Heartland Express announced Monday the acquisition of Contract Freighters Inc.’s (CFI) truckload unit and its non-asset logistics unit in Mexico from TFI International for $525 million. The deal does not include CFI’s dedicated trucking business or its U.S. brokerage operations.
The combination will make Heartland (NASDAQ: HTLD) the eighth-largest TL fleet and the third-largest asset-based, irregular route carrier in the U.S., with approximately 5,550 tractors, 17,800 trailers and $1.3 billion...
https://www.freightwaves.com/news/heartland-express-acquires-assets-from-cfi-for-525-million