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For Immediate Release

New Partnership with Canada Customs Promotes Border Security
Global Logistics Leader Joins Partners in Protection Program

Fort Erie, Ontario - May 1, 2003 - PBB Global Logistics has established a new working partnership with the Canada Customs and Revenue Agency (CCRA), under its Partners in Protection program (PIP).

Through PIP, PBB will work closely with the CCRA to foster government and industry cooperation, enhance border security, combat organized crime and terrorism, increase awareness of customs compliance issues, and help detect and prevent contraband smuggling.

"In today's environment we must do all we can to ensure safety and security in all of our business practices," said Mike Scott, President & CEO, PBB Global Logistics. "By working in partnership, both parties contribute to the protection of Canadian society and the facilitation of legitimate trade."

PBB is also an active participant in the U.S. Customs-Trade Partnership Against Terrorism (C-TPAT) - a voluntary program aimed at combating terrorism by encouraging businesses to review their supply chain and adopt practices to enhance security. In the fall, PBB held a series of executive briefings to detail the impact of initiatives such as PIP and C-TPAT to importers, manufacturers, shippers and carriers and to give them a better understanding of pressing issues on both sides of the border.

Partners In Protection (PIP) is a voluntary program aimed at strengthening physical security in areas of production, transportation, importation and exportation. As a PIP member, PBB realizes the importance of protecting the health, safety, and economic prosperity of Canadians. Active participation in these important government programs offers PBB clients additional trade and security related benefits.

PBB Global Logistics is a leading provider of third party international logistics services, facilitating the movement of goods across North America and around the world. Founded in 1946, PBB has expanded its core Customs brokerage and freight operations and now provides supply chain solutions from the point of origin of goods to the point of consumption. With approximately 900 employees in over 70 strategic locations throughout North America and an established global network of logistics service providers, PBB has the technology, expertise, and infrastructure to meet every supply chain need. PBB Global Logistics is a wholly owned subsidiary of PBB Global Logistics Income Fund with units trading on the Toronto Stock Exchange under the symbol PBB.UN.


For more information contact:
1-800-924-4466 ext. 3634
info@pbb.com
www.pbb.com