Consolidated Fastfrate Inc. Wins recognition for risk management initiative

Press Release - February 14, 2004

(WOODBRIDGE, ON) - Consolidated Fastfrate Inc., one of Canada’s largest privately owned transportation companies, was recently presented with “The Risk Management Award for Claims Experience Excellence” by Hubbard Insurance Brokers Inc. located in Mississauga, Ontario Canada. This award honours and recognizes the winning company’s diligence and commitment to responsible claims management through the implementation of internal programs.

The criteria for selection for this achievement required ongoing and extensive audits by Hubbard Insurance Inc. over a period of thirty six months. A cross section of several different industries and organizations were considered for this award. Consolidated Fastfrate Inc. has 16 terminals located across Canada and have incorporated a risk management program that encompasses several different aspects of their business.

This program’s procedures and policies are categorized to include: safety, security, management of claims, fleet maintenance, dangerous goods education and driver training. Mr. John Hubbard, President of Hubbard Insurance Inc. said, “Consolidated Fastfrate’s entire team can be justifiably proud of developing and maintaining standards of operational excellence that have exceeded the industry standard and meet the regulations set by the national safety code.”

Consolidated Fastfrate inc. is proud to accept this award. “We are honoured to be recognized by one of our valued suppliers and business partners,” comments Mr. Leonard Wyss, Vice-President of Finance. “Safety is not taken for granted. It is only through the efforts of the entire Consolidated Fastfrate team that we are able to maintain our exemplary record.

The long term business relationship between these two organizations has worked seamlessly together in executing a safety and risk management program that is in a constant state of evolution; one that is expanding and responding to new challenges every year.