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

TAMPA, FLORIDA--(November 8, 1999) -- The Freight Connection, Inc. OTC BB: FTCN) (TFC), an intermodal marketing company (IMC) and transportation broker, today announced operating results for the third quarter and the nine month period ended September 30, 1999.

Revenues for the 1999 third quarter were $6.46 million, compared to $7.03 million in the 1998 third quarter. Revenues for the quarter were negatively impacted by a substantial reduction in business from one of the Company's major customers. Net revenues for the three months ended September 30, 1999 rose to $660,000 compared to $651,000 for the prior year period, despite the decrease in revenues. Net income during the 1999 third quarter was $30,000, or $.00 per share compared to a loss of $13,000, or ($.00) per share for the comparable 1998 period. The loss for the third quarter of 1998 was due to start-up costs associated with opening new offices. Per share results are based on 4,825,630 weighted average shares outstanding for both periods.

Revenues for the nine months ended September 30, 1999 rose 4% to a record $21.57 million, compared to $20.66 million for the prior year period. Net revenues for the nine month period in 1999 were $2,058,000, up 2% from $2,012,000 for the comparable period in 1998. Net income was $104,000 for the nine months ended September 30, 1999, compared to $157,000 for the year-ago period. Earnings per share were $.02 and $.03 for the nine month periods ended September 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 Tampa (headquarters), Atlanta, Los Angeles, San Fransisco, 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
September  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)