TORONTO, ONTARIO
(April 19, 2001) -- Vitran Corporation Inc. (TSE: VTN.A,
AMEX:VVN),
), a North American transportation and logistics firm, today announced that its Vitran
Express US LTL Operations President George Reid has left the Company, effective
immediately. Rick E. Gaetz, President and Chief
Operating Officer, Vitran Distribution Systems will hold the additional title and
responsibilities as Interim President of Vitran Express during the Company's search for a
qualified replacement.
Vitran President and Chief Executive Officer Richard D. McGraw, stated, "We are
undertaking a search for a seasoned transportation industry leader to enhance the solid
Express management team and further build upon the strong position Vitran Express has
established in the US Midwest. We are now the third largest 'next-day' transportation and
logistics provider in the region, with a service area covering 18 states.
"We thank George for his many accomplishments at Vitran, and wish him the best of
luck in his future endeavors."
Vitran Corporation Inc. is a North American group of transportation companies offering
less-than-truckload, truckload, intermodal marketing and 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 Annual Report on Form 20-F and other filings
with the Securities and Exchange Commission.
