TRANSPORT CORPORATION OF AMERICA, INC. 1715 YANKEE DOODLE ROAD EAGAN, MN 55121 Traded: Nasdaq: TCAM COMPANY CONTACTS: Michael Paxton Keith Klein Chairman, President and CEO Chief Financial Officer (651) 686-2500 (651) 686-2500 FOR IMMEDIATE RELEASE THURSDAY, JULY 17, 2003 TRANSPORT CORPORATION OF AMERICA REPORTS THE SALE OF ITS CLARKSVILLE, INDIANA MAINTENANCE FACILITY MINNEAPOLIS, MN, JULY 17, 2003 -- TRANSPORT CORPORATION OF AMERICA, INC. (NASDAQ:TCAM) said today that it has completed the previously announced plan to sell its maintenance facility located in Clarksville, Indiana for net cash proceeds of approximately $2.0 million. The Company expects to record a gain on the sale of the property of approximately $1.3 million. ABOUT TRANSPORT AMERICA Transport Corporation of America, Inc., based in the Minneapolis - St. Paul metropolitan area, provides a wide range of truckload freight carriage and logistics services to customers in the United States and Canada. Transport America focuses on providing time-definite and other responsive services through its team of dedicated and committed employees supported by state-of-the-art technology and information systems. This news release contains forward-looking statements regarding the Company. The Company wishes to caution readers not to place undue reliance on any forward-looking statements which speak only as of the date made. The following important factors, among other things, in some cases have affected and in the future could affect the Company's actual results and could cause the Company's actual financial performance to differ materially from that expressed in any forward-looking statement: (1) the highly competitive conditions that currently exist in the Company's market and the Company's ability to compete, (2) the Company's ability to recruit, train, and retain qualified drivers, (3) increases in fuel prices, and the Company's ability to recover these costs from its customers, (4) the impact of environmental standards and regulations on new revenue equipment, (5)changes in governmental regulations applicable to the Company's operations, (6) adverse weather conditions, (7) accidents, (8) the financing and resale market for used revenue equipment, (9) changes in interest rates, (10) cost of liability insurance coverage, and (11) downturns in general economic conditions affecting the Company and its customers. The foregoing list should not be construed as exhaustive and the Company disclaims any obligation subsequently to revise or update any previously made forward-looking statements. Unanticipated events are likely to occur. For more information about Transport Corporation of America, Inc., please visit the company's Web site at www.transportamerica.com. ------------------------