TransForce Inc. and DHL Express Canada Announce Completion of Sale of Domestic Operations in Canada
Customers already seeing solid progress on ten year strategic alliance for best‐in‐class fully integrated international and domestic shipping.
Montréal, Québec and Toronto, Ontario, June 27, 2011 – TransForce Inc. (“TransForce” or “the
Company”) (TSX: TFI) and DHL Express (Canada) Ltd (“DHL Express Canada”) jointly announced today the
formal closing of their previously announced agreement whereby TransForce, a North American leader
in the transportation industry, has purchased the assets of DHL Express Canada’s domestic business and
will be operated through a newly established subsidiary, Loomis Express. With the closure of the
transaction, Loomis Express and DHL Express Canada will begin operating as two separate companies,
providing a completely integrated domestic and international suite of innovative and strongly
competitive logistics and shipping services.
Under the strategic alliance, Loomis Express will focus on providing expanded domestic operations in
the Canadian package and courier sector, allowing DHL Express Canada to leverage its core strength and
focus exclusively on the Canadian international shipping segment.
“This transaction creates a strong competitive advantage, bringing together two leading organizations to
deliver a more powerful service across Canada and the world. The deal solidifies TransForce’s position
as a leading Canadian provider of package and courier services. We have now been working together
for almost two months and customer reaction to the enhanced service offering had been most positive.
Similar to the February Dynamex agreement, the DHL Express asset purchase is asset light,” stated Alain
Bédard, Chairman, President and Chief Executive Officer of TransForce Inc.
“Since our initial announcement of this strategic alliance, we have been working closely with TransForce
to ensure a smooth and stable transition,” said Ken Allen, Chief Executive Officer of DHL Express. “Our
primary commitment is to provide the highest quality international shipping. We look forward to the
strategic alliance with TransForce to continue offering seamless integrated shipping solutions.”
DHL Express’ existing domestic management team is remaining at Loomis Express to ensure continuity
for all customers.
There will be no impact on other DHL businesses and operations in Canada and all other regions and
countries globally. With over 5000 Canadian employees working for DHL Express, DHL Global
Forwarding, DHL Supply Chain, DHL Global Mail and Williams Lea, Canada continues to be an important
market for the company.
From the perspective of DHL Express, Mr. Allen added that this alliance strategy has worked very well in
other major markets for DHL customers and he expects the same here in Canada.
An integrated advertising campaign entitled “The Power of 2” continues across Canada to underscore
how DHL Express and Loomis Express will be working together to bring Canadian businesses a more
powerful delivery service in Canada, and the world.