MONTREAL, Jan. 20, 2012 /CNW Telbec/ - TransForce Inc. (TSX: TFI), a North American leader in the transportation and logistics industry, today announced that H. John Stollery, P. Eng. has resigned as a member of the Company's Board of Directors. Mr. Stollery has served as a Board member since 2000. In addition to his duties as Director, Mr. Stollery was active as a member of the Human Resources and Compensation Committee. He is currently Chairman of the Board of Process Capital Corporation.
Alain Bédard, TransForce Chairman, President and Chief Executive Officer thanked Mr. Stollery for his years of service and guidance. "The insight John regularly contributed has been most helpful as TransForce has grown and evolved into various transportation and logistics segments. The Board and indeed, all of our shareholders have benefited from his vision. We wish him success in all his future endeavours."
A replacement will be elected at the Company's annual meeting scheduled for April 26, 2012.
ABOUT TRANSFORCE
TransForce Inc. is a North American leader in the transportation and logistics industry. Operating across Canada and the United States, TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned, operating subsidiaries. Under the TransForce umbrella, companies benefit from corporate financial and operational resources to build their businesses and increase their efficiency. TransForce companies service four well-defined reportable segments:
- Package and Courier;
- Less-Than-Truckload;
- Truckload, which includes specialized truckload and dedicated services;
- Specialized Services, which includes waste management, energy sector services, logistics and ancillary transportation services.
TransForce Inc. (TFI) is publicly traded on the Toronto Stock Exchange (TSX). For more information, visit http://www.transforcecompany.com.
FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of TransForce. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for TransForce's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
Investors: | Media: |
Alain Bédard Chairman, President and CEO TransForce Inc. (514) 331-4200 [email protected] |
Rick Leckner MaisonBrison Communications (514) 731-0000 rickl@maisonbrison.com |
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