MONTREAL, Feb. 28 /CNW Telbec/ - TransForce Income Fund (TSX: TIF.UN),
the leader in the Canadian transportation and logistics industry, today
announced that Emanuele (Lino) Saputo has been named to the Fund's Board of
Trustees, effective February 27, 2008.
Mr. Saputo is the founder and the chairman of the board of Saputo Inc.,
the largest dairy processor in Canada. He was a significant investor in
TransForce's predecessor company in its earliest days and has contributed to
the growth of the Fund. Directly and indirectly, he remains a major investor.
"We are honoured to welcome Mr. Saputo to the TransForce Board of
Trustees. His experience in building companies will help him make a valuable
contribution to the Board and to the unitholders of the Fund," said Alain
Bédard, Chairman, President and CEO of TransForce.
TransForce Income Fund (www.transforce.ca) is the leader in Canada's
transportation and logistics industry. Headquartered in Montreal, Quebec, the
Fund's objective is to create value for unitholders through managing and
investing in a growing network of independent operating subsidiaries.
TransForce provides a comprehensive and unique combination of capabilities,
resources and geographical coverage in both domestic and trans-border markets.
Its companies operate in five well-defined business segments:
- Less Than Truckload;
- Parcel Delivery;
- Specialized Services, which includes its ancillary transportation
services and fleet management & personnel services businesses;
- Specialized Truckload; and
TransForce's trust units (TIF.UN) are listed on the Toronto Stock
Exchange and are included in the S&P/TSX Composite Index.
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
For further information:
For further information: Investors: Alain Bédard, Chairman, President
and CEO, TransForce Income Fund, (514) 331-4200, email@example.com; Media:
John Lute, Lute & Company, (416) 929-5883, firstname.lastname@example.org