CALGARY, Feb. 3, 2012 /CNW/ - Trimac Transportation Ltd. ("Trimac") (TSX: TMA) announced today that it has been awarded a five-year
contract to transport gasoline and diesel products for UFA Co-operative
The award, which commences on May 1, 2012, includes existing and
incremental business in Northern and Central Alberta from one of
Canada's largest co-operatives. "We are very pleased with our expanded
business partnership with UFA", said Ed Malysa, President and COO of
Trimac. "Trimac has an excellent relationship with UFA that spans
nearly a decade," said Malysa. "We share a common set of goals and
values and are committed to providing value to UFA and its customers."
With annual revenues of more than $2.1 billion dollars, UFA serves its
members through a diversified portfolio of businesses that include
Petroleum Products and Services, Farm and Ranch Supply Stores and
Wholesale Sports Outdoor Outfitters.
The value of the contract is estimated to be approximately $19 million
annually and $95 million over the five-year term.
About Trimac: Trimac is Canada's largest provider of bulk trucking
services with operations from coast to coast. In addition, through its
National Tank Services division, Trimac performs repairs, maintenance
and tank-trailer cleaning services for both the Trimac fleet and for
third party commercial customers. Trimac also provides third party
transportation logistics services in Canada and the United States
through its wholly owned subsidiary Bulk Plus Logistics.
This news release contains information and statements of a
forward-looking nature concerning the value of the UFA contract to
Trimac. These statements are based on suppositions and uncertainties as
well as on management's best possible evaluation of future events. In making such
statements, Trimac has assumed that the Canadian economy would continue
to strengthen and that the volume of products hauled and miles driven
by Trimac for UFA would be consistent with current estimates. Certain
factors may cause actual results to differ from such statements
including, without limitation, general market trends and conditions,
increased competition and pricing pressures in the petroleum and
trucking industries, an increase or decrease in UFA's business volumes
and an increase or decrease in the product volumes hauled or miles
driven by Trimac for UFA. As a result, readers are advised that actual
results may differ from expected results.
SOURCE Trimac Transportation Ltd.
For further information:
Edward V. Malysa
President and Chief Operating Officer
Trimac Transportation Ltd.
Scott D. Calver
Vice President and Chief Financial Officer
Trimac Transportation Ltd.