See note</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">As of March 27, 2006, the United States Small Business Administration (the &quot;SBA&quot;), in its capacity as court-appointed
 receiver for Exeter Venture Lenders, L.P., a Delaware limited partnership, had become the record and a beneficial owner of
 the following securities: (i) 65,617 shares of Series A Preferred Stock of the Issuer, (ii) warrants to purchase up to
 84,375 shares of common stock of the Issuer and (iii) 328,084 shares of common stock of the Issuer (collectively, with (i)
 and (ii) above, the &quot;SBA Securities&quot;).</footnote>
        <footnote id="F2">Each of Exeter Capital Partners IV, L.P., Exeter IV Advisors, L.P.,  Exeter IV Advisors, Inc. and  Keith R. Fox
 (collectively, &quot;Exeter&quot;) disclaims beneficial ownership of the SBA Securities as of such time for purposes of
 Sections 16(a) and 16(b) under the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), because none of Exeter
 had any voting or dispositive power in respect of any of the SBA Securities, nor did any of Exeter have a pecuniary interest
 in the SBA Securities.</footnote>
        <footnote id="F3">As of July 3, 2006, the SBA transferred the SBA Securities to Exeter Capital Partners IV, L.P. for an aggregate price of
 $2,246,277.15 (the &quot;SBA Transfer&quot;).  As of that date, neither Exeter Venture Lenders, L.P. nor Exeter Capital Partners IV,
 L.P. beneficially owned more than 10% of the Issuer's common stock for purposes of Sections 16(a) or 16(b) of the Exchange
 Act, in accordance with the information provided by the Issuer in its Quarterly Report on Form 10-Q, filed with the
 Commission on May 15, 2006.  Accordingly, neither Exeter Venture Lenders, L.P. nor Exeter Capital Partners IV, L.P. was
 subject to Section 16(b) liability in connection with the SBA Transfer.</footnote>
        <footnote id="F4">Immediately following the SBA Transfer, as of July 3, 2006, Exeter transferred the SBA Securities to Velocity Express
 Corporation (&quot;Velocity&quot;) in exchange for 2,465,418 shares of common stock of Velocity.  As of July 3, 2006, Exeter
 additionally transferred (i) 65,617 shares of Series A Preferred Stock of the Issuer, (ii) warrants to purchase up to 84,375
 shares of common stock of the Issuer and (iii) 328,084 shares of common stock of the Issuer to Velocity in exchange for (i)
 a  12% Senior Secured Note of Velocity in the aggregate principal amount of $3,205,000 due 2010 and (ii) a warrant to
 purchase up to 1,105,725 shares of common stock of Velocity.  For more details concerning these transactions, see Exeter's
 Schedule 13D with respect to Velocity, filed with the Commission on July 13, 2006.</footnote>
        <footnote id="F5">Exeter Capital Partners IV, L.P. directly owned the securities.  Exeter IV Advisors, L.P. is the general partner of Exeter
 Capital Partners IV, L.P.  Exeter IV Advisors, Inc. is the general partner of Exeter IV Advisors, L.P.  Keith R. Fox is the
 100% shareholder of Exeter IV Advisors, Inc.  Exeter IV Advisors, L.P., Exeter IV Advisors, Inc. and Keith R. Fox indirectly
 beneficially owned the securities.  Because Exeter Venture Lenders, L.P. is under the receivership of the SBA, it is not
 included as a Reporting Person on this joint filing of Form 4.</footnote>
        <footnote id="F6">These securities did not have an expiration date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Keith R.Fox, EXETER CAPITAL PARTNERS IV, L.P.</signatureName>
        <signatureDate>2006-08-17</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Keith R.Fox, EXETER IV ADVISORS, L.P.</signatureName>
        <signatureDate>2006-08-17</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Keith R.Fox, EXETER IV ADVISORS, INC.</signatureName>
        <signatureDate>2006-08-17</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Keith R. Fox, EXETER VENTURE ADVISORS, INC.</signatureName>
        <signatureDate>2006-08-17</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Keith R. Fox, Keith R. Fox</signatureName>
        <signatureDate>2006-08-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
