Management from Heartland Express will roll up its sleeves to again integrate a fleet with a less than stellar operating track record. On Monday, the Iowa-based truckload carrier acquired several assets from the Contract Freighters Inc. (CFI) portfolio, which is owned and operated by TFI International, for an enterprise value of $525 million.
In the deal, Heartland gets the over-the-road TL fleet (CFI Truckload), CFI Temp-Control and the Mexican cross-border TL and LTL asset-light logistics unit...
https://www.freightwaves.com/news/heartland-express-undertakes-another-turnaround-story