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COMPETITION WATCH: Transforce adds to management team to manage growth

MONTREAL, Que. -- TransForce Income Fund today announced a series of management appointments .

MONTREAL, Que. — TransForce Income Fund today announced a series of management appointments .

The people moving up the management ranks come from TransForce’s recent acquisitions in the Canadian market.

“We believe the pace of growth in 2004 means TransForce will have significantly increased its revenues and more than doubled its net income on an annualized basis since 2002, when it became an income trust. Our management team must evolve with that growth,” said Alain Bdard, Chairman, President and Chief Executive Officer of TransForce Income Fund. “The acquisitions we have made have brought us outstanding people as well as successful operations. I am pleased to be able to draw on our own experienced and talented people to help manage the next phase of growth at TransForce.”

Gary King, formerly President of TST Overland Express, has been appointed President of TransForce subsidiary TST Solutions L.P. In this new position,. King will have direct responsibility for a group of TransForce divisions comprising Kingsway, Select, Daily, TST Expedited Services, TST Air, TST Automotive Services, TST Truckload Express, TST Load Brokerage Services, and TST Overland Express.. King will report directly to Mr. Bdard.

The other appointments to presidents of operating subsidiaries are: Barry Bruneau has been appointed President of TST Automotive Services and Senior Vice President of TST Solutions L.P. Bruneau joined the TST Companies in 1980 and most recently was the Senior Vice President for both TST Automotive Services and TST Overland Express.

Brian Kohut has been promoted to President of Kingsway where he most recently was Executive Vice President. Kohut joined TST Expedited Services as Vice President & General Manager in 2001 after spending over 20 years in the transportation industry.

O’Reilly has been promoted to President of TST Overland Express. After spending several years in the logistics business, he joined TST Overland Express in 1995 as Vice President, Operations.

TransForce’s wholly-owned subsidiaries operate in four business segments: Less Than Truckload and Parcel Delivery; Truckload; Specialized Truckload; and Specialized Services, which includes logistics and fleet management, customs brokerage and bonded warehousing.

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