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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LYMf+mWWAcNFr7XCJ5uADW35t/5WUHNWv7sRzKdHwYlqUIAlROw8yHsvBt73omfS
 gTnTeapbvUjjJiLAwf8EKg==

<SEC-DOCUMENT>0001181431-03-029014.txt : 20031104
<SEC-HEADER>0001181431-03-029014.hdr.sgml : 20031104
<ACCEPTANCE-DATETIME>20031104183525
ACCESSION NUMBER:		0001181431-03-029014
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031031
FILED AS OF DATE:		20031104

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MCG GLOBAL LLC
		CENTRAL INDEX KEY:			0001267715

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28452
		FILM NUMBER:		03977492

	BUSINESS ADDRESS:	
		STREET 1:		ONE MORNINGSIDE DRIVE N
		STREET 2:		SUITE 200
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880
		BUSINESS PHONE:		2032267664

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VELOCITY EXPRESS CORP
		CENTRAL INDEX KEY:			0001002902
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR COURIER SERVICES [4513]
		IRS NUMBER:				870355929
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0629

	BUSINESS ADDRESS:	
		STREET 1:		7803 GLENROY ROAD
		STREET 2:		FOUR PARAMOUNT PLAZA STE 200
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55439
		BUSINESS PHONE:		612-492-2400

	MAIL ADDRESS:	
		STREET 1:		7803 GLENROY ROAD
		STREET 2:		SUITE 200
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55439

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED SHIPPING & TECHNOLOGY INC
		DATE OF NAME CHANGE:	19990512

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	U SHIP INC
		DATE OF NAME CHANGE:	19960313
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd21696.xml
<DESCRIPTION>MCG FORM 4 110403
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-10-31</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001002902</issuerCik>
        <issuerName>VELOCITY EXPRESS CORP</issuerName>
        <issuerTradingSymbol>VEXP</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001267715</rptOwnerCik>
            <rptOwnerName>MCG GLOBAL LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE MORNINGSIDE DRIVE N</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>WESTPORT</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06880</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeHolding><securityTitle><value>Series G Convertible Preferred Stock</value></securityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><exerciseDate><value>2003-09-18</value></exerciseDate><expirationDate><footnoteId id="F2"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>168079</value><footnoteId id="F3"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>293333</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Series H Convertible Preferred Stock</value></s
ecurityTitle><conversionOrExercisePrice><footnoteId id="F1"/></conversionOrExercisePrice><exerciseDate><value>2003-09-18</value></exerciseDate><expirationDate><footnoteId id="F2"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>449623</value><footnoteId id="F3"/></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>19100</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">Not Applicable</footnote><footnote id="F2">None</footnote><footnote id="F3">As a result of the issuance Series I Convertible Preferred Stock, the number of shares of Common Stock into which the shares of Series F, Series G and Series H Convertible Preferred Stock are convertible upon exercise of such s
eries of Convertible Preferred Stock increased pursuant to antidilution provisions in the preferred instruments.</footnote></footnotes><ownerSignature><signatureName>Wesley C. Fredenburg, Attorney-in-Fact</signatureName><signatureDate>2003-11-04</signatureDate></ownerSignature></ownershipDocument>



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