TORONTO (July 29, 2002) — Vitran Corp., a trucking and logistics firm and one of Canada’s largest for-hire carriers, announced improved operating results for the three-and six-month periods ended June 30, 2002.

For the second quarter ended June 30, Vitran posted net income from continuing operations of $2.9 million, or 30 cents a share. That compares to $246,000 or 3 cents a share during the same period a year ago.

Second quarter revenues rose to nearly $121.6 million compared to almost $121 million for the same period in 2001. Revenues for the first half of 2002 amounted to $235.8 million, down from $240.8 million for the first half of 2001. For the six months ended June 30, 2001, the company lost $536,000, or 5 cents per share.

President and CEO Rick Gaetz said the company was performing well despite the sluggish U.S. economy.

Based in Toronto, Vitran focuses on regional less-than-truckload business, operating primarily in the U.S. Midwest.