CFI

Heartland Express embarks on its biggest challenge yet

A red CFI tractor and a white Heartland tractor

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

Heartland Express adquiere los activos de CFI por 525 millones de dólares 

A white CFI tractor pulling a white CFI trailer

Heartland Express anunció el lunes la adquisición de la unidad de carga de camiones de Contract Freighters Inc. (CFI) y su unidad de logística en México de TFI International por 525 millones de dólares. El acuerdo no incluye el negocio de camiones dedicados de CFI ni sus operaciones de intermediación en Estados Unidos. 

La combinación convertirá a Heartland (NASDAQ: HTLD) en la octava mayor flota de TL y la tercera mayor empresa de transporte de rutas irregulares en los Estados Unidos, con...

https://www.freightwaves.com/news/heartland-express-adquiere-los-activos-de-cfi-por-525-millones-de-dolares

Heartland Express acquires CFI assets for $525 million

A white CFI tractor pulling a white CFI trailer

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

The Log Book: University of Arkansas’ supply chain program renamed to honor J.B. Hunt Transport

The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: The University of Arkansas’ undergraduate integrated supply chain management program renamed in honor of J.B. Hunt; CFI wraps another truck for its “She Drives CFI” initiative; and Bendix helps build a new high school athletic facility in the new headquarters’ community.

University of Arkansas’ supply chain program renamed to honor J.B. Hunt Transport

The University of Arkansas announced...

https://www.freightwaves.com/news/the-log-book-university-of-arkansas-supply-chain-program-renamed-to-honor-jb-hunt-transport

Trucker saluted for saving 6 victims from fiery crash

CFI truck with white trailer and inlay photo of driver Zach Yeakley.

The Truckload Carriers Association has named truck driver Zach Yeakley, from Batesville, Arkansas, a Highway Angel for rescuing six victims from a chain-reaction crash.

On March 17, around 8:15 a.m. CT, Yeakley was hauling a full truckload of freight to West Memphis, Arkansas, when he heard on his CB radio about an accident up ahead. He was on Interstate 57 near Charleston, Missouri. He soon noticed smoke and a man wearing a safety vest flagging down drivers to alert them to the accident.

Acciden...

https://www.freightwaves.com/news/trucker-saluted-for-saving-6-victims-from-fiery-crash

Driver pay hikes continue to roll in

Pay hikes not likely to slow for some time

High demand and a lack of qualified drivers has pushed truckload carriers to raise pay substantially over the past year and a half. Wage increases have helped fleets maintain size through the pandemic, but few have been able to grow organically. Following a round of large pay increases in 2021, it appears the industry will continue to push pay rates higher to address a labor shortfall.

Two more fleets announced pay hikes this week.

Kaukauna, Wisconsin-based Midwest Carriers announced a 9% pay...

https://www.freightwaves.com/news/driver-pay-hikes-continue-to-roll-in

Los aumentos salariales de los conductores siguen llegando

Pay hikes not likely to slow for some time

La alta demanda y la falta de conductores cualificados han empujado a los transportistas de carga por carretera a aumentar los salarios de forma sustancial durante el último año y medio. Los aumentos salariales han ayudado a las flotas a mantener su tamaño durante la pandemia, pero pocas han podido crecer orgánicamente. Después de una ronda de grandes aumentos salariales en 2021, parece que la industria continuará impulsando las tasas salariales más altas para hacer frente a un déficit de mano...

https://www.freightwaves.com/news/los-aumentos-salariales-de-los-conductores-siguen-llegando

The Log Book: CFI delivers for 28th annual Truckloads of Treasures

The Log Book is a weekly rundown of human interest stories related to the transportation industry. This week: CFI employees raise holiday funds for local charities, XPO joins other industry professionals for Wreaths Across America Day and Gopuff gives toward Kentucky tornado relief.

CFI celebrates 28th annual Truckloads of Treasures campaign 

North American logistics provider Associates of CFI, an operating company of TFI International Inc., announced last week that it raised $39,000 as part of...

https://www.freightwaves.com/news/the-log-book-cfi-delivers-for-28th-annual-truckloads-of-treasures

TFI folding US truckload, dedicated operations into CFI

A white tractor-trailer of TFI International carrier CFI traveling on a road with green pine trees in the background.

TFI International is consolidating its U.S. truckload and dedicated trucking operations under the umbrella of its Missouri-based carrier CFI, which has already absorbed Transport America — with the small dedicated operation of former UPS Freight to follow in 2022. 

CFI announced the changes on Monday as part of an expansion and reorganization. It also includes a new temperature-controlled division from TFI’s acquisition of MCT. 

The newly expanded CFI has a fleet of over 3,700 power units, which...

https://www.freightwaves.com/news/tfi-folding-us-truckload-dedicated-operations-into-cfi

Borderlands: Texas Trucking Association appoints Ernesto Gaytán Jr. as chairman

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas Trucking Association appoints Ernesto Gaytán Jr. as chairman; Saddle Creek to open new distribution center in Texas; CFI reports four years of accident-free operations in Laredo; and 11 tractors destroyed by a fire at Texas plant.

Ernesto Gaytán Jr. is the new chairman of the Texas Trucking Association 

Ernesto Gaytán Jr. brings more than 20 years of experience to...

https://www.freightwaves.com/news/texas-trucking-association-appoints-ernesto-gaytan-as-chairman

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