Document:

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                                                                     EXHIBIT 4.2

Rights Certificate No.:                                        Number of Rights:

THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN THE COMPANY'S
PROSPECTUS DATED             , 2003 (THE "PROSPECTUS") AND ARE INCORPORATED
HEREIN BY REFERENCE. COPIES OF THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM
THE COMPANY.

                          VELOCITY EXPRESS CORPORATION
              Incorporated under the laws of the State of Delaware

                                                              CUSIP NO.: _______

                         SUBSCRIPTION RIGHTS CERTIFICATE
    Evidencing Subscription Rights to Purchase Shares of Series I Convertible
                 Preferred Stock of Velocity Express Corporation
                       Subscription Price: $2.20 per Share

     The Subscription Rights Will Expire If Not Exercised On or Before 5:00
      P.M., New York City Time, on __________, 2003, Unless Extended By the
                                     Company

REGISTERED OWNER:

        THIS CERTIFIES THAT the registered owner whose name is inscribed hereon
is the owner of the number of subscription rights ("Rights") set forth above.
Each whole Right entitles the holder thereof to subscribe for and purchase, at
the subscription price per Right of $2.20 (the "Subscription Price"), one share
of the Series I Convertible Preferred Stock, par value $0.004 per share ("Series
I Preferred") of Velocity Express Corporation, a Delaware corporation (the
"Company") (the "Basic Subscription Right"), pursuant to a rights offering (the
"Rights Offering"), on the terms and subject to the conditions set forth in the
Prospectus and the "Instructions for Use of Velocity Express Subscription Rights
Certificates" accompanying this Subscription Rights Certificate.

        If any shares of the Series I Preferred available for purchase in the
Rights Offering are not purchased by other holders of Rights pursuant to the
exercise of their Basic Subscription Right (the "Excess Shares"), any Rights
holder that exercises its Basic Subscription Rights in full may subscribe for a
number of Excess Shares pursuant to the terms and conditions of the Rights
Offering, subject to proration, as described in the Prospectus (the
"Over-Subscription Right"). The Rights represented by this Subscription Rights
Certificate may be exercised by completing Form-1 and any other appropriate
forms on the reverse side hereof and by returning the full payment of the
Subscription Price for each Right subscribed for in accordance with the
"Instructions for Use of Velocity Express Subscription Rights Certificates" that
accompany this Subscription Rights Certificate.

        This Subscription Rights Certificate is not valid unless countersigned
by the transfer agent and registered by the registrar.

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        IN WITNESS WHEREOF, the Company has caused this Subscription Rights
Certificate to be duly executed under its corporate seal.

Dated:  ____________, 2003

                                              VELOCITY EXPRESS CORPORATION

                                              By:
                                                  ------------------------------
                                                  Name:
                                                  Title:

                                              By:
                                                  ------------------------------
                                                  Name:
                                                  Title:

COUNTERSIGNED AND REGISTERED BY:

AMERICAN STOCK TRANSFER & TRUST
COMPANY (New York, NY)
Transfer Agent And Registrar

By:
    ----------------------------
    Name:
    Title:

                                        2

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              DELIVERY OPTIONS FOR SUBSCRIPTION RIGHTS CERTIFICATE

            For delivery by mail, hand delivery or overnight courier:

                     American Stock Transfer & Trust Company
                           59 Maiden Lane, Plaza Level
                            New York, New York 10038

     Delivery other than in the manner or to the addresses listed above will
                         not constitute valid delivery.

                PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY.

FORM 1 - EXERCISE OF SUBSCRIPTION RIGHTS

        To subscribe for shares pursuant to your Basic Subscription Right,
please complete lines (a) and (c) and sign under Form 3 below. To subscribe for
shares pursuant to your Over-subscription Right, please also complete line (b)
and sign under Form 3 below.

(a)     I apply for ___________________ Shares x     $2.20       =  $___________
                    (No. of new Shares)      (subscription price)     (Payment)

        If you have exercised your Basic Subscription Right in full and wish to
subscribe for additional shares pursuant to your Over-Subscription Right:

(b)     I apply for ___________________ Shares x     $2.20       =  $___________
                    (No. of new Shares)      (subscription price)     (Payment)

(c)     Total Amount of Payment Enclosed = $__________________________

METHOD OF PAYMENT (CHECK ONE):

[ ]     Check or bank draft drawn on a U.S. bank, or postal, telegraphic or
        express money order payable to "American Stock Transfer & Trust Company,
        as Subscription Agent for Velocity Express Corporation." Funds paid by
        an uncertified check may take at least five business days to clear.

[ ]     Wire transfer of immediately available funds directly to the account
        maintained by American Stock Transfer & Trust Company, as Subscription
        Agent for Velocity Express Corporation, for purposes of accepting
        subscriptions in this Rights Offering at [JPMorgan Chase Bank, 55 Water
        Street, New York, New York 10005, ABA #021000021], Account
        #[______________].

