TransForce Announces Two Transactions To Further Strengthen Its Waste Management Division and Reaffirms Year End EBITDA Guidance



    - Acquires Roland Thibault Inc.
    - Increases Ownership of Laflèche Environmental Complex
    - Reaffirms 2008 Year-End EBITDA Guidance of $275 to $280 Million

    MONTREAL, Oct. 21 /CNW Telbec/ - TransForce Inc. (TSX: TFI) the leader in
the Canadian transportation and logistics industry, today announced it has
completed two transactions designed to increase the strength of Matrec, the
Company's waste management division.
    TransForce has today completed the acquisition of Roland Thibault Inc.,
based in Granby region, Québec. The Company specializes in the collection,
transportation and disposal of non-hazardous solid waste and has recently
completed the permitting process, with the Québec Ministry of the Environment,
for the construction of a 6.8 million cubic meter expansion of its site. This
expansion will conform to new Ministry landfill regulations and will be
constructed using the latest technology. At current annual volumes, the
landfill site will satisfy local business and municipal waste disposal needs
for at least 40 years. The Company also plans to institute a number of
recycling initiatives that will divert waste from landfills and further
contribute to meeting the local municipalities' diversion goals as set out in
their waste management master plan (Plan de Gestion des Matières Résiduelles
du Québec).
    TransForce also announced that it has increased its ownership position in
Laflèche Environmental Inc.'s landfill and environmental complex, located in
Moose Creek, Ontario, from 37.5% to 50%. Over recent years, TransForce has
worked closely with its partner at Laflèche to promote a number of recycling
activities including the treatment of contaminated soils, generation of
electricity from refuse-derived fuel and, most recently, the construction of a
composting facility. Landfilling of waste is progressively becoming a means of
last resort at the multi-faceted Moose Creek environmental facility, and it
will serve as a model for other operations, including the landfill site owned
by Thibault.
    These investments and others, including the current $7 million retooling
of Matrec's St. Hubert, Québec recycling plant, are part of a process that
commenced three years ago to modernize Matrec's equipment and infrastructure.
The installation of leading edge technology at St Hubert will solidify
Matrec's competitive position in the Montreal marketplace for single stream
processing of household and business recyclables.
    "Our Matrec division has made increasingly significant contributions to
TransForce. It is focused on controlling costs associated with the disposal of
its waste which, in the past, have represented approximately 50% of Matrec's
operating expenses," said Alain Bédard, TransForce's Chairman and CEO. "We
believe the addition of the Thibault landfill and management team, in addition
to the increased ownership stake in Laflèche, will greatly enhance Matrec's
cost-control efforts and make it an even stronger competitor in its market."

    Year End Guidance

    Because the 2008 results will be the first annual results to be reported
since the conversion of TransForce from an income fund to a corporation in May
of this year, TransForce is providing investors with guidance on its
anticipated EBITDA (earnings before interest, taxes, depreciation and
amortization and equivalent to operating income on TransForce's financial
statements). TransForce reaffirms its 2008 year-end EBITDA guidance of
$275 million to $280 million as disclosed on March 27, 2008. The Company will
issue its financial results for the third quarter, ended September 30, 2008,
via news release on October 30, 2008.

    Profile

    TransForce Inc. (www.transforce.ca) is the leader in Canada's
transportation and logistics industry. Headquartered in Montreal, Quebec,
TransForce creates value for shareholders through managing and investing in a
growing network of wholly-owned operating subsidiaries. TransForce provides a
comprehensive and unique combination of capabilities, resources and
geographical coverage in both domestic and trans-border markets. Its companies
currently operate in five well-defined business segments:

    
    - Less-Than-Truckload;
    - Package and Courier;
    - Specialized Services, which includes its ancillary transportation
      services such as logistics, warehousing & dedicated services, fleet
      management & personnel services; oilfield & oilsand services, and waste
      management;
    - Specialized Truckload, and;
    - Truckload.
    

    TransForce's shares (TFI-T) are listed on the Toronto Stock Exchange.

    Forward-Looking Statements

    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.
    %SEDAR: 00026947EF




For further information:

For further information: Investors: Alain Bedard, President and CEO,
TransForce Inc., (514) 331-4200, abedard@transforce.ca; Media: John Lute, Lute
& Company, (416) 929-5883, jlute@luteco.com

Organization Profile

TransForce Inc.

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