Transport America Announces Leadership Transition

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May 04, 2015, 12:54 ET

EAGAN, Minn., May 4, 2015 /PRNewswire/ -- Transport Corporation of America, Inc. ("Transport America") announced today that Scott Arves will be stepping down as President effective June 1, 2015. Keith Klein, Transport America's Executive VP and Chief Operating Officer will succeed Mr. Arves as President.

Mr. Arves has been a leader in the transportation industry for over 36 years, and has served as President of Transport America for the last 9 years. During his tenure, Transport America moved from public to private, dramatically improved operating results, and was successful in a sale to TransForce Inc. (TSX:TFI) in July of 2014. In addition, the Company earned the Quest for Quality, Best of the Best Award twice in the last four years.

"I am very proud of the team we have built here that is responsible for the tremendous improvements. I am confident in Keith's ability to lead Transport America; he has been key to driving many of the results. With the backing and strength of TransForce and with the professionalism of the Transport America team, I believe the best days are still ahead of us. I have committed to staying on in an advisory capacity to continue to support Transport America and TransForce," said Arves.

Mr. Klein has been with Transport America since 1999, and has held several positions, most recently as Chief Operating Officer. Previously, Mr. Klein held the roles of Chief Financial Officer and Chief Information Officer. Mr. Klein has been active in the Minnesota Trucking Association since 2001, serving as Chairman from 2009 through 2011. "Transport America is a wonderful company. I've had the privilege to work closely with Scott for the past 9 years. We have assembled a world class leadership team and have established a culture for success. My plan is to continue to build on these strengths and take us to the next level," said Klein.

About Transport America
Transport America is a leading provider of truckload transportation and logistics services throughout much of the US, Mexico and Canada. Transport America has been in business since 1984 and was sold to TransForce in 2014 to become their platform for US expansion. The company's broad portfolio of services, which includes Solo and Team over-the-road, Dedicated, Regional, Intermodal and Brokerage, executed by talented professionals with state-of-the-art technology, caters to Fortune 1000 shippers who value Transport America's customer service focus. To learn more about Transport America, please visit www.transportamerica.com .

About TransForce
TransForce Inc. is a North American leader in the transportation and logistics industry, operating across Canada and the United States through its subsidiaries. TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TransForce umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TransForce companies service the following segments: