Heartland Express Buys Contract Freighters Truckload Business For $525M
Heartland Express, Inc. (NASDAQ: HTLD ) has agreed to acquire the Contract Freighters non-dedicated U.S. dry van and temperature-controlled truckload business and CFI Logistica operations in Mexico (CFI) from TFI International Inc (NYSE: TFII ) for a cash enterprise value of $525 million. Joplin, Missouri-based CFI provides dry van and temperature-controlled truckload services to major customers throughout the U.S. and into Mexico and Canada. CFI owns its headquarters, which covers approximately 200 acres … Full story available on Benzinga.com
Heartland Express Buys Contract Freighters Truckload Business For $525M
Heartland Express, Inc. (NASDAQ: HTLD ) has agreed to acquire the Contract Freighters non-dedicated U.S. dry van and temperature-controlled truckload business and CFI Logistica operations in Mexico (CFI) from TFI International Inc (NYSE: TFII ) for a cash enterprise value of $525 million. Joplin, Missouri-based CFI provides dry van and temperature-controlled truckload services to major customers throughout the U.S. and into Mexico and Canada. CFI owns its headquarters, which covers approximately 200 acres … Full story available on Benzinga.com