10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File Number: 001-32449

VITRAN CORPORATION INC.

(Exact name of registrant as specified in its charter)

Ontario, Canada	98-0358363
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

185 The West Mall, Suite 701,

Toronto, Ontario, Canada, M9C 5L5

(Address of principal executive offices and zip code)

416-596-7664

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 16,432,241 common shares outstanding at July 30, 2013

TABLE OF CONTENTS

Item		Page
PART I	Financial Information
1.	Financial Statements
	Unaudited Consolidated Statements of Income (Loss) for the three and six months ended June 30, 2013 and 2012		3
	Unaudited Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2013 and 2012		4
	Consolidated Balance Sheets as at June 30, 2013 (unaudited) and December 31, 2012		5
	Unaudited Consolidated Statements of Changes in Shareholders’ Equity for the three and six months ended June 30, 2013 and 2012		6
	Unaudited Consolidated Statements of Cash Flows for the three and six months ended June 30, 2013 and 2012		7
	Notes to Unaudited Consolidated Financial Statements		8
2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		11
3.	Quantitative and Qualitative Disclosures About Market Risk		18
4.	Controls and Procedures		18
PART II	Other Information
1.	Legal Proceedings		19
1. A	Risk Factors		19
2.	Unregistered Sales of Equity Securities and Use of Proceeds		19
3.	Defaults Upon Senior Securities		19
4.	Mine Safety Disclosures		19
5.	Other Information		19
6.	Exhibits		20

2

Part I. Financial Information

Item 1: Financial Statements

VITRAN CORPORATION INC.

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(Unaudited)

(In thousands of United States dollars except for per share amounts)

	Three months Ended June 30, 2013			Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Revenue	$	165,443		$	183,789		$	326,552		$	362,376
Operating expenses:
Salaries, wages and other employee benefits		75,628			78,054			148,750			154,425
Purchased transportation		25,968			26,176			50,944			51,947
Depreciation and amortization		3,696			3,766			7,597			7,525
Maintenance		8,710			9,148			16,189			17,731
Rents and leases		8,916			8,439			17,515			16,386
Owner operators		13,005			11,950			24,974			23,178
Fuel and fuel-related expenses		29,868			34,738			61,443			70,762
Other operating expenses		15,806			16,205			31,439			31,292
Other income		(673	)		(132	)		(963	)		(50	)
Total operating expenses	$	180,924		$	188,344		$	357,888		$	373,196
Loss from continuing operations before the undernoted		(15,481	)		(4,555	)		(31,336	)		(10,820	)
Interest expense, net		1,358			1,325			3,278			2,635
Loss from continuing operations before income taxes		(16,839	)		(5,880	)		(34,614	)		(13,455	)
Income tax expense (recovery)		134			(157	)		(12	)		(545	)
Net loss from continuing operations		(16,973	)		(5,723	)		(34,602	)		(12,910	)
Discontinued operations, net of income taxes (note 3)		—			1,560			85,301			2,931
Net income (loss)	$	(16,973	)	$	(4,163	)	$	50,699		$	(9,979	)
Income (loss) per share:
Basic and Diluted: Loss from continuing operations Discontinued operations income Net income (loss)	$	(1.03 —   (1.03	)  )	$	(0.35 0.10 (0.25	)  )	$	(2.11 5.20 3.09	)	$	(0.79 0.18 (0.61	)  )
Weighted average number of shares:
Basic		16,432,241			16,399,241			16,417,108			16,383,175
Diluted		16,432,241			16,399,241			16,417,108			16,383,175

See accompanying notes to consolidated financial statements

3

VITRAN CORPORATION INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited)

(In thousands of United States dollars)

	Three months Ended June 30, 2013			Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Net income (loss)	$	(16,973	)	$	(4,163	)	$	50,699		$	(9,979	)
Other comprehensive income (loss):
Change in foreign currency translation adjustment (net of income tax expense (recovery) of nil and $48 for the three and six months ended June 30, 2013; 2012—$1 and ($5))		(1,114	)		(112	)		(1,937	)		(47	)
Foreign currency translation reclassified from accumulated other comprehensive income (note 3)		—			—			1,865			—
Other comprehensive loss	$	(1,114	)	$	(112	)	$	(72	)	$	(47	)
Comprehensive income (loss)	$	(18,087	)	$	(4,275	)	$	50,627		$	(10,026	)

See accompanying notes to consolidated financial statements

4

VITRAN CORPORATION INC.

CONSOLIDATED BALANCE SHEETS

(In thousands of United States dollars)

	June 30, 2013 (Unaudited)			Dec 31, 2012 (Audited)
Assets
Current assets:
Cash and cash equivalents	$	41,235		$	233
Accounts receivable		73,343			65,291
Inventory, deposits and prepaid expenses		9,485			10,131
Income taxes recoverable		476			—
Current assets of discontinued operations		—			11,436
Deferred income taxes		87			92
Total current assets		124,626			87,183
Property and equipment		123,716			131,640
Intangible assets		1,841			2,707
Goodwill		5,278			5,579
Long-term assets of discontinued operations		—			11,388
Total assets	$	255,461		$	238,497
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities	$	70,840		$	67,744
Income taxes payable		—			517
Current liabilities of discontinued operations		—			14,068
Current portion of long-term debt		3,828			3,339
Total current liabilities		74,668			85,668
Long-term debt		79,155			101,997
Deferred income taxes		997			1,175
Shareholders’ equity:
Common shares, no par value, unlimited authorized, 16,432,241 and 16,399,241 issued and outstanding at June 30, 2013 and December 31, 2012, respectively		100,204			99,954
Additional paid-in capital		5,815			5,708
Accumulated deficit		(10,190	)		(60,889	)
Accumulated other comprehensive income		4,812			4,884
Total shareholders’ equity		100,641			49,657
Contingent liabilities (note 6)
Total liabilities and shareholders’ equity	$	255,461		$	238,497

See accompanying notes to consolidated financial statements

5

VITRAN CORPORATION INC.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

(In thousands of United States dollars, except share amounts)

	Common Shares				Additional Paid-in Capital			Accumulated Deficit			Accumulated Other Comprehensive Income			Total Shareholders’ Equity
	Shares		Amount
December 31, 2012		16,399,241	$	99,954	$	5,708		$	(60,889	)	$	4,884		$	49,657
Shares issued upon exercise of employee stock options		33,000		250		(80	)		—			—			170
Net income		—		—		—			50,699			—			50,699
Other comprehensive loss		—		—		—			—			(72	)		(72	)
Share-based compensation		—		—		187			—			—			187
June 30, 2013		16,432,241	$	100,204	$	5,815		$	(10,190	)	$	4,812		$	100,641
	Common Shares				Additional Paid-in Capital			Accumulated Deficit			Accumulated Other Comprehensive Income			Total Shareholders’ Equity
	Shares		Amount
December 31, 2011		16,331,241	$	99,746	$	5,334		$	(24,914	)	$	4,807		$	84,973
Shares issued upon exercise of employee stock options		68,000		208		(57	)		—			—			151
Net loss		—		—		—			(9,979	)		—			(9,979	)
Other comprehensive loss		—		—		—			—			(47	)		(47	)
Share-based compensation		—		—		227			—			—			227
June 30, 2012		16,399,241	$	99,954	$	5,504		$	(34,893	)	$	4,760		$	75,325

See accompanying notes to consolidated financial statements

6

VITRAN CORPORATION INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands of United States dollars)

