MONTREAL, May 24, 2011 /CNW Telbec/ - TransForce Inc. (TSX: TFI), a
North American leader in the transportation and logistics industry
today announced that following a recommendation from Alain Bédard,
Chairman, President and CEO, the Company's Board of Directors has
approved a new corporate structure which includes the nomination of
five Executive Vice-Presidents. The move will assist Mr. Bédard in
dealing with the development and growth strategy of the Company.
Those named are Jean-François Dodier, Marc Fox, James P. Houston, Brian
Kohut and Rob O'Reilly. All have extensive senior operational
experience with TransForce and will oversee the daily operations of the
various companies within the TransForce family.
"Each of these gentlemen has my strong personal endorsement as they have
made solid contributions to the Company over the years. Their proven
management skills and commitment are exemplary," commented Mr. Bédard.
"TransForce has expanded materially within the past few months and this
enhanced corporate structure will ensure that all new operations are
fully and efficiently integrated and that service to our customers
remains the number one priority. Their well-earned promotions will
allow me to focus more fully on the further expansion of the Company,
particularly into U.S. markets, so that we can continue to deliver
meaningful returns to shareholders," he concluded.
TransForce Inc. is a North American leader in the transportation and
logistics industry. Operating across Canada and the United States,
TransForce creates value for shareholders by identifying strategic
acquisitions and managing a growing network of wholly-owned, operating
subsidiaries. Under the TransForce umbrella, companies benefit from
corporate financial and operational resources to build their businesses
and increase their efficiency. TransForce companies service four
well-defined reportable segments:
Package and Courier;
Truckload, which includes specialized truckload and dedicated services;
Specialized Services, which includes waste management, energy sector
services, logistics and ancillary transportation services.
TransForce Inc. (TFI) is publicly traded on the Toronto Stock Exchange
(TSX). For more information, visit http://www.transforcecompany.com.
Except for historical information provided herein, this press release
may contain information and statements of a forward-looking nature
concerning the future performance of TransForce. These statements are
based on suppositions and uncertainties as well as on management's best
possible evaluation of future events. Such factors may include, without
excluding other considerations, fluctuations in quarterly results,
evolution in customer demand for TransForce's products and services,
the impact of price pressures exerted by competitors, and general
market trends or economic changes. As a result, readers are advised
that actual results may differ from expected results.
For further information:
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Chairman, President and CEO
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