TFI International Closes on Previously Announced Agreement to Sell CFI’s Truckload, Temp Control and Mexican Logistics Businesses to Heartland Express
MONTREAL, Aug. 31, 2022 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has closed on the previously announced definitive agreement to sell CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses to Heartland Express, Inc. (NASDAQ: HTLD) for US$525 million. In addition to customary closing adjustments, Heartland Express has paid TFI International an additional US$24 million for TFI to retain pre-closing accident and workers’ compensation claims.
TFI International Closes on Previously Announced Agreement to Sell CFI’s Truckload, Temp Control and Mexican Logistics Businesses to Heartland Express
MONTREAL, Aug. 31, 2022 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has closed on the previously announced definitive agreement to sell CFI’s Truckload, Temp Control and Mexican non-asset logistics businesses to Heartland Express, Inc. (NASDAQ: HTLD) for US$525 million. In addition to customary closing adjustments, Heartland Express has paid TFI International an additional US$24 million for TFI to retain pre-closing accident and workers’ compensation claims.