Vitran (VTNC) 8-K Other Events

Exhibit 99.1

News Announcement

REMINDER:
Vitran management will conduct a conference call and webcast today, July 19 at 10:00 a.m. (ET), to discuss the Company’s 2007 second quarter results.
Conference call dial-in:800/728-2149
Live Webcast: www.vitran.com (select “Investor Relations”)

CONTACT:
Richard Gaetz, President/CEO	Robert Rinderman
Sean Washchuk, VP Finance/CFO	Steven Hecht
Vitran Corporation Inc.	Jaffoni & Collins Incorporated
416/596-7664	212/835-8500 or VTNC@jcir.com
FOR IMMEDIATE RELEASE

VITRAN REPORTS 2007 SECOND QUARTER OPERATING RESULTS

TORONTO, ONTARIO (July 19, 2007) — Vitran Corporation Inc. (NASDAQ: VTNC, TSX: VTN), a North American transportation and logistics firm, today announced quarterly financial results for the 2007 second quarter ended June 30, 2007 (all figures reported in $U.S.).

Vitran achieved net income of $5.5 million, or $0.41 per diluted share, on revenue of $170.1 million for the 2007 second quarter. In the comparable 2006 quarter, Vitran recorded net income of $5.8 million, or $0.45 per diluted share, on revenue of $123.6 million.

“Vitran continues to be impacted by overall softness in the North American economy, which has adversely affected LTL freight levels and to a lesser degree, industry pricing,” stated Vitran President and Chief Executive Officer Rick Gaetz.

“Our recent acquisitions continue to perform on-plan and Vitran remains well-positioned for future growth with the expected launch of our new hybrid operating system and the completion of the operational integration — both of which are slated to be finished later this year. Once these critical elements are in place we will be aggressively rolling out the Company’s inter-regional cross-selling offerings, as well as focusing on further expanding Vitran’s cross-border business. Lastly, we also continue to seek complementary, accretive LTL acquisitions in regions Vitran is not yet serving,” concluded Mr. Gaetz.

During the six-month period ended June 30, 2007, Vitran achieved net income of $8.9 million, or $0.65 per diluted share, on revenue of $324.3 million. In the comparable first half of 2006, the Company reported net income of $9.5 million, or $0.74 per diluted share, on revenue of $238.8 million.

Vitran Q2 2007, 7/19/07 page 2 of 6

Segmented Results
Income from operations at Vitran’s LTL (less-than-truckload) segment improved 12.0 percent during the 2007 second quarter to $9.0 million, and the LTL segment’s OR (operating ratio) during the three-month period was 94.0, compared to a Q2 ‘06 OR of 92.4. The LTL segment posted a 58.0 percent increase in shipments and a 41.4 percent increase in tonnage. Revenue per hundredweight increased 1.3 percent and revenue per shipment fell 9.4 percent, during the period.

The Logistics segment achieved 15.2 percent growth in income from operations during the second quarter, and its OR improved to 93.4, compared to 93.8 for the 2006 period. Income from operations at the Truckload segment, which was also impacted by the sluggish freight environment during the three-month period, was $405,000, on an OR of 95.1, versus income from operations of $530,000 and an OR of 93.5, for the year-ago period.

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.” Additional information regarding non-GAAP measures is also included on Form 10K. Many of these factors are beyond the Company’s control; therefore, future events may vary substantially from what the

Vitran Q2 2007, 7/19/07 page 3 of 6

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.

Vitran Corporation Inc.
Consolidated Balance Sheets
(in thousands of United States dollars, US GAAP)

	June 30, 2007		Dec. 31, 2006
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	1,047	$	1,454
Accounts receivable		79,415		66,051
Inventory, deposits and prepaid expenses		9,713		10,796
Income taxes receivable		4,347		—
Deferred income taxes		3,227		1,720
		97,749		80,021
Property and equipment		154,770		145,129
Intangible assets		14,766		15,888
Goodwill		119,136		117,146
Other		125		150
	$	386,546	$	358,334
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities	$	72,584	$	67,916
Income and other taxes payable		—		1,275
Current portion of long-term debt		16,353		15,724
		88,937		84,915
Long-term debt		99,089		99,139
Other		2,089		—
Deferred income taxes		11,826		6,983
Shareholders’ equity:
Common shares		77,168		76,913
Additional paid-in capital		2,018		1,607
Retained earnings		99,853		90,933
Accumulated other comprehensive income		5,566		3,844
		184,605		173,297
	$	386,546	$	358,334

(Statements of Income follows)

Vitran Q2 2007, 7/19/07 page 4 of 6

Vitran Corporation Inc.
Consolidated Statements Of Income
(Unaudited)
(in thousands of United States dollars except per share amounts, US GAAP)

