| TORONTO(November 10,
2000)-- Vitran Corporation Inc. (TSE: VTN.A,
AMEX: VVN), a multi-service North
American transportation and logistics firm, today announced that it has significantly
expanded its long-term logistics relationship with Mark's Work Wearhouse Limited (TSE:
MWW). The anticipated revenue from the contract over the next five years is $15.5 million
CDN. Under the expanded agreement, Vitran will manage and operate a new 80,000 square foot
dedicated Marks' Work Wearhouse distribution centre, which will be comprised of a
pick-n-pack component and an import cross-docking operation. Vitran will also continue to
execute its historical supply-chain solution for Mark's Work Wearhouse, involving the
consolidation and freight transportation operations. "Mark's, as a leading Canadian retailer, continue to take control of their
supply chain," said Rick E. Geatz, President & COO of Vitran Distribution System.
"This most recent expansion of our relationship further demonstrates Vitran's ability
to deliver more efficient inventory-management solutions and importantly, drive down cost
for our logistics clients."
Al Leger, Vitran's Vice President of Logistics,
added, "Vitran's expanded relationship with Mark's underscores the expertise our
dedicated associates bring to supply chain management. We remain dedicated to helping our
valued customers become more efficient by taking waste out of the system, and ultimately
reducing their overall distribution costs."
Vitran's Logistics division will continue to play
an important role in facilitating customers' supply chain modifications, creating more
cost-effective and efficient solutions for the Company's clients.
Vitran Corporation Inc. is a North American group
of transportation companies offering less-than-truckload, truckload, intermodal marketing,
truck brokerage and logistics services. Further Company information is available at http://www.vitran.com.
Information in this news announcement
relating to projected growth, improvements in productivity and future results constitutes
forward-looking statements. Actual results in future periods may differ materially from
the forward-looking statements because of a number of risks and uncertainties, including
but not limited to economic factors, demand for the Company's services, fuel price
fluctuations, the availability of employee drivers and independent contractors, risks
associated with geographic expansion, capital requirements, claims exposure and insurance
costs, competition and environmental hazards. Additional information about these and other
factors that could affect the Company's business is set forth in the Company's 1999 Annual
Report on Form 20-F and other filings with the Securities and Exchange Commission.
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