| TORONTO--(BUSINESS
WIRE)-- Sept 15, 1999 -- Vitran Corporation Inc. (Nasdap: VVN, TSE: VTNA), a North American
transportation and logistics firm, today announced its intention, subject to the approval
of The Toronto Stock Exchange, to commence a normal course issuer bid to acquire up to
496,200 shares (approximately 5%) of its outstanding Class A Voting Shares by way of open
market purchases through the facilities of, and in accordance with, the by-laws and rules
of The Toronto Stock Exchange. It is
expected that the bid will commence September 17, 1999 and end September 16, 2000. Vitran
currently has 9,924,459 Class A Voting Shares outstanding, During its previous Normal
Course Issuer Bid, Vitran acquired 39,500 shares at an average price of $8.21 per share.
Vitran's management believes such purchases to be a prudent use of funds.
Vitran Corporation Inc. is a North American group
of transportation companies offering less-than-truckload, truckload, intermodal marketing,
truck brokerage and logistics services. Further Company information is available at http://www.vitran.com.
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