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2007			2006			2007			2006
Revenues	$	170,144		$	123,641		$	324,280		$	238,768
Operating expenses		140,780			101,307			269,236			198,428
Selling, general and administrative expenses		15,283			11,737			30,382			22,480
Other income		(101	)		(40	)		(72	)		(156	)
Depreciation and amortization expense		5,109			2,509			10,054			4,916
		161,071			115,513			309,600			225,668
Income from operations before undernoted		9,073			8,128			14,680			13,100
Interest expense, net		2,115			171			4,179			347
Income from operations before income taxes		6,958			7,957			10,501			12,753
Income taxes		1,425			2,181			1,581			3,354
Net income from continuing operations	$	5,533		$	5,776		$	8,920		$	9,399
Cumulative effect of change in accounting principle		—			—			—			141
Net income	$	5,533		$	5,776		$	8,920		$	9,540
Income per share:
Basic
Net income from continuing operations	$	0.41		$	0.45		$	0.66		$	0.74
Cumulative effect of a change in accounting principle		—			—			—			0.01
Net income	$	0.41		$	0.45		$	0.66		$	0.75
Diluted
Net income from continuing operations	$	0.41		$	0.45		$	0.65		$	0.73
Cumulative effect of change in accounting principle		—			—			—			0.01
Net income	$	0.41		$	0.45		$	0.65		$	0.74
Weighted average number of shares
Basic		13,463,374			12,732,644			13,450,790			12,692,582
Diluted		13,661,467			12,964,761			13,656,765			12,950,673

(Statements of Cash Flows follows)

Vitran Q2 2007, 7/19/07 page 5 of 6

VITRAN CORPORATION INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands of United States dollars, US GAAP)

	Three months			Three months			Six months			Six months
	Ended			Ended			Ended			Ended
	Jun. 30, 2007			Jun. 30, 2006			Jun. 30, 2007			Jun. 30, 2006
Cash provided by (used in):
Operations:
Net income	$	5,533		$	5,776		$	8,920		$	9,540
Items not involving cash from operations
Cumulative effect of change in accounting principle		—			—			—			(141	)
Depreciation and amortization expense		5,109			2,509			10,054			4,916
Deferred income taxes		1,628			195			2,595			572
Share-based compensation expense		251			219			459			409
Gain on sale of property and equipment		(101	)		(40	)		(72	)		(156	)
Change in non-cash working capital components		(2,066	)		(1,509	)		(5,763	)		446
		10,354			7,150			16,193			15,586
Investments:
Purchase of property and equipment		(6,870	)		(9,651	)		(11,420	)		(11,529	)
Proceeds on sale of property and equipment		167			1,384			238			1,554
Additional payment due to acquisition of subsidiary		(6,383	)		—			(6,921	)		—
Acquisition of business assets		—			—			—			(2,251	)
		(13,086	)		(8,267	)		(18,103	)		(12,226	)
Financing:
Change in revolving credit facility		6,838			—			10,122			(2,985	)
Repayment of long-term debt		(2,255	)		(631	)		(4,510	)		(1,952	)
Repayment of capital leases		(1,674	)		—			(3,314	)		—
Issue of common shares upon exercise of stock options		80			158			207			479
		2,989			(473	)		2,505			(4,458	)
Effect of translation adjustment on cash		(753	)		(63	)		(1,002	)		(177	)
Increase (decrease) in cash position		(496	)		(1,653	)		(407	)		(1,275	)
Cash position, beginning of period		1,543			14,970			1,454			14,592
Cash position, end of period	$	1,047		$	13,317		$	1,047		$	13,317
Change in non-cash working capital components:
Accounts receivable	$	(6,354	)	$	(4,083	)	$	(13,364	)	$	(6,429	)
Inventory, deposits and prepaid expenses		696			1,438			1,083			1,626
Income and other taxes receivable/payable		(1,462	)		510			(5,987	)		98
Other liabilities		161			—			2,089			—
Accounts payable and accrued liabilities		4,893			626			10,416			5,151
	$	(2,066	)	$	(1,509	)	$	(5,763	)	$	446
Supplemental cash flow information
Capital lease additions	$	3,740		$	—		$	3,740		$	—

(additional financial information follows)

Vitran Q2 2007, 7/19/07 page 6 of 6

Supplementary Segmented Financial Information
(000’s of $U.S.) (Unaudited)

For the quarter ended							For the quarter ended
June 30, 2007							June 30, 2006
	Revenue		Inc. from		OR%			Revenue		Inc. from		OR%
			Operations							Operations
LTL		150,615		9,002		94.0	LTL		105,213		8,039		92.4
LOG		11,225		735		93.4	LOG		10,251		638		93.8
TL		8,304		405		95.1	TL		8,177		530		93.5
For the six months							For the six months
ended June 30, 2007							ended June 30, 2006
	Revenue		Inc. from		OR%			Revenue		Inc. from		OR%
			Operations							Operations
LTL		286,772		15,232		94.7	LTL		202,636		13,107		93.5
LOG		20,888		1,175		94.4	LOG		19,663		1,152		94.1
TL		16,620		700		95.8	TL		16,469		940		94.3

LTL SEGMENT — Statistical Information
(Unaudited)

Combined LTL (in US$)	LTL Division		Q. vs, Q. % change
2nd Quarter 2007
Revenue ($000’s)	$	150,615		43.2	%
No. of Shipments		1,085,865		58.0	%
Weight (000’s lbs)		1,555,693		41.4	%
Revenue per shipment	$	138.71		-9.4	%
Revenue per CWT	$	9.68		1.3	%
Year-to-date			6 mo. vs. 6 mo. % change
Revenue ($000’s)	$	286,772		41.5	%
No. of Shipments		2,079,241		53.8	%
Weight (000’s lbs)		3,023,539		41.0	%
Revenue per shipment	$	137.92		-8.0	%
Revenue per CWT	$	9.48		0.4	%

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