Heartland express to acquire contract freighters truckload business for $525 million

North liberty, iowa, aug. 22, 2022 (globe newswire) -- 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 the cfi dedicated or cfi logistics u.s. brokerage operations (“tfi retained operations”), which are not part of the transaction.
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