	Three months Ended June 30, 2013			Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Cash provided by (used in):
Operations:
Net income (loss)	$	(16,973	)	$	(4,163	)	$	50,699		$	(9,979	)
Items not involving cash from operations:
Depreciation and amortization		3,696			3,766			7,597			7,525
Deferred income taxes		44			(1	)		(178	)		(44	)
Gain on sale of property and equipment		(673	)		(132	)		(963	)		(50	)
Share-based compensation expense		92			100			187			227
Income from discontinued operations (note 3)		—			(1,560	)		(85,301	)		(2,931	)
Change in non-cash working capital components		2,280			5,452			(4,739	)		(873	)
Continuing operations		11,534			3,462			(32,698	)		(6,125	)
Discontinued operations		—			237			475			3,616
		11,534			3,699			(32,223	)		(2,509	)
Investments:
Proceeds from sale of business, net of cash divested		363			—			94,102			—
Purchases of property and equipment		(1,695	)		(5,500	)		(2,486	)		(7,082	)
Proceeds on sale of property and equipment		1,451			1,026			1,795			1,567
Continuing operations		119			(4,474	)		93,411			(5,515	)
Discontinued operations		—			(261	)		22			(461	)
		119			(4,735	)		93,433			(5,976	)
Financing:
Change in revolving credit facility and bank overdraft		—			1,440			(31,750	)		10,980
Proceeds from long-term debt		—			—			14,058			—
Repayment of long-term debt		(628	)		(489	)		(1,072	)		(733	)
Repayment of capital leases		(409	)		(846	)		(811	)		(1,787	)
Financing costs		—			—			(514	)		—
Issue of common shares upon exercise of employee stock options		—			—			170			151
		(1,037	)		105			(19,919	)		8,611
Effect of foreign exchange translation on cash		(889	)		65			(289	)		(19	)
Increase (decrease) in cash and cash equivalents		(13,341	)		(866	)		41,002			107
Cash and cash equivalents, beginning of period		54,576			2,177			233			1,204
Cash and cash equivalents, end of period	$	41,235		$	1,311		$	41,235		$	1,311
Change in non-cash working capital components:
Accounts receivable	$	2,508		$	368		$	(8,002	)	$	(8,137	)
Inventory, deposits and prepaid expenses		992			1,724			1,160			454
Income taxes recoverable/payable		4			1,659			(993	)		570
Accounts payable and accrued liabilities		(1,224	)		1,701			3,096			6,240
	$	2,280		$	5,452		$	(4,739	)	$	(873	)
Supplemental disclosure of non-cash transactions:
Capital lease additions		—			4,099			—			5,745

See accompanying notes to consolidated financial statements

7

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(In thousands of United States dollars except for per share amounts)

1. Accounting Policies

The accompanying interim consolidated financial statements include the accounts of Vitran Corporation Inc. and its wholly-owned subsidiaries (together, the Company). All material intercompany transactions and balances have been eliminated on consolidation.

The interim consolidated financial statements have been prepared in accordance with the rules prescribed for filing interim financial statements and accordingly, do not contain all the disclosures that may be necessary for complete financial statements prepared in accordance with United States generally accepted accounting principles (“GAAP”). The interim consolidated financial statements have been prepared in accordance with instructions to Quarterly Report on Form 10-Q. The interim consolidated financial statements should be read in conjunction with the Company’s 2012 Annual Report on Form 10-K. The interim consolidated financial statements follow the same accounting principles and methods of application as the most recent annual consolidated financial statements, except as noted in Note 2.

These interim consolidated financial statements reflect all adjustments which are, in the opinion of Management, necessary for a fair presentation of the results of the interim period presented. Operating results for the three and six months ended June 30, 2013 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2013.

2. New Accounting Pronouncements

Financial Accounting Standards Board (“FASB”) Accounting Standard Update (“ASU”) No. 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” requires expanded disclosures for amounts reclassified out of accumulated other comprehensive income by component. The guidance requires the presentation of amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, a cross-reference to other disclosures that provide additional detail about those amounts is required. The guidance is to be applied prospectively for reporting periods beginning after December 15, 2012. ASU No. 2013-02 was adopted by the Company on January 1, 2013. The new guidance affects disclosures only and did not have an impact on the Company’s results of operations or financial position.

3. Discontinued Operations

On March 4, 2013, the Company completed the sale of its Supply Chain Operation business unit (“SCO”), which was previously a reportable segment. The proceeds from the transaction were $97.0 million, plus an adjustment of $1.8 million on account of working capital. As of June 30, 2013, the Company has received net cash proceeds of $94.1 million, net of cash divested of $0.4 million, direct selling costs of $2.9 million and income taxes of $1.4 million. The Company used the proceeds to reduce its outstanding debt under its revolving credit facility. The operating results and gain on sale of SCO have been recorded as a discontinued operation.

8

The following table summarizes the operations for all periods presented to classify SCO operations as discontinued operations for the three and six months ended June 30, 2013 and 2012:

	Three months Ended June 30, 2013		Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Revenue	$	—	$	29,308		$	18,689		$	58,469
Income from discontinued operations		—		2,366			1,082			4,462
Income tax expense		—		(806	)		(402	)		(1,531	)
Income from discontinued operations, net of income tax		—		1,560			680			2,931
Gain on sale		—		—			87,892			—
Income tax expense		—		—			(19,019	)		—
Utilization of net operating loss carry-forwards		—		—			17,613			—
		—		—			86,486			—
Reclassification of foreign currency translation from accumulated other comprehensive income		—		—			(1,865	)		—
Net gain on sale of discontinued operations		—		—			84,621			—
Net income from discontinued operations	$	—	$	1,560		$	85,301		$	2,931

The following table summarizes the assets and liabilities from discontinued operations:

	June 30, 2013		Dec 31, 2012
Accounts receivable	$	—	$	10,284
Income taxes recoverable		—		120
Deposits and prepaid expenses		—		1,032
Property and equipment		—		1,635
Intangible assets		—		750
Goodwill		—		8,872
Deferred income taxes		—		159
Deferred income taxes valuation allowance		—		(28	)
Total assets from discontinued operations	$	—	$	22,824
Accounts payable and accrued liabilities	$	—	$	14,068
Total liabilities from discontinued operations	$	—	$	14,068

4. Computation of Income (Loss) per Share

	Three months Ended June 30, 2013			Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Numerator:
Net loss from continuing operations	$	(16,973	)	$	(5,723	)	$	(34,602	)	$	(12,910	)
Net income from discontinued operations		—			1,560			85,301			2,931
Net income (loss)		(16,973	)		(4,163	)		50,699			(9,979	)
Denominator:
Basic weighted-average shares outstanding		16,432,241			16,399,241			16,417,108			16,383,175
Dilutive weighted-average shares outstanding		16,432,241			16,399,241			16,417,108			16,383,175
Basic and diluted loss per share from continuing operations	$	(1.03	)	$	(0.35	)	$	(2.11	)	$	(0.79	)
Basic and diluted income per share from discontinued operations		—			0.10			5.20			0.18
Basic and diluted income (loss) per share		(1.03	)		(0.25	)		3.09			(0.61	)

9

5. Assets Held for Sale

The Company has certain assets that are classified as assets held for sale. These assets are carried on the balance sheet at the lower of the carrying amount or estimated fair value, less cost to sell. Once an asset is classified held for sale, there is no further depreciation taken on the asset. At June 30, 2013, the net book value of assets held for sale was approximately $1.4 million (December 31, 2012—$2.1 million). This amount is included in property and equipment on the balance sheet.

6. Contingent Liabilities

The Company is subject to legal proceedings that arise in the ordinary course of business. In the opinion of Management, the aggregate liability, if any, with respect to these actions, will not have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. Legal costs are expensed as incurred.

7. Long-Term Debt

During the six months ended June 30, 2013, the Company entered into additional 15 year real estate term credit facilities with a real estate mortgage lender for $14.1 million. The real estate term credit facilities are secured by 10 transportation facilities throughout the United States. The real estate term agreements bear interest at 4.625% to 4.875% with an interest rate adjustment period of every three to five years.

On March 4, 2013, in conjunction with the sale of SCO, the Company amended its asset based revolving credit facility. The amended credit facility provides up to $50.0 million, compared to $85.0 million previously. The amended credit facility matures on November 30, 2014, which may be accelerated to May 31, 2014 if certain financial conditions are not met. The Company may access the revolving credit facility for letters of credit, however such access is subject to certain financial measures and the Company must initially use cash-on-hand to fund operations to be able to draw on additional funds. As a result of the amendment, the Company wrote off $0.4 million of previously capitalized financing fees. This non-cash expense was recorded in interest expense on the consolidated statements of income (loss).

8. Income Taxes

The Company established a valuation allowance for all U.S. deferred tax assets as required by FASB Accounting Standards Codification (“ASC”) 740-10. During the six months ended June 30, 2013, the Company incurred additional losses increasing the valuation allowance and utilized its net operating loss carry-forwards to offset tax on the gain on the sale of SCO resulting in a net decrease in the valuation allowance of $11.3 million (2012—increase of $4.0 million) to $52.6 million.

9. Fair Value Measurements

The fair values of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their carrying values because of the short-term nature of these financial instruments. The fair value of the Company’s long-term debt, determined based on the future cash flows associated with each debt instrument discounted using an estimate of the Company’s current borrowing rate for similar debt instruments of comparable maturity, is approximately equal to their carrying value at June 30, 2013 and December 31, 2012.

FASB ASC 820-10-05 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The fair value of the Company’s cash and cash equivalents and long-term debt are classified as Level 1 and Level 2 measurements, respectively. The fair values of accounts receivable and accounts payable and accrued liabilities are classified as Level 2 measurements.

10

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion is intended to help the reader understand the results of operations and financial condition of our Company. It is provided as a supplement to, and should be read in conjunction with, our unaudited consolidated interim financial statements for the three and six months ended June 30, 2013 and the notes thereto as included in Item 1 of this Quarterly Report on Form 10-Q, as well as our Annual Report on Form 10-K for the year ended December 31, 2012.

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and applicable Canadian securities laws concerning Vitran’s business, operations, and financial performance and condition.

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 variation on these words or comparable terminology. These forward-looking statements are based on current expectations and are 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.

This Quarterly Report on Form 10-Q contains forward-looking statements regarding, but not limited to, the following:

• the Company’s expectation that efficiencies, increase in activity levels and optimization of technology within the U.S. Less-Than-Truckload (“LTL”) business unit will reduce salaries, wages and employee benefits expense as a percentage of revenue;

• the Company’s expectation that revenue per hundredweight will increase in upcoming quarters as the freight mix and internal leadership in the pricing department impacts the LTL business;

• the Company’s expectation that operating initiatives implemented will continue to improve productivity and service levels within the U.S. LTL business unit;

• the Company’s expectation that operational improvements within the U.S. LTL business unit will have a positive impact on future financial results;

• the Company’s expectation that activity levels will improve;

• the Company’s ability to maintain days sales outstanding (“DSO”) below 40 days;

• the Company’s intention to purchase a specified level of property and equipment and to finance such acquisitions with cash flow from operations, capital and operating leases and, if necessary, from the Company’s cash;

• the Company’s ability to generate future operating cash flows from profitability and managing working capital;

• the Company’s operational plan will improve service and efficiencies in the U.S. LTL business unit; and

• the Company’s ability to benefit from an improvement in the economic and pricing environment.

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 any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to technological change, increase in fuel costs, regulatory change, changes in tax legislation, the general health of the economy, changes in labor relations, geographic expansion, capital requirements, availability of financing, foreign currency fluctuations, claims and insurance costs, environmental hazards, availability of qualified drivers and competitive factors. More detailed information about these and other factors is included in Item 1A – Risk Factors in the Company’s 2012 Annual Report on Form 10-K. 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.

Unless otherwise indicated all dollar references herein are in U.S. dollars. The Company’s Annual Report on Form 10-K, as well as all the Company’s other required filings, may be obtained from the Company at www.vitran.com or from www.sedar.com or from www.sec.gov.

11

CONSOLIDATED RESULTS

The following table summarizes the Consolidated Statements of Income (Loss) for the three and six months ended June 30:

	For the three months ended June 30,									For the six months ended June 30,
(in thousands)	2013			2012			2013 vs 2012			2013			2012			2013 vs 2012
Revenue	$	165,443		$	183,789			(10.0%	)	$	326,552		$	362,376			(9.9%	)
Salaries, wages and other employee benefits		75,628			78,054			(3.1%	)		148,750			154,425			(3.7%	)
Purchased transportation		25,968			26,176			(0.8%	)		50,944			51,947			(1.9%	)
Depreciation and amortization		3,696			3,766			(1.9%	)		7,597			7,525			1.0%
Maintenance		8,710			9,148			(4.8%	)		16,189			17,731			(8.7%	)
Rents and leases		8,916			8,439			5.7%			17,515			16,386			6.9%
Owner operators		13,005			11,950			8.8%			24,974			23,178			7.7%
Fuel and fuel-related expenses		29,868			34,738			(14.0%	)		61,443			70,762			(13.2%	)
Other operating expenses		15,806			16,205			(2.5%	)		31,439			31,292			0.5%
Other income		(673	)		(132	)		409.8%			(963	)		(50	)		1,826.0%
Total operating expenses		180,924			188,344			(3.9%	)		357,888			373,196			(4.1%	)
Loss from continuing operations		(15,481	)		(4,555	)		239.9%			(31,336	)		(10,820	)		189.6%
Interest expense, net		1,358			1,325			2.5%			3,278			2,635			24.4%
Income tax expense (recovery)		134			(157	)		(185.4%	)		(12	)		(545	)		(97.8%	)
Net loss from continuing operations		(16,973	)		(5,723	)		196.6%			(34,602	)		(12,910	)		168.0%
Discontinued operations, net of income taxes		—			1,560			(100.0%	)		85,301			2,931			2,810.3%
Net income (loss)	$	(16,973	)	$	(4,163	)		307.7%		$	50,699		$	(9,979	)		(608.1%	)
Income (loss) per share:
Basic and diluted – continuing operations	$	(1.03	)	$	(0.35	)				$	(2.11	)	$	(0.79	)
Basic and diluted – net income (loss)	$	(1.03	)	$	(0.25	)				$	3.09		$	(0.61	)
Operating Ratio (1)		109.4%			102.5%						109.6%			103.0%

Financial Overview

Revenue decreased 10.0% to $165.4 million for the second quarter of 2013 compared to $183.8 million in the second quarter of 2012. Revenue was impacted by the decrease in shipment and tonnage of 11.2% and 11.8%, respectively, compared to the second quarter of 2012. For the six months ended June 30, 2013, revenue decreased 9.9% to $326.6 million compared to $362.4 million for the six-month period ended June 30, 2012. Detailed explanations are discussed below in “Operations Overview”.

Salaries, wages and other employee benefits decreased 3.1% and 3.7% for the second quarter of 2013 and six-months ended June 30, 2013, respectively, compared to the same periods a year ago. This is due to the reduction in activity levels compared to the same periods in 2012. As density improves in future quarters, the Company should realize increased productivity and labor efficiencies and although salaries, wages and other employee benefits expenses should outpace the prior year expenses, as management improves efficiencies within the U.S. LTL business unit, such costs are expected to decline on a percentage of revenue basis. In the second quarter of 2013, the Company recorded $1.8 million in severance to the previous President and Chief Executive Officer of Vitran, which is included in salaries, wages and other employee benefits.

Purchased transportation decreased 0.8% for the three-month period ended June 30, 2013 compared to the same period in 2012. For the six-month period ended June 30, 2013, purchased transportation decreased 1.9% compared to the same six-month period a year-ago. This is attributable to the U.S. LTL business unit continuing to optimize the use of purchased transportation within the line haul structure and reduced shipment volume in 2013 compared to 2012.

12

Depreciation and amortization expense decreased 1.9% for the second quarter of 2013 compared to the same period in 2012, and is primarily attributable to the sale of rolling stock and reduced capital expenditures compared to the second quarter of 2012. Depreciation and amortization expense increased 1.0% for the six-month period ended June 30, 2013 compared to the same period in 2012, and is attributable to the purchase of rolling stock and buildings in the second half of 2012.

Maintenance expense decreased 4.8% and 8.7% for the three-month and six-month periods ended June 30, 2013 compared to the same periods in 2012, respectively. As a percentage of revenue, maintenance expense was consistent for the six-month period ended June 30, 2013 compared to six-month period ended June 30, 2012.

Rents and leases expense increased 5.7% and 6.9% for the three-month and six-month periods ended June 30, 2013 compared to the same periods in 2012. The increase is attributable to the 200 new tractors received by the U.S LTL business unit in 2012 and approximately 950 new trailers received in 2012, a majority of which were acquired by the U.S. LTL business unit.

Owner operator expense increased in the second quarter of 2013 and six-month period ended June 30, 2013 compared to the same periods in 2012. This is attributable to increased activity levels in the Canadian LTL business unit in 2013 compared to 2012.

Fuel and fuel-related expenses decreased 14.0% for the three month period ended June 30, 2013 and decreased 13.2% for the six-month period ended June 30, 2013, compared to the same periods a year ago. Fuel consumption in 2013 decreased as shipments declined 12.1% during the six-month period ended June 30, 2013 compared to the same six months in 2012.

On February 12, 2013, Vitran signed an agreement to sell its Supply Chain Operation (“SCO”) services business to Legacy SCO Inc. (“Legacy”), an affiliate of Legacy Supply Chain, for $97.0 million in cash, subject to working capital adjustments. On March 4, 2013, the Company completed the sale of SCO for $97.0 million in cash, and a portion of the proceeds was used to fully reduce Vitran’s debt under its revolving credit facility. The Company received an additional $1.8 million in proceeds in the second quarter of 2013 upon final determination of the aforementioned working capital adjustments. The Company recorded a gain of $85.3 million on the sale of its SCO business. The operating results and divestiture of the SCO segment have been recorded as a discontinued operation.

