Montreal, Quebec, December 19, 2013 – TransForce Inc. (TSX: TFI, OTCQX: TFIFF), a North American leader in the transportation and logistics industry, today announced that it has entered into an agreement with Waste Management of Canada Corporation, a subsidiary of Waste Management, Inc. (WM: NYSE), to use approximately 30% of the remaining capacity of the Lachute Landfill Site, located in Lachute, Quebec.
Under the terms of the agreement, TransForce will have 30 years to use this capacity, which amounts to an estimated 1,875,000 tonnes. The transaction provides TransForce’s Malex business unit with its own disposal capacity, which should improve operating efficiency and cost management. It should also allow TransForce to broaden its service offering to municipalities in the Laurentides and Outaouais regions of Québec.
“TransForce is pleased with this additional landfill capacity, which allows us to further enhance our service offering in the waste management sector. Given its prime location, the Lachute site will provide significant opportunities to grow our customer base and our density,” said Alain Bédard, Chairman, President and Chief Executive Officer of TransForce.