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Vitran Secures Logistics Agreement With Mark's Wearhouse

TORONTO, ONTARIO--(November 24, 1997) -- Vitran Corporation Inc. (Nasdaq: VVN, TSE: ETNA), a multi-service North American transportation and logistics firm focusing on Less-than-Truckload (LTL), today announced that it has secured a logistics contract with Mark's Work Wearhouse Limited (TSE: MMW) expiring on January 31, 2000. The anticipated value of the contract over the term is CDN $8.0 million.

This new agreement will see Vitran manage a completely re-engineered supply chain for Mark's Work Wearhouse involving 69 vendors and 141 retail outlets across Canada.

This alternative logistics concept will increase efficiency, drive down cost and capture the information needed to improve Mark's ordering system, furthering their replenishment system.

"Mark's is one of the few retailers who have taken control of the supply chain," said Rick E. Gaetz, President and Chief Operating Officer of Vitran Distribution Systems. "They are no longer relying on the manufacturer to be their logistics expert." The re-engineering of the Distribution system within the retail industry is gaining momentum. Vitran expects to continue to play a key role in facilitating distribution changes, creating more cost-effective, efficient solutions which involve joint participation from the vendor, retailer and Vitran as the distribution provider.

This new announcement contains certain forward-looking information that is subject to certain risks and uncertainties as indicated from time to time in the Company's 20-F and other filings with the Securities and Exchange Commission. Included among these risks and uncertainties are the future performance of the economy, competitive and pricing pressures, fuel costs and other factors impacting the transportation industry.

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Last Updated: Nov 15th, 2000