The Company incurred interest expense of $1.4 million in the second quarter of 2013 compared to interest expense of $1.3 million for the same quarter a year ago. The Company’s total balance sheet debt net of cash at June 30, 2013 is $41.7 million.

In accordance with Financial Accounting Standard Board (“FASB”) Accounting Standard Codification (“ASC”) 740-10, the Company had recorded a valuation allowance for all U.S. deferred tax assets. The sale of SCO resulted in a taxable gain in the United States, which the Company was able to offset with the utilization of its available net operating loss carry forwards from previous years. The Company recorded a consolidated tax recovery of $0.1 million for the first six months of 2013 compared to a consolidated tax recovery of $0.5 million for the first six months of 2012.

Net loss from continuing operations for the 2013 second quarter was $17.0 million compared to a net loss of $5.7 million for the same quarter in 2012. This resulted in a basic and diluted loss per share from continuing operations of $1.03 for the second quarter of 2013 compared to a basic and diluted loss per share from continuing operations of $0.35 for the second quarter of 2012. The weighted average number of shares for the current quarter was 16.4 million basic and diluted shares, consistent with the basic and diluted shares in the second quarter of 2012. For the six months ended June 30, 2013, the Company posted a net loss from continuing operations of $34.6 million compared to a net loss of $12.9 million in the same six-month period a year ago. This resulted in a loss per share from continuing operations of $2.11 compared to a net loss of $0.79 per share for the 2012 six-month period. The weighted average number of shares for the six-month period of 2013 was 16.4 million basic and diluted shares, consistent with the basic and diluted shares in the six-month period of 2012. Income from discontinued operations, including the gain from the sale of the SCO segment, was $85.3 million for the six months ended June 30, 2013 compared to $2.9 million in the six-month period of 2012. As a result, the Company posted net income of $50.7 million or $3.09 basic and diluted income per share compared to a net loss of $10.0 million or $0.61 basic and diluted loss per share in the comparable six-month period of 2012.

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Operations Overview

	For the three months ended June 30,							For the six months ended June 30,
(in thousands)	2013		2012		2013 vs 2012			2013		2012		2013 vs 2012
Number of shipments (2)		1,025,690		1,155,476		(11.2	%)		2,005,593		2,281,627		(12.1	%)
Weight (000s of lbs) (3)		1,505,259		1,707,367		(11.8	%)		2,942,072		3,360,058		(12.4	%)
Revenue per shipment (4)	$	161.30	$	159.06		1.4	%	$	162.82	$	158.82		2.5	%
Revenue per hundredweight (5)	$	10.99	$	10.76		2.1	%	$	11.10	$	10.78		3.0	%

Shipments and tonnage decreased 11.2% and 11.8%, respectively, compared to the second quarter of 2012. The decrease in shipments year-over-year is attributable to the U.S. LTL business unit; while shipments per day in the U.S. LTL business unit were flat compared to the first quarter of 2013. As announced in June 2013, effective August 2013 the U.S. LTL business unit entered into an interline relationship to serve the west coast of the United States. This will result in the reduction of seven terminals and allow the U.S. LTL business unit to focus on its core geographic footprint. As a result of this strategic decision, shipments declined approximately 300 shipments per day in the month of June related to the West region.

In the U.S. LTL business unit, average length of haul remained flat and revenue per hundredweight increased 4.0% for the second quarter of 2013 compared to the same quarter in 2012. Management expects revenue per hundredweight to increase in upcoming quarters as the Company promotes its improved on-time service to existing and new customers.

During the second quarter of 2013, the U.S. LTL business unit continued to focus on maintaining and improving customer service levels, realize efficiencies in the operations, technology development for the sales group and beginning the implementation of its on dock hand-held technology. The management team’s focus is to drive density and revenue into the U.S. LTL infrastructure through volume and pricing growth.

The Canadian LTL business unit posted a solid 2013 second quarter benefiting from an increase in activity year-over-year.

Lastly, management believes that additional density gains, continued momentum in the North American pricing environment, combined with a continued focus on operational and customer service improvements, the LTL operation should be well positioned to improve income from operations over the long term.

Other

Mr. Rick Gaetz resigned as President and Chief Executive Officer of Vitran effective April 4, 2013 and the Company recorded severance expense of $1.8 million. Mr. William Deluce was appointed Interim President and Chief Executive Officer effective the same day to replace Mr. Gaetz.

The Board of Directors continues its evaluation of Vitran’s business and is reviewing all appropriate strategic options for the Company with a focus on enhancing shareholder value.

LIQUIDITY AND CAPITAL RESOURCES

Cash flow from continuing operations for the second quarter of 2013 consumed $11.5 million compared to generating $3.5 million in the 2012 second quarter. The Company generated a higher net loss from operations in the second quarter of 2013 and had a deterioration in non-cash working capital. Days sales outstanding (“DSO”) in the second quarter of 2013 were 39.7 days compared to DSO of 39.0 days for the second quarter of 2012.

The Company’s future operating cash flows are largely dependent upon the Company’s profitability and its ability to manage its working capital requirements, primarily accounts receivable, accounts payable, and wage and benefit accruals.

14

On March 4, 2013, the Company completed the sale of its SCO business to Legacy for $97.0 million in cash. The Company used a portion of the proceeds to fully reduce its outstanding debt under its senior revolving credit facility. During the second quarter the Company received additional proceeds of $1.8 million upon final determination of the working capital adjustment and paid income taxes of $1.4 million related to the sale.

In the fourth quarter of 2012, Vitran received a commitment for up to a $33.0 million U.S. real estate term facility secured by specific real estate in the United States subject to customary due diligence including environmental assessments. In the fourth quarter of 2012, Vitran entered into the first 15-year U.S. real estate term facility for $16.8 million, secured by 18 U.S transportation facilities. In the first quarter of 2013, Vitran entered into additional U.S. real estate term facilities under the aforementioned commitment for total proceeds of $14.1 million, secured by an additional 10 U.S. transportation facilities. The additional U.S. real estate term facilities have a 15-year term, at an average fixed interest rate of 4.875% adjusted every three to five years and a 15-year amortization period. At June 30, 2013, the Company had $30.3 million outstanding under its U.S. real estate term facilities.

As at June 30, 2013, interest-bearing debt was $83.0 million consisting of $77.6 million of real estate term debt and $5.4 million of capital leases. There were no amounts outstanding under the Company’s senior revolving credit facility at June 30, 2013, except for outstanding letters of credit (“LOC”). At December 31, 2012, interest-bearing debt was $105.3 million consisting of $31.7 million drawn under the syndicated asset based revolving credit facility, $67.3 million of real estate term debt and $6.3 million of capital leases.

The Company may access the revolving credit facility for additional letters of credit, however, must achieve a required level of financial performance to be able to draw additional funds on the revolving credit facility and must initially use its cash on-hand to fund operations.

For the six months ended June 30, 2013, the Company repaid $1.1 million of real estate term debt, $0.8 million of capital leases and $31.8 million of its revolving credit facilities. At June 30, 2013, the Company had $41.2 million of available cash on its balance sheet. The Company was in compliance with all terms under its credit agreements at June 30, 2013.

The Company generated $1.8 million in proceeds on the divestiture of a facility in Kansas City, KS and surplus equipment in the first six months of 2013. Capital expenditures amounted to $2.5 million for the first six months of 2013 and were funded from cash on hand.

The table below sets forth the Company’s capital expenditures for the three and six months ended June 30:

	For the three months ended June 30,				For the six months ended June 30,
(in thousands of dollars)	2013		2012		2013		2012
Real estate and buildings	$	342	$	3,675	$	419	$	4,355
Tractors		—		4,326		—		4,461
Trailing fleet		676		—		683		1,906
Information technology		296		534		494		646
Leasehold improvements		163		54		330		151
Other equipment		218		1,010		560		1,308
Total	$	1,695	$	9,599	$	2,486	$	12,827

Management estimates that cash capital expenditures for the remainder of 2013 will be between $4.0 million and $8.0 million. The Company may enter into operating leases to fund the acquisition of specific equipment should the business levels exceed the current equipment capacity of the Company. The Company expects to finance its capital requirements with cash on-hand and operating leases.

The Company has contractual obligations that include long-term debt consisting of term debt facilities, revolving credit facilities, capital leases for operating equipment and off-balance-sheet operating leases primarily consisting of tractor, trailing fleet and real estate leases. Operating leases form an integral part of the Company’s financial structure and operating methodology as they provide an alternative, cost-effective and flexible form of financing.

15

The following table summarizes our significant contractual obligations and commercial commitments as of June 30, 2013:

(in thousands of dollars)			Payments due by period
Contractual Obligations	Total		2013		2014 & 2015		2016 & 2017		Thereafter
Real estate term facilities	$	77,563	$	1,276	$	5,429	$	5,964	$	64,894
Capital lease obligations		5,420		645		2,494		1,934		347
Estimated interest payments (1)		24,206		1,983		7,417		6,580		8,226
Sub-total		107,189		3,904		15,340		14,478		73,467
Off-balance sheet commitments
Operating leases		76,175		12,990		41,266		16,552		5,367
Total Contractual Obligations	$	183,364	$	16,894	$	56,606	$	31,030	$	78,834

(1) The Company has estimated its interest obligation on its fixed rate obligations. For fixed rate debt, the fixed interest rate was used to determine the interest obligation.

In addition to the above-noted contractual obligations, as at June 30, 2013, the Company utilized the revolving credit facility for standby letters of credit of $25.2 million. The letters of credit are used as collateral for self-insured retention of insurance claims. Export Development Canada (“EDC”), a Crown corporation wholly-owned by the government of Canada, provides guarantees to the Company’s syndicated lenders of up to $12.2 million on letters of credit. In so doing, the Company’s definition of available debt in the associated revolving credit agreement excludes LOC’s guaranteed by the EDC.

A significant decrease in demand for our services could limit the Company’s ability to generate cash flow and affect its profitability. The Company’s asset-based revolving credit agreement is subject to financial maintenance tests that require the Company to achieve stated levels of financial performance, which, if not achieved, could cause an acceleration of the credit agreement’s maturity date. The Company must also achieve stated levels of financial performance to be able to draw on the revolving credit facility beyond only for letters of credit. The Company may fail to achieve the required level of financial performance within the required timeline. Assuming no significant decline in business levels or financial performance, management expects that existing working capital, together with available cash, will be sufficient to fund operating and capital requirements as well as service the contractual obligations.

OUTLOOK

Management believes the most significant opportunity remains in the U.S. LTL business unit and management’s continued focus is to improve the contribution to operating results of this business unit. The management team continues to focus on implementing additional projects and initiatives to improve service, productivity and efficiency of the operation. Successfully executing on these plans will allow management to expand revenue through increased pricing and density.

Should the U.S. LTL business unit successfully execute its operational plan, activity levels and pricing initiatives should improve, positioning the Company to improve operating results in future periods.

16

QUARTERLY RESULTS (unaudited)

(thousands of dollars except per share amounts)	2013 Q2			2013 Q1			2012 Q4			2012 Q3			2012 Q2			2012 Q1			2011 Q4			2011 Q3
Revenue	$	165,443		$	161,109		$	164,329		$	176,209		$	183,789		$	178,587		$	172,484		$	176,407
Loss from continuing operations		(16,973	)		(17,629	)		(17,956	)		(11,760	)		(5,723	)		(7,187	)		(9,966	)		(5,328	)
Net income (loss)		(16,973	)		67,672			(15,896	)		(10,100	)		(4,163	)		(5,816	)		(8,072	)		(3,420	)
Loss from continuing operations per share:
Basic	$	(1.03	)	$	(1.07	)	$	(1.09	)	$	(0.72	)	$	(0.35	)	$	(0.44	)	$	(0.61	)	$	(0.33	)
Diluted		(1.03	)		(1.07	)		(1.09	)		(0.72	)		(0.35	)		(0.44	)		(0.61	)		(0.33	)
Weighted average number of shares:
Basic		16,432,241			16,401,808			16,399,241			16,399,241			16,399,241			16,367,109			16,331,241			16,330,171
Diluted		16,432,241			16,401,808			16,399,241			16,399,241			16,399,241			16,367,109			16,331,241			16,330,171

Definitions of non-GAAP measures:

(1) Operating ratio (“OR”) is a non-GAAP financial measure which does not have any standardized meaning prescribed by GAAP. OR is the sum of total operating expenses, divided by revenue. OR allows management to measure the Company’s operating efficiency. OR is a widely recognized measure in the transportation industry which provides a comparable benchmark for evaluating the Company’s performance compared to its competitors. Investors should also note that the Company’s presentation of OR may not be comparable to similarly titled measures by other companies. OR is calculated as follows:

	Three months Ended June 30, 2013		Three months Ended June 30, 2012		Six months Ended June 30, 2013		Six months Ended June 30, 2012
Total operating expenses	$	180,924	$	188,344	$	357,888	$	373,196
Revenue		165,443		183,789		326,552		362,376
Operating ratio (“OR”)		109.4%		102.5%		109.6%		103.0%

(2) A shipment is a single movement of goods from a point of origin to its final destination as described on a bill of lading document.

(3) Weight represents the total pounds shipped.

(4) Revenue per shipment represents revenue divided by the number of shipments.

(5) Revenue per hundredweight is the price obtained for transporting 100 pounds of LTL freight from point to point, calculated by dividing the revenue for an LTL shipment by the hundredweight (weight in pounds divided by 100) for a shipment.

17

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company is exposed to the impact of interest rate changes. The Company’s exposure to changes in interest rates is limited to borrowings under the term bank facilities and revolving credit facilities that have variable interest rates tied to the LIBOR rate. We estimate that the fair value of our long-term debt approximates its carrying value.

(in thousands of dollars)			Payments due by period
Long-Term Debt	Total		2013		2014 & 2015		2016 & 2017		Thereafter
Fixed Rate
Real Estate term facilities	$	77,563	$	1,276	$	5,429	$	5,964	$	64,894
Interest Rate		4.30%-4.88%		4.30%-4.88%		4.30%-4.88%		4.30%-4.88%		4.30%-4.88%
Capital lease obligations		5,420		645		2,494		1,934		347
Average interest rate		6.15%		6.15%		6.15%		6.15%		6.15%
Total	$	82,983	$	1,921	$	7,923	$	7,898	$	65,241

The Company is exposed to foreign currency risk as fluctuations in the United States dollar against the Canadian dollar can impact the financial results of the Company. The Company’s Canadian operations realize foreign currency exchange gains and losses on the United States dollar denominated revenue generated against Canadian dollar denominated expenses. Furthermore, the Company reports its results in United States dollars thereby exposing the results of the Company’s Canadian operations to foreign currency fluctuations.

Item 4. Controls and Procedures

Disclosure controls and procedures, as such term is defined in Rule 13a-15(e) of the Exchange Act, are controls and other procedures that are designed to ensure that information required to be disclosed by our Company is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our Company’s management, including our Interim Chief Executive Officer (“CEO”) and our Chief Financial Officer (“CFO”), as appropriate to allow timely decisions regarding required disclosure. Our CEO and CFO are responsible for establishing and maintaining disclosure controls and procedures for our Company.

As of the end of the period covered by this Quarterly Report on Form 10-Q, the Company carried out an evaluation, under the supervision and with the participation of Company management, including our CEO and CFO, of the effectiveness of the design, implementation and operation of its disclosure controls and procedures. Based on this evaluation, the Company’s CEO and CFO have concluded that the Company’s disclosure controls and procedures are effective as of June 30, 2013.

There have been no significant changes in our internal control over financial reporting, which we define in accordance with Exchange Act Rule 13a-15(f) to include our control environment, control procedures, and accounting systems, or any other factors that could materially affect or are reasonably likely to materially affect our internal control over financial reporting during the second quarter of 2013.

18

Part II. Other Information

Item 1. Legal Proceedings

The Company is subject to various legal proceedings and claims that have arisen in the ordinary course of its business that have not been fully adjudicated. Many of these are covered in whole or in part by insurance. The management of Vitran does not believe that these actions, when finally concluded and determined, will have a significant adverse effect upon Vitran’s financial condition, results of operations or cash flows.

