MONTREAL, October 12, 2007 - TransForce Income Fund (TSX: TIF.UN), the leader in the
Canadian transportation and logistics industry, today announced amendments to its existing
financing agreement that enhance the size and flexibility of the TransForce’s borrowing capacity.
The enhanced agreement with a group of financial institutions led by National Bank Financial will
result in the Fund’s four-year revolving facility being increased to $515 million from $350 million.
The Fund’s seven-year term facility will remain unchanged at $160 million. The amendment also
provides for an additional $125 million in financing subject to certain conditions being met. The
amended agreement will give the Fund a potential total authorized borrowing capacity of $800
million, compared with $600 million under the former agreement.
The facilities provide more flexible conditions and will allow TransForce to repay outstanding
indebtedness, to continue to pursue acquisitions, and to finance general corporate purposes. The
security for the facilities continues to be limited to the Fund’s accounts receivable and rolling stock.
“We are very pleased with the additional borrowing capacity and the increased flexibility of the
terms and conditions of the amended financing,” said Alain Bédard, Chairman, President and Chief
Executive Officer of Transforce Income Fund. “The agreement demonstrates confidence in the
Fund’s long-term operations and financial condition and will allow us to continue to grow and add
value for our unitholders.”