UPDATE 1-Vitran sells some Frontier Transport unit assets

Tue Nov 30, 2010 4:46pm EST

* Sells some assets to Online Transport for $5 mln

* Says to focus on LTL and supply-chain operations

Nov 30 (Reuters) - North American cross-border trucking company Vitran Corp VTN.TO VTNC.O Vitran Corp VTN.TO VTNC.O said it sold certain assets of its unit, Frontier Transport Corp, to Indianapolis-based Online Transport for about $5 million.

Vitran said it has been focusing on its two core segments -- less-than-truckload and supply chain operations -- while Frontier, its small owner-operator truckload operation, took a back seat.

The Toronto-based trucker's shares, which have gained 7 percent since the company reported third-quarter results in October, closed at C$11.98 on Tuesday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Vinu Pilakkott) ((isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: isheeta.sanghi.thomsonreuters.com@reuters.net))

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