Item 1A. Risk Factors

See Part 1A of the Company’s 2012 Annual Report on Form 10-K. There have been no material changes from the risk factors previously disclosed therein.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

We have not purchased any of our shares of common stock during the period covered by this quarterly report on Form 10-Q.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

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Item 6. Exhibits

Exhibit Number	Description of Exhibit
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated August 6, 2013 (1)
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, dated August 6, 2013 (1)
32.1	Certifications of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, dated August 6, 2013 (2)
101.INS	XBRL Instance Document(1)
101.SCH	XBRL Taxonomy Extension Schema (1)
101.CAL	XBRL Taxonomy Extension Calculation Linkbase (1)
101.DEF	XBRL Taxonomy Extension Definition Linkbase (1)
101.LAB	XBRL Taxonomy Extension Label Linkbase (1)
101.PRE	XBRL Taxonomy Extension Presentation Linkbase (1)

Notes:

(1) Filed as an exhibit to this Quarterly Report on Form 10-Q.

(2) Furnished as an exhibit to the Quarterly Report on Form 10-Q.

20

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	VITRAN CORPORATION INC.
	/s/ FAYAZ D. SULEMAN
	Fayaz D. Suleman
Date: August 6, 2013	Vice President of Finance and
	Chief Financial Officer
	(Principal Financial Officer)

EX-31.1

Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, William S. Deluce, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Vitran Corporation Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the Audit Committee of the registrant’s Board of Directors:

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 6, 2013

/s/ WILLIAM S. DELUCE

William S. Deluce

Interim President and

Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Fayaz D. Suleman, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Vitran Corporation Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the Audit Committee of the registrant’s Board of Directors:

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 6, 2013

/s/ FAYAZ D. SULEMAN

Fayaz D. Suleman

Vice President, Finance and

Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND

PRINCIPAL FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Each of the undersigned hereby certifies, in accordance with 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, in his capacity as an officer of Vitran Corporation Inc., that, to his knowledge, the Quarterly Report of Vitran Corporation Inc. on Form 10-Q for the six months ended June 30, 2013, fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that the information contained in such report fairly presents, in all material respects, the financial condition and results of operation of Vitran Corporation Inc.

Date: August 6, 2013

By:	/s/ WILLIAM S. DELUCE
	William S. Deluce Interim President and Chief Executive Officer
By:	/s/ FAYAZ D. SULEMAN
	Fayaz D. Suleman Vice President, Finance and Chief Financial Officer

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Fair Value Measurements

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

9. Fair Value Measurements

The fair values of cash and cash equivalents, accounts receivable and accounts payable and accrued liabilities approximate their carrying values because of the short-term nature of these financial instruments. The fair value of the Company’s long-term debt, determined based on the future cash flows associated with each debt instrument discounted using an estimate of the Company’s current borrowing rate for similar debt instruments of comparable maturity, is approximately equal to their carrying value at June 30, 2013 and December 31, 2012.

FASB ASC 820-10-05 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The fair value of the Company’s cash and cash equivalents and long-term debt are classified as Level 1 and Level 2 measurements, respectively. The fair values of accounts receivable and accounts payable and accrued liabilities are classified as Level 2 measurements.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement Of Income And Comprehensive Income [Abstract]
Tax portion of change in foreign currency translation adjustments	$ 1	$ 48	$ (5)

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New Accounting Pronouncements

6 Months Ended

Jun. 30, 2013

Accounting Changes And Error Corrections [Abstract]

New Accounting Pronouncements

2. New Accounting Pronouncements

Financial Accounting Standards Board (“FASB”) Accounting Standard Update (“ASU”) No. 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” requires expanded disclosures for amounts reclassified out of accumulated other comprehensive income by component. The guidance requires the presentation of amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, a cross-reference to other disclosures that provide additional detail about those amounts is required. The guidance is to be applied prospectively for reporting periods beginning after December 15, 2012. ASU No. 2013-02 was adopted by the Company on January 1, 2013. The new guidance affects disclosures only and did not have an impact on the Company’s results of operations or financial position.

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Computation of Income (Loss) per Share - Computation of Income (Loss) per Share (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Numerator:
Net loss from continuing operations	$ (16,973)	$ (5,723)	$ (34,602)	$ (12,910)
Net income from discontinued operations		1,560	85,301	2,931
Net income (loss)	$ (16,973)	$ (4,163)	$ 50,699	$ (9,979)
Denominator:
Basic weighted-average shares outstanding	16,432,241	16,399,241	16,417,108	16,383,175
Dilutive weighted-average shares outstanding	16,432,241	16,399,241	16,417,108	16,383,175
Basic and diluted loss per share from continuing operations	$ (1.03)	$ (0.35)	$ (2.11)	$ (0.79)
Basic and diluted income per share from discontinued operations		$ 0.10	$ 5.20	$ 0.18
Basic and diluted income (loss) per share	$ (1.03)	$ (0.25)	$ 3.09	$ (0.61)

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New Accounting Pronouncements (Policies)

6 Months Ended

Jun. 30, 2013

Accounting Changes And Error Corrections [Abstract]

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income

Financial Accounting Standards Board (“FASB”) Accounting Standard Update (“ASU”) No. 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” requires expanded disclosures for amounts reclassified out of accumulated other comprehensive income by component. The guidance requires the presentation of amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, a cross-reference to other disclosures that provide additional detail about those amounts is required. The guidance is to be applied prospectively for reporting periods beginning after December 15, 2012. ASU No. 2013-02 was adopted by the Company on January 1, 2013. The new guidance affects disclosures only and did not have an impact on the Company’s results of operations or financial position.

Income Taxes

The Company established a valuation allowance for all U.S. deferred tax assets as required by FASB Accounting Standards Codification (“ASC”) 740-10. During the six months ended June 30, 2013, the Company incurred additional losses increasing the valuation allowance and utilized its net operating loss carry-forwards to offset tax on the gain on the sale of SCO resulting in a net decrease in the valuation allowance of $11.3 million (2012—increase of $4.0 million) to $52.6 million.

Fair Value Measurement

FASB ASC 820-10-05 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The fair value of the Company’s cash and cash equivalents and long-term debt are classified as Level 1 and Level 2 measurements, respectively. The fair values of accounts receivable and accounts payable and accrued liabilities are classified as Level 2 measurements.

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Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Income Tax Disclosure [Abstract]
Increase (decrease) in valuation allowance for U.S. deferred tax assets	$ (11.3)	$ 4.0
Valuation allowance for U.S. deferred tax assets	$ 52.6

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Long-Term Debt - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Mar. 04, 2013
Line of Credit Facility [Line Items]
Amended Maximum Borrowing Capacity		$ 50.0
Maximum Borrowing Capacity		85.0
Maturity Date	Nov. 30, 2014
Accelerated Maturity Date, In The Event of Default	May 31, 2014
Capitalized financing fee written off	0.4
U.S. real estate facilities [Member]
Line of Credit Facility [Line Items]
US Real Estate Facility, Term	15 years
Mortgage Loans	$ 14.1
Number of transportation terminals	10
Minimum [Member] | U.S. real estate facilities [Member]
Line of Credit Facility [Line Items]
Interest rate	4.625%
Interest rate adjustment period	3 years
Maximum [Member] | U.S. real estate facilities [Member]
Line of Credit Facility [Line Items]
Interest rate	4.875%
Interest rate adjustment period	5 years

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Assets Held for Sale - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Property Plant And Equipment [Abstract]
Net book value of assets held for sale	$ 1.4	$ 2.1

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Common shares, no par value
Common shares, issued	16,432,241	16,399,241
Common shares, outstanding	16,432,241	16,399,241

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Operations:
Net income (loss)	$ (16,973)	$ (4,163)	$ 50,699	$ (9,979)
Items not involving cash from operations:
Depreciation and amortization	3,696	3,766	7,597	7,525
Deferred income taxes	44	(1)	(178)	(44)
Gain on sale of property and equipment	(673)	(132)	(963)	(50)
Share-based compensation expense	92	100	187	227
Income from discontinued operations (note 3)		(1,560)	(85,301)	(2,931)
Change in non-cash working capital components	2,280	5,452	(4,739)	(873)
Continuing operations	11,534	3,462	(32,698)	(6,125)
Discontinued operations		237	475	3,616
Net cash used in operating activities	11,534	3,699	(32,223)	(2,509)
Investments:
Proceeds from sale of business, net of cash divested	363		94,102
Purchases of property and equipment	(1,695)	(5,500)	(2,486)	(7,082)
Proceeds on sale of property and equipment	1,451	1,026	1,795	1,567
Continuing operations	119	(4,474)	93,411	(5,515)
Discontinued operations		(261)	22	(461)
Net cash provided by (used) in investing activities	119	(4,735)	93,433	(5,976)
Financing:
Change in revolving credit facility and bank overdraft		1,440	(31,750)	10,980
Proceeds from long-term debt			14,058
Repayment of long-term debt	(628)	(489)	(1,072)	(733)
Repayment of capital leases	(409)	(846)	(811)	(1,787)
Financing costs			(514)
Issue of common shares upon exercise of employee stock options			170	151
Net cash provided by (used in) financing activities	(1,037)	105	(19,919)	8,611
Effect of foreign exchange translation on cash	(889)	65	(289)	(19)
Increase (decrease) in cash and cash equivalents	(13,341)	(866)	41,002	107
Cash and cash equivalents, beginning of period	54,576	2,177	233	1,204
Cash and cash equivalents, end of period	41,235	1,311	41,235	1,311
Change in non-cash working capital components:
Accounts receivable	2,508	368	(8,002)	(8,137)
Inventory, deposits and prepaid expenses	992	1,724	1,160	454
Income taxes recoverable/payable	4	1,659	(993)	570
Accounts payable and accrued liabilities	(1,224)	1,701	3,096	6,240
Change in non-cash working capital components	2,280	5,452	(4,739)	(873)
Supplemental disclosure of non-cash transactions:
Capital lease additions		$ 4,099		$ 5,745

