MONTREAL, July 7 /CNW Telbec/ - TransForce Inc. ("TransForce" or "the Company") (TSX: TFI - T), the leader in the Canadian transportation and logistics industry, today announced the purchase of a new 52-door cross-dock terminal in Calgary, Alberta to support the growth of its subsidiary TST Overland Express in the region.
The new terminal will more than triple the capacity of TST Overland in Calgary and supports its commitment to provide customers with the leading less-than-truckload network across Canada and the United States.
"We are continuing to invest in our operations in Western Canada because of the region's economic strength and growth potential," said Alain Bédard, Chairman, President and Chief Executive Officer of TransForce Inc "This new terminal enables TST Overland to deliver expanded services in and out of Calgary, which is a major gateway for shipments within Western Canada as well as to and from the United States."
TST Overland, headquartered in Mississauga, ON, is one of Canada's largest and most established LTL companies. It has continuously made network improvements to enhance efficiency and add competitive advantage for its customers. These improvements include the newly added direct line hauls from Dallas, Texas, to Calgary, a key route for many customers, especially those in the oil industry. The new service reduces freight handling and transit times from origin to destination and is expected to result in increased volumes for TST Overland which will be handled by the new Calgary terminal.
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 four well-defined business segments:
- Package and Courier;
- Specialized Services, which includes its ancillary transportation
services such as logistics, fleet management & personnel services;
oilfield & oilsand services, and waste management;
- Truckload, which includes specialized truckload and dedicated services.
TransForce Inc. shares are listed on the Toronto Stock Exchange under the symbol TFI.
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.
SOURCE TransForce Inc.
For further information: For further information: Investors: Alain Bédard, Chairman, President and CEO, TransForce Inc., (514) 331-4200, firstname.lastname@example.org; Media: John Lute, Lute & Company, (416) 929-5883, email@example.com