For Immediate Release

PBB Global Logistics Appoints Ken Chalmers as President and Chief Executive Officer

Fort Erie, Ontario - April 6, 2005 - PBB Global Logistics, a leading third-party logistics provider, is pleased to announce the appointment of Ken Chalmers as President and Chief Executive Officer following the retirement of Mike Scott. Mr. Chalmers will lead PBB as the company continues a period of unprecedented growth and success.

Mr. Chalmers has been involved with PBB for over 20 years, initially serving as legal advisor for the company. He joined PBB’s executive team in 2002 and has served on the Board since the time of the company’s initial public offering (IPO). Most recently, Mr. Chalmers held the position of PBB’s Chief Operating Officer and was responsible for working with PBB’s operating divisions to improve processes, integrate services and improve margins. As well, Mr. Chalmers has played a key role in the company’s plans for strategic growth through acquisitions including the successful acquisitions of Clarke Logistics, Unicity Integrated Logistics, Unicity Customs Services and Carrier Connection International.

In making the announcement, Ken Wong, Chair of the Board, thanked Mr. Scott “for his outstanding 25 year contribution to PBB”and for his commitment to the logistics industry. Mr. Wong said that Mr. Chalmers’appointment is an exciting step as PBB continues to evolve as a world-class logistics leader.

“PBB has clearly entered a new phase of growth and development. With Mr. Scott’s retirement, the Board has decided that the time is right for change. Mr. Chalmers is the best person to lead the company into the future and to optimize our considerable competitive advantages,”said Mr. Wong.

In accepting the appointment, Mr. Chalmers said, “I am delighted to accept this position because PBB has such a strong history of success in the industry, and that has been strengthened even further by our recent acquisitions. We are now a much larger company.  My role will be to direct and encourage change within the context of PBB’s proven and well-established business model.”

Mr. Chalmers has an LL.M. (Alternative Dispute Resolution) from Osgoode Hall law school. Prior to joining PBB Global Logistics, Mr. Chalmers was counsel with the law firm of Miller Thomson LLP.  Previously, he was a partner in the law firms of Crossley Mann and Holden Day Wilson.

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 global freight operations and now provides supply chain solutions, from the point of origin of goods to the point of consumption, as well as intermodal capabilities, professional trade services and corporate travel management. With approximately 1,350 employees in over 85 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.

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For more information contact:

1-800-924-4466 ext. 3634

info@pbb.com
www.pbb.com