Vitran Reports 2007 First Quarter Results

Market Wire, April, 2007

Vitran Corporation Inc. (TSX: VTN)(NASDAQ: VTNC) -

REMINDER:
Vitran management will conduct a conference call and webcast
tomorrow, April 26, at 10:00 a.m. ET, to discuss the Company's
2007 first quarter results
Conference call dial-in: 800/530-8983
Live Webcast:  www.vitran.com  (select "Investor Relations")

Vitran Corporation Inc. (TSX: VTN)(NASDAQ: VTNC), a North American transportation and logistics firm, today announced financial results for the 2007 first quarter, the three-month period ended March 31, 2007 (all figures reported in $U.S.).

Vitran earned net income of $3.4 million, or $0.25 per diluted share, on revenue of $154.1 million for the quarter. The Company's operating results included the contribution of PJAX Freight System, which closed at the beginning of October 2006. In the comparable 2006 three-month period, Vitran recorded net income of $3.8 million, or $0.28 per diluted share ($0.29 including the cumulative effect of a change in accounting principle), on revenue of $115.1 million.

"2007 is off to a reasonably good start given the challenges of a soft economic environment," stated Vitran President and Chief Executive Officer Rick Gaetz. "Our newly acquired LTL companies are performing on-plan, Vitran's existing and new customers are seeing the value in our inter-regional sales offerings, and we are pleased with the additional business."

"The all-important integration of our U.S. LTL operating system - combining the best of Vitran's legacy I.T. system with the I.T. platform that PJAX had previously been utilizing - is proceeding well, and when the system is completed and fully operational later this year, it will allow us to operate more efficiently and effectively, especially with our inter-regional and cross-border service offerings," added Mr. Gaetz.

Segmented Results

Income from operations at Vitran's LTL (less-than-truckload) segment rose 22.9 percent to $6.2 million in the first quarter of 2007. LTL segment revenue grew 39.8 percent to $136.2 million, and the LTL OR (operating ratio) was 95.4 for the three-month period, versus an OR of 94.8 in the prior year quarter. In the 2007 first quarter, LTL revenue per hundredweight, including fuel surcharge, declined 0.6 percent. Excluding PJAX, which had shorter average lengths of haul, LTL revenue per hundredweight rose 2.8 percent during the period. Reflecting contributions from the newly acquired carriers, tonnage increased 40.7 percent, and the number of shipments rose by approximately 50 percent during the quarter. Revenue per shipment was lower by 6.5 percent during the three-month period.

The Logistics segment achieved income from operations in the 2007 first quarter of $440,000, compared to $514,000 in the year-ago period. The segment's OR was 95.4, versus 94.5 in the year-earlier quarter. The Truckload segment recorded income from operations during the quarter of $295,000 and its OR was 96.5.

Management's 2007 EPS Guidance

Vitran maintains its full-year 2007 diluted earnings per share (EPS) guidance of between $1.60 and $1.70.

About Vitran Corporation Inc.

Vitran Corporation Inc. is a North American group of transportation companies offering less-than-truckload, logistics, truckload, and freight brokerage services. To find out more about Vitran Corporation Inc. (NASDAQ:VTNC, TSX:VTN), visit the website at www.vitran.com .

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements may be generally identifiable by use of the words "believe", "anticipate", "intend", "estimate", "expect", "project", "may", "plans", "continue", "will", "focus should" "endeavor" or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such forward-looking statements.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Vitran's actual results, performance or achievements to differ materially from those projected in the forward-looking statements. Factors that may cause such differences include, but are not limited to, technological change, increases in fuel costs, regulatory changes, the general health of the economy, seasonal fluctuations, unanticipated changes in railroad capacities, exposure to credit risks, changes in labour relations and competitive factors. More detailed information about these and other factors is included in the annual MD&A on Form 10K under the heading "General Risks and Uncertainties." Many of these factors are beyond the Company's control; therefore, future events may vary substantially from what the Company currently foresees. You should not place undue reliance on such forward-looking statements. Vitran Corporation Inc. does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.