TransForce Inc. (TSX: TFI), a North American leader in the transportation and logistics industry, announces that it has indirectly acquired ownership of, and control and direction over, an aggregate of 1,763,478 common shares of Vitran Corporation Inc. (NASDAQ: VTNC, TSX: VTN), representing, to TransForce's knowledge, 10.75% of the issued and outstanding common shares of Vitran. TransForce acquired the shares during the period from December 17, 2012 to January 24, 2013.

TransForce acquired the 1,763,478 shares through the facilities of the Toronto Stock Exchange and NASDAQ. The 1,763,478 shares were acquired by TransForce at an average price of C$5.18, for aggregate consideration of C$9,136,403. The shares were acquired by TFI Holdings Inc., a wholly-owned subsidiary of TransForce.