Heartland express closes acquisition of contract freighters truckload business

North liberty, iowa, aug. 31, 2022 (globe newswire) -- heartland express, inc. (nasdaq: htld) (“heartland”) announced today that it has closed the previously announced transaction 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) (“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, which were not part of the transaction.
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