Mr. Alain Bedard reports

TRANSFORCE COMPLETES ACQUISITION OF VELOCITY EXPRESS

TransForce Inc. has completed the acquisition of all the shares of Velocity Express and its subsidiaries.

Velocity operates a network of more than 80 locations across the United States and Western Canada, employing a combined total of approximately 2,600 staff and independent contractors. Velocity is an important provider of customized, same-day regional delivery solutions, offering an extended range of services in delivering packages of any size. The transaction is expected to generate annual revenues of approximately $160-million and to be accretive for TransForce.

"This asset-light acquisition further enhances TransForce's density and capabilities in the same-day North American package and courier market. We welcome Velocity's employees and independent contractors to the growing TransForce family. The combination of our skills and know-how creates a more powerful service offering in this market niche. We expect the transaction to provide a sound return on investment to the benefit of our shareholders," said Alain Bedard, chairman, president and chief executive officer of TransForce.

We seek Safe Harbor.