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 Bedard, Chairman, President and CEO of TransForce.
Profile
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 - Truckload.
TransForce's trust units (TIF.UN) are listed on the Toronto Stock Exchange and are included in the S&P/TSX Composite Index.
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.
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