Montreal, Quebec, May 14, 2008 - TransForce has completed the final requirements to convert
from an income fund to a corporation.
The unitholders of TransForce Income Fund (TSX:TIF.UN) have approved the conversion of the
company to a corporate structure. The units will be exchanged on a 1-for-1 basis for TransForce Inc. (TSX:TFI).
As a result of the conversion, TransForce Income Fund will be removed from the S&P/TSX Income
Trust Index. TransForce Inc. will be added to the S&P/TSX Equity and Capped Equity, the S&P/TSX
Equity completion and the S&P/TSX Equity SmallCap Indices. These changes are effective after the
close of Friday, May 16, 2008.