Vitran Corporation Inc.

Vitran Corporation Inc.

March 03, 2005 06:30 ET

Vitran Approved for Listing on NASDAQ National Market


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VITRAN CORPORATION INC.

TSX SYMBOL: VTN
AMEX SYMBOL: VVN

MARCH 3, 2005 - 06:30 ET

Vitran Approved for Listing on NASDAQ National Market

TORONTO, ONTARIO--(CCNMatthews - March 3, 2005) - Vitran Corporation
Inc. (AMX:VVN)(TSX:VTN), a North American transportation and logistics
firm, today announced that it has been approved for listing on the
NASDAQ National Market under the symbol VTNC. Trading on the NASDAQ is
expected to commence on Monday, March 7, 2005. Vitran's common shares
will continue to trade on AMEX until March 4.

"We are very pleased to join the majority of our trucking industry peers
on NASDAQ, and believe this is a logical next step in supporting
Vitran's growth while offering our U.S. shareholders enhanced liquidity.
We thank everyone at the American Stock Exchange for their fine service
and support," stated Vitran President and Chief Executive Officer Rick
Gaetz.

About Vitran Corporation Inc.

Vitran Corporation Inc. is a North American group of transportation
companies offering less-than-truckload, logistics, truckload, and
freight brokerage services. To find out more about Vitran Corporation
Inc. (AMX:VVN)(TSX:VTN), visit the website at www.vitran.com.

Statements in the press release regarding management's future
expectation, beliefs, goals, plans, or prospects constitute
forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made.
For this purpose, any statements that are contained herein that are not
statements or historical fact may be deemed to be forward-looking
statements made pursuant to the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995. Without
limiting the foregoing, the words "believes," "anticipates," "plans,"
"intends," "will," "should," "expects," "projects," and similar
expressions are intended to identify forward-looking statements. You are
cautioned that such statements are subject to a multitude of risks and
uncertainties that could cause actual result, future circumstances or
events to differ materially from those projected in the forward-looking
statements. These risks include, but are 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, government regulation
changes, environmental hazards and other risks detailed from
time-to-time in the Company's public disclosure documents or other
filing with the Canadian and United States securities commissions or
other securities regulatory bodies. The forward-looking statements are
made as of the date hereof, and the Company disclaims any intention and
has no obligation or responsibility, except as required by law, to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Vitran Corporation Inc.
    Richard E. Gaetz
    President/CEO
    (416) 596-7664
    or
    Vitran Corporation Inc.
    Sean Washchuk
    VP Finance/CFO
    (416) 596-7664
    or
    Jaffoni & Collins Incorporated
    Robert L. Rinderman
    (212) 835-8500
    or
    Jaffoni & Collins Incorporated
    Purdy Tran
    (212) 835-8500
    VVN@jcir.com