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Discontinued Operations

6 Months Ended

Jun. 30, 2013

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

3. Discontinued Operations

On March 4, 2013, the Company completed the sale of its Supply Chain Operation business unit (“SCO”), which was previously a reportable segment. The proceeds from the transaction were $97.0 million, plus an adjustment of $1.8 million on account of working capital. As of June 30, 2013, the Company has received net cash proceeds of $94.1 million, net of cash divested of $0.4 million, direct selling costs of $2.9 million and income taxes of $1.4 million. The Company used the proceeds to reduce its outstanding debt under its revolving credit facility. The operating results and gain on sale of SCO have been recorded as a discontinued operation.

The following table summarizes the operations for all periods presented to classify SCO operations as discontinued operations for the three and six months ended June 30, 2013 and 2012:

	Three months Ended June 30, 2013		Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Revenue	$	—	$	29,308		$	18,689		$	58,469
Income from discontinued operations		—		2,366			1,082			4,462
Income tax expense		—		(806	)		(402	)		(1,531	)
Income from discontinued operations, net of income tax		—		1,560			680			2,931
Gain on sale		—		—			87,892			—
Income tax expense		—		—			(19,019	)		—
Utilization of net operating loss carry-forwards		—		—			17,613			—
		—		—			86,486			—
Reclassification of foreign currency translation from accumulated other comprehensive income		—		—			(1,865	)		—
Net gain on sale of discontinued operations		—		—			84,621			—
Net income from discontinued operations	$	—	$	1,560		$	85,301		$	2,931

The following table summarizes the assets and liabilities from discontinued operations:

	June 30, 2013		Dec 31, 2012
Accounts receivable	$	—	$	10,284
Income taxes recoverable		—		120
Deposits and prepaid expenses		—		1,032
Property and equipment		—		1,635
Intangible assets		—		750
Goodwill		—		8,872
Deferred income taxes		—		159
Deferred income taxes valuation allowance		—		(28	)
Total assets from discontinued operations	$	—	$	22,824
Accounts payable and accrued liabilities	$	—	$	14,068
Total liabilities from discontinued operations	$	—	$	14,068

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Accounting Policies

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Accounting Policies

1. Accounting Policies

The accompanying interim consolidated financial statements include the accounts of Vitran Corporation Inc. and its wholly-owned subsidiaries (together, the Company). All material intercompany transactions and balances have been eliminated on consolidation.

The interim consolidated financial statements have been prepared in accordance with the rules prescribed for filing interim financial statements and accordingly, do not contain all the disclosures that may be necessary for complete financial statements prepared in accordance with United States generally accepted accounting principles (“GAAP”). The interim consolidated financial statements have been prepared in accordance with instructions to Quarterly Report on Form 10-Q. The interim consolidated financial statements should be read in conjunction with the Company’s 2012 Annual Report on Form 10-K. The interim consolidated financial statements follow the same accounting principles and methods of application as the most recent annual consolidated financial statements, except as noted in Note 2.

These interim consolidated financial statements reflect all adjustments which are, in the opinion of Management, necessary for a fair presentation of the results of the interim period presented. Operating results for the three and six months ended June 30, 2013 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2013.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (16,973)	$ (4,163)	$ 50,699	$ (9,979)
Other comprehensive income (loss):
Change in foreign currency translation adjustment (net of income tax expense (recovery) of nil and $48 for the three and six months ended June 30, 2013; 2012-$1 and ($5))	(1,114)	(112)	(1,937)	(47)
Foreign currency translation reclassified from accumulated other comprehensive income (note 3)			1,865
Other comprehensive loss	(1,114)	(112)	(72)	(47)
Comprehensive income (loss)	$ (18,087)	$ (4,275)	$ 50,627	$ (10,026)

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Contingent Liabilities

6 Months Ended

Jun. 30, 2013

Commitments And Contingencies Disclosure [Abstract]

Contingent Liabilities

6. Contingent Liabilities

The Company is subject to legal proceedings that arise in the ordinary course of business. In the opinion of Management, the aggregate liability, if any, with respect to these actions, will not have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. Legal costs are expensed as incurred.

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CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 41,235	$ 233
Accounts receivable	73,343	65,291
Inventory, deposits and prepaid expenses	9,485	10,131
Income taxes recoverable	476
Current assets of discontinued operations		11,436
Deferred income taxes	87	92
Total current assets	124,626	87,183
Property and equipment	123,716	131,640
Intangible assets	1,841	2,707
Goodwill	5,278	5,579
Long-term assets of discontinued operations		11,388
Total assets	255,461	238,497
Current liabilities:
Accounts payable and accrued liabilities	70,840	67,744
Income taxes payable		517
Current liabilities of discontinued operations		14,068
Current portion of long-term debt	3,828	3,339
Total current liabilities	74,668	85,668
Long-term debt	79,155	101,997
Deferred income taxes	997	1,175
Shareholders' equity:
Common shares, no par value, unlimited authorized, 16,432,241 and 16,399,241 issued and outstanding at June 30, 2013 and December 31, 2012, respectively	100,204	99,954
Additional paid-in capital	5,815	5,708
Accumulated deficit	(10,190)	(60,889)
Accumulated other comprehensive income	4,812	4,884
Total shareholders' equity	100,641	49,657
Contingent liabilities (note 6)
Total liabilities and shareholders' equity	$ 255,461	$ 238,497

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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Statement [Abstract]
Revenue	$ 165,443	$ 183,789	$ 326,552	$ 362,376
Operating expenses:
Salaries, wages and other employee benefits	75,628	78,054	148,750	154,425
Purchased transportation	25,968	26,176	50,944	51,947
Depreciation and amortization	3,696	3,766	7,597	7,525
Maintenance	8,710	9,148	16,189	17,731
Rents and leases	8,916	8,439	17,515	16,386
Owner operators	13,005	11,950	24,974	23,178
Fuel and fuel-related expenses	29,868	34,738	61,443	70,762
Other operating expenses	15,806	16,205	31,439	31,292
Other income	(673)	(132)	(963)	(50)
Total operating expenses	180,924	188,344	357,888	373,196
Loss from continuing operations before the undernoted	(15,481)	(4,555)	(31,336)	(10,820)
Interest expense, net	1,358	1,325	3,278	2,635
Loss from continuing operations before income taxes	(16,839)	(5,880)	(34,614)	(13,455)
Income tax expense (recovery)	134	(157)	(12)	(545)
Net loss from continuing operations	(16,973)	(5,723)	(34,602)	(12,910)
Discontinued operations, net of income taxes (note 3)		1,560	85,301	2,931
Net income (loss)	$ (16,973)	$ (4,163)	$ 50,699	$ (9,979)
Basic and Diluted:
Loss from continuing operations	$ (1.03)	$ (0.35)	$ (2.11)	$ (0.79)
Discontinued operations income		$ 0.10	$ 5.20	$ 0.18
Net income (loss)	$ (1.03)	$ (0.25)	$ 3.09	$ (0.61)
Weighted average number of shares:
Basic	16,432,241	16,399,241	16,417,108	16,383,175
Diluted	16,432,241	16,399,241	16,417,108	16,383,175

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Discontinued Operations - Summary of Assets and Liabilities from Discontinued Operations (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Discontinued Operations And Disposal Groups [Abstract]
Accounts receivable	$ 10,284
Income taxes recoverable	120
Deposits and prepaid expenses	1,032
Property and equipment	1,635
Intangible assets	750
Goodwill	8,872
Deferred income taxes	159
Deferred income taxes valuation allowance	(28)
Total assets from discontinued operations	22,824
Accounts payable and accrued liabilities	14,068
Total liabilities from discontinued operations	$ 14,068

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Assets Held for Sale

6 Months Ended

Jun. 30, 2013

Property Plant And Equipment [Abstract]

Assets Held for Sale

5. Assets Held for Sale

The Company has certain assets that are classified as assets held for sale. These assets are carried on the balance sheet at the lower of the carrying amount or estimated fair value, less cost to sell. Once an asset is classified held for sale, there is no further depreciation taken on the asset. At June 30, 2013, the net book value of assets held for sale was approximately $1.4 million (December 31, 2012—$2.1 million). This amount is included in property and equipment on the balance sheet.

