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TransForce Declares Quarterly Dividend

Montreal, Quebec, December 15, 2016 – The Board of Directors of TransForce Inc. (TSX: TFI, OTCQX: TFIFF), a North American leader in the transportation and logistics industry, declared a quarterly dividend of $0.19 per outstanding common share of its capital payable on January 16, 2016 to shareholders of record at the close of business on December 30, 2016.

A portion of dividends paid will not be eligible dividends as they come from earnings of acquired companies that were taxed at lower rates. Therefore, 11.4% (approximately $0.022 per share) of the current dividend will not be designated as an eligible dividend while the balance of 88.6% (approximately $0.168 per share) will be designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.