Heartland Express strikes $525m CFI deal with TFI International

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22/08/2022

PRESS RELEASE

HEARTLAND EXPRESS TO ACQUIRE CONTRACT FREIGHTERS TRUCKLOAD BUSINESS FOR $525 MILLION NORTH LIBERTY, IA

August 22, 2022 – Heartland Express, Inc. (NASDAQ: HTLD) (“Heartland”) announced today that it will 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) (“TFI”), for a cash enterprise value of $525 million, subject to certain adjustments. The term CFI does not include ...