Press releases 2005
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Growth at TransForce Leads to New Management Appointments

Montreal, January 4, 2005 — TransForce Income Fund (TSX: TIF.UN), the leader in the Canadian
transportation and logistics industry, today announced a series of management appointments that
strengthen the leadership of the Fund’s operating subsidiaries and its ability to continue to create
unitholder value.

“We believe the pace of growth in 2004 means TransForce will have significantly increased its
revenues and more than doubled its net income on an annualized basis since 2002, when it became
an income trust. Our management team must evolve with that growth,” said Alain Bédard,
Chairman, President and Chief Executive Officer of TransForce Income Fund. “The acquisitions we
have made have brought us outstanding people as well as successful operations. I am pleased to be
able to draw on our own experienced and talented people to help manage the next phase of growth
at TransForce.”

Gary King, formerly President of TST Overland Express, has been appointed President of TransForce
subsidiary TST Solutions L.P. In this new position, Mr. King will have direct responsibility for a group
of TransForce divisions comprising Kingsway, Select, Daily, TST Expedited Services, TST Air, TST
Automotive Services, TST Truckload Express, TST Load Brokerage Services, and TST Overland
Express. Mr. King will report directly to Mr. Bédard,

“Through his work at TST Overland, Gary King has demonstrated the leadership that has delivered
value for TransForce unitholders. We are confident that Gary and the team that will report to him
will make this new group even more successful,” Mr. Bédard said.

The other appointments to presidents of operating subsidiaries are:

  • Barry Bruneau has been appointed President of TST Automotive Services and Senior Vice
    President of TST Solutions L.P. Barry joined the TST Companies in 1980 and most recently
    was the Senior Vice President for both TST Automotive Services and TST Overland Express.
  • Brian Kohut has been promoted to President of Kingsway where he most recently was
    Executive Vice President. Brian joined TST Expedited Services as Vice President & General
    Manager in 2001 after spending over 20 years in the transportation industry.
  • Rob O’Reilly has been promoted to President of TST Overland Express. After spending several
    years in the logistics business, Rob joined TST Overland Express in 1995 as Vice President,

The new executive appointments are effective January 1 st, 2005.