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

8. Income Taxes

The Company established a valuation allowance for all U.S. deferred tax assets as required by FASB Accounting Standards Codification (“ASC”) 740-10. During the six months ended June 30, 2013, the Company incurred additional losses increasing the valuation allowance and utilized its net operating loss carry-forwards to offset tax on the gain on the sale of SCO resulting in a net decrease in the valuation allowance of $11.3 million (2012—increase of $4.0 million) to $52.6 million.

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Computation of Income (Loss) per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Computation of Income (Loss) per Share

4. Computation of Income (Loss) per Share

	Three months Ended June 30, 2013			Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Numerator:
Net loss from continuing operations	$	(16,973	)	$	(5,723	)	$	(34,602	)	$	(12,910	)
Net income from discontinued operations		—			1,560			85,301			2,931
Net income (loss)		(16,973	)		(4,163	)		50,699			(9,979	)
Denominator:
Basic weighted-average shares outstanding		16,432,241			16,399,241			16,417,108			16,383,175
Dilutive weighted-average shares outstanding		16,432,241			16,399,241			16,417,108			16,383,175
Basic and diluted loss per share from continuing operations	$	(1.03	)	$	(0.35	)	$	(2.11	)	$	(0.79	)
Basic and diluted income per share from discontinued operations		—			0.10			5.20			0.18
Basic and diluted income (loss) per share		(1.03	)		(0.25	)		3.09			(0.61	)

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $) In Thousands, except Share data	Total	Common Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income [Member]
Beginning Balance at Dec. 31, 2011	$ 84,973	$ 99,746	$ 5,334	$ (24,914)	$ 4,807
Beginning Balance, Shares at Dec. 31, 2011		16,331,241
Shares issued upon exercise of employee stock options	151	208	(57)
Shares issued upon exercise of employee stock options, Shares		68,000
Net income (loss)	(9,979)			(9,979)
Other comprehensive loss	(47)				(47)
Share-based compensation	227		227
Ending Balance at Jun. 30, 2012	75,325	99,954	5,504	(34,893)	4,760
Ending Balance, Shares at Jun. 30, 2012		16,399,241
Beginning Balance at Dec. 31, 2012	49,657	99,954	5,708	(60,889)	4,884
Beginning Balance, Shares at Dec. 31, 2012		16,399,241
Shares issued upon exercise of employee stock options	170	250	(80)
Shares issued upon exercise of employee stock options, Shares		33,000
Net income (loss)	50,699			50,699
Other comprehensive loss	(72)				(72)
Share-based compensation	187		187
Ending Balance at Jun. 30, 2013	$ 100,641	$ 100,204	$ 5,815	$ (10,190)	$ 4,812
Ending Balance, Shares at Jun. 30, 2013		16,432,241

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Disposal Groups Including Discontinued Operations Income Statement

The following table summarizes the operations for all periods presented to classify SCO operations as discontinued operations for the three and six months ended June 30, 2013 and 2012:

	Three months Ended June 30, 2013		Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Revenue	$	—	$	29,308		$	18,689		$	58,469
Income from discontinued operations		—		2,366			1,082			4,462
Income tax expense		—		(806	)		(402	)		(1,531	)
Income from discontinued operations, net of income tax		—		1,560			680			2,931
Gain on sale		—		—			87,892			—
Income tax expense		—		—			(19,019	)		—
Utilization of net operating loss carry-forwards		—		—			17,613			—
		—		—			86,486			—
Reclassification of foreign currency translation from accumulated other comprehensive income		—		—			(1,865	)		—
Net gain on sale of discontinued operations		—		—			84,621			—
Net income from discontinued operations	$	—	$	1,560		$	85,301		$	2,931

Schedule of Disposal Groups Including Discontinued Operations Balance Sheet

The following table summarizes the assets and liabilities from discontinued operations:

	June 30, 2013		Dec 31, 2012
Accounts receivable	$	—	$	10,284
Income taxes recoverable		—		120
Deposits and prepaid expenses		—		1,032
Property and equipment		—		1,635
Intangible assets		—		750
Goodwill		—		8,872
Deferred income taxes		—		159
Deferred income taxes valuation allowance		—		(28	)
Total assets from discontinued operations	$	—	$	22,824
Accounts payable and accrued liabilities	$	—	$	14,068
Total liabilities from discontinued operations	$	—	$	14,068

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Long-Term Debt

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Long-Term Debt

7. Long-Term Debt

During the six months ended June 30, 2013, the Company entered into additional 15 year real estate term credit facilities with a real estate mortgage lender for $14.1 million. The real estate term credit facilities are secured by 10 transportation facilities throughout the United States. The real estate term agreements bear interest at 4.625% to 4.875% with an interest rate adjustment period of every three to five years.

On March 4, 2013, in conjunction with the sale of SCO, the Company amended its asset based revolving credit facility. The amended credit facility provides up to $50.0 million, compared to $85.0 million previously. The amended credit facility matures on November 30, 2014, which may be accelerated to May 31, 2014 if certain financial conditions are not met. The Company may access the revolving credit facility for letters of credit, however such access is subject to certain financial measures and the Company must initially use cash-on-hand to fund operations to be able to draw on additional funds. As a result of the amendment, the Company wrote off $0.4 million of previously capitalized financing fees. This non-cash expense was recorded in interest expense on the consolidated statements of income (loss).

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Discontinued Operations - Summary of SCO Operations as Discontinued Operations (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Discontinued Operations And Disposal Groups [Abstract]
Revenue	$ 29,308	$ 18,689	$ 58,469
Income from discontinued operations	2,366	1,082	4,462
Income tax expense	(806)	(402)	(1,531)
Income from discontinued operations, net of income tax	1,560	680	2,931
Gain on sale		87,892
Income tax expense		(19,019)
Utilization of net operating loss carry-forwards		17,613
Discontinued Operations, sale net of tax		86,486
Reclassification of foreign currency translation from accumulated other comprehensive income		(1,865)
Net gain on sale of discontinued operations		84,621
Net income from discontinued operations	$ 1,560	$ 85,301	$ 2,931

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Computation of Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Computation of Income (Loss) per Share

	Three months Ended June 30, 2013			Three months Ended June 30, 2012			Six months Ended June 30, 2013			Six months Ended June 30, 2012
Numerator:
Net loss from continuing operations	$	(16,973	)	$	(5,723	)	$	(34,602	)	$	(12,910	)
Net income from discontinued operations		—			1,560			85,301			2,931
Net income (loss)		(16,973	)		(4,163	)		50,699			(9,979	)
Denominator:
Basic weighted-average shares outstanding		16,432,241			16,399,241			16,417,108			16,383,175
Dilutive weighted-average shares outstanding		16,432,241			16,399,241			16,417,108			16,383,175
Basic and diluted loss per share from continuing operations	$	(1.03	)	$	(0.35	)	$	(2.11	)	$	(0.79	)
Basic and diluted income per share from discontinued operations		—			0.10			5.20			0.18
Basic and diluted income (loss) per share		(1.03	)		(0.25	)		3.09			(0.61	)

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Jul. 30, 2013
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	VTNC
Entity Registrant Name	VITRAN CORP INC
Entity Central Index Key	0000946823
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		16,432,241

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Discontinued Operations - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Discontinued Operations And Disposal Groups [Abstract]
Proceeds from transaction	$ 97.0
Additional proceeds received, working capital adjustment	1.8
Cash proceeds from discontinued operations	94.1
Cash divested	0.4
Direct selling costs attributable to the sale of a component of the entity	2.9
Income taxes attributable to the sale of component of the entity	$ 1.4