                                        3

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FORM 2 - DELIVERY TO DIFFERENT ADDRESS

        If you wish for the Series I Preferred underlying your subscription
rights to be delivered to an address different from that shown on the face of
this Subscription Rights Certificate, please enter the alternate address below,
sign under Form 3 and have your signature guaranteed under Form 4.

        ______________________________________________

        ______________________________________________

        ______________________________________________

FORM 3 - SIGNATURE

        I acknowledge that I have received the Prospectus for this Rights
Offering and I hereby irrevocably subscribe for the number of shares indicated
above on the terms and conditions specified in the Prospectus.

--------------------------------------------------------------------------------
Signature(s)

IMPORTANT: The signature(s) must correspond with the name(s) as printed on the
reverse of this Subscription Rights Certificate in every particular, without
alteration or enlargement, or any other change whatsoever.

FORM 4 - SIGNATURE GUARANTEE

        This form must be completed if you have completed any portion of Form 2.

Signature Guaranteed:
                       -------------------------------------------------
                                    (Name of Bank or Firm)

By:
     -----------------------------------------------------
                    (Signature of Officer)

IMPORTANT: The signature(s) should be guaranteed by an eligible guarantor
institution (bank, stock broker, savings & loan association or credit union)
with membership in an approved signature guarantee medallion program pursuant to
Securities and Exchange Commission Rule 17Ad-15.

                                        4<PAGE>

                                                                     EXHIBIT 4.3

                   INCORPORATED UNDER THE LAWS OF THE STATE OF

       Number                                                    Shares
      SPECIMEN            [Velocity Express Logo]               SPECIMEN

Series I Convertible Preferred Stock       Series I Convertible Preferred Stock

<TABLE>
<S>                                                                     <C>
                          Velocity Express Corporation                    See reverse for
              INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE      certain definitions
</TABLE>

This CERTIFIES that                                      CUSIP _________________

is the owner of

     FULLY PAID AND NON-ASSESSABLE SHARES OF SERIES I CONVERTIBLE PREFERRED
                 STOCK, OF THE PAR VALUE OF $.004 PER SHARE, OF

                          Velocity Express Corporation

transferable only on the books of the Corporation by the holder hereof in person
or by Attorney upon surrender of this certificate properly endorsed. This
certificate is not valid unless countersigned by the Transfer Agent and
Registrar.

        IN WITNESS WHEREOF, the said Corporation has caused this certificate to
be signed by the facsimile signature of its duly authorized officers.

Dated:
        -------------------------------         --------------------------------
                   SECRETARY                        CHIEF EXECUTIVE OFFICER

<PAGE>
                          VELOCITY EXPRESS CORPORATION

THE CORPORATION IS AUTHORIZED TO ISSUE DIFFERENT CLASSES OF SHARES, IN
ACCORDANCE WITH THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE, UPON
WRITTEN REQUEST BY THE SHAREHOLDER, THE CORPORATION WILL FURNISH, WITHOUT
CHARGE, A SUMMARY OF THE DESIGNATIONS, PREFERENCES, LIMITATIONS AND RELATIVE
RIGHTS APPLICABLE TO EACH CLASS OF SHARES.

                            ------------------------

        The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

<TABLE>
        <S>                <C>                                     <C>      <C>
        TEN COM     --     as tenants in common                    UTMA     --    ..........Custodian..........
        TEN ENT     --     as tenants by entireties                                 (Cust)            (Minor)
        JT TEN      --     as joint tenants with right of                        under Uniform Transfer to Minors
                           survivorship and not as tenants
                           in common                                         Act  ................
                                                                                       (State)
</TABLE>

     Additional abbreviations may also be used though not in the above list.

                            ------------------------

       For value received __________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
   IDENTIFYING NUMBER OF ASSIGNEE

________________________________________________________________________________
PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

________________________________________________________________________________

________________________________________________________________________________

____________________________________________________________ Shares of the
capital stock represented by the within Certificate, and do hereby irrevocably
constitute and appoint ______________________________________ Attorney to
transfer the said stock on the books of the within-named Corporation with full
power of substitution in the premises

Dated                                              _____________________________

                                                   -----------------------------
                                                   NOTICE: THE SIGNATURE TO THIS
                                                   ASSIGNMENT MUST CORRESPOND
                                                   WITH THE NAME AS WRITTEN UPON
                                                   THE FACE OF THE CERTIFICATE
                                                   IN EVERY PARTICULAR WITHOUT
                                                   ALTERATION OR ENLARGEMENT OR
                                                   ANY CHANGE WHATEVER.

Signature Guaranteed

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