• The Freight Connection, Inc. Balance Sheet
• The Freight Connection, Inc. Statements Of Income

TAMPA, FLORIDA--(August 16, 1999) -- The Freight Connection, Inc. OTC BB: FTCN) (TFC), an intermodal marketing company (IMC) and transportation broker, today announced operating results for the second quarter and the six month period ended June 30, 1999.

Revenues for the 1999 second quarter were a record $7.76 million, compared to $7.06 million in the 1998 second quarter, an increase of 10%. Net revenues for the three months ended June 30, 1999 rose 3% to a record $767,000 compared to $742,000 for the prior year period. Net income during the 1999 second quarter was $73,000, or $0.02 per share compared to $98,000, or $0.02 per share for the comparable 1998 period. Per share results are based on 4,825,630 weighted average shares outstanding for both periods.

Revenues for the six months ended June 30, 1999 rose 11% to a record $15.10 million, compared to $13.63 million for the prior year period. The growth in revenues can be attributed to the Company's ongoing sales efforts and the contributions made by the offices which opened during 1998. Net revenues for the six month period in 1999 were $1,398,000, up 3% from $1,360,000 for the comparable period in 1998. Net income was $74,000 for the six months ended June 30, 1999, compared to $170,000 for the year-ago period. The Company's earnings for the latter half of 1998, and the first quarter of 1999, were impacted by start-up expenses associated with the opening of the new offices. These offices were positively contributing to income for the second quarter and management believes that this will continue throughout 1999. Earnings per share were $0.02 and $0.04 for the six month periods ended June 30, 1999 and 1998, respectively, based upon 4,825,630 weighted average shares outstanding.

The Freight Connection is an intermodal marketing company (IMC) and transportation broker, servicing clients throughout North America from its Tamp (headquarters), Atlanta, Los Angeles, San Francisco, Chicago and Minneapolis offices. TFC is an 81% subsidiary of Vitran Corporation Inc.  (NASDAQ: VVN, TSE: VTN.A), a multi-service North American transportation firm. The TFC headquarters can be reached at (813) 854-1500 or (800) 332-5004.

This news announcement contains certain forward-looking information that is subject to certain risks and uncertainties as indicated from time to time in the Company's 10-K 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.

The Freight Connection, Inc.
Balance Sheet
June  30, 1999 (unaudited)
(in thousands of Canadian dollars)

The Freight Connection, Inc.
Statements Of Income
(Select information)
(in thousands, except share and per share amounts)