TransForce Income Fund declares cash distribution

MONTREAL, May 5 /CNW Telbec/ - TransForce Income Fund (TSX: TIF-UN.TO), a leader in the Canadian transportation and logistics industry, today declared a distribution in the amount of $0.06625 per trust unit (and its economic equivalent paid as a dividend to the tracking shareholders of TFI Holdings Inc.), to be paid on June 13, 2008 to trust unitholders and tracking shareholders of record at the close of business on May 15, 2008.

This is expected to be the final distribution by TransForce Income Fund in light of its previously-announced plan to convert from an income fund to a growth oriented dividend-paying corporation. The conversion will be considered by unitholders of TransForce Income Fund and shareholders of TFI Holdings Inc., an affiliated corporation, at meetings to be held in Laval, Québec on May 12, 2008.

Should unitholders and shareholders not approve the conversion, the Board of Trustees of TFI Operating Trust will meet shortly after the meetings to determine the next distribution.

Profile

TransForce Income Fund (www.transforce.ca) is the leader in Canada's transportation and logistics industry. Headquartered in Montreal, Quebec, the Fund's objective is to create value for unitholders through managing and investing in a growing network of wholly-owned, independent operating subsidiaries. TransForce provides a comprehensive and unique combination of capabilities, resources and geographical coverage in both domestic and trans-border markets. Its companies currently operate in five well-defined business segments:

    
    - Less Than Truckload;
    - Package and Courier;
    - Specialized Services, which includes its ancillary transportation
      services such as logistics, warehousing & dedicated services, fleet
      management & personnel services; oilfield & oilsand services, and;
      waste management;
    - Specialized Truckload; and
    - Truckload.
    

TransForce's trust units (TIF.UN) are listed on the Toronto Stock Exchange and are included in the S&P/TSX Composite Index.

Forward-Looking Statements

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of TransForce. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for TransForce's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.

Contacts

Investors: Alain Bédard
Chairman of the Board
President and CEO
TransForce Income Fund
(514) 331-4200
abedard@transforce.ca

Media: John Lute
Lute & Company
(416) 929-5883
jlute@luteco.com