Heartland Express Acquires Assets From CFI For $525 Million
Discussion in 'Truckers News' started by Eddiec, Aug 22, 2022.
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I'm sure there are a lot of unhappy CFI drivers today.
bzinger and motocross25 Thank this. -
Interesting. CFI just recently bought out D&D Sexton here locally. 50-75 truck refrigerated fleet - serviced Schrieber cheese and General Mills.
Getsinyourblood and bzinger Thank this. -
bzinger, sevenmph and blairandgretchen Thank this.
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Yea that transforce AKA TFI is a Canadian outfit that's been buying up a lot of American trucking concerns. CFI which had been one time bought or merged into Conway truck load was pretty much non existent till TFI came on the scene. It was almost as if TFI resurrected CFI. Transport America was also recently bought an folded into CFI. CFI also had at one point aquired MCT which to my understanding had something to do with how their temp control division got going. TFI also ties in with XPO an Jacobson Transportation somehow or did. Ya can research all this stuff an it just goes on an on. It's traceable all the way back to the old Cornflake ( old ltl consolidated freight ) and the origins of freightliner trucks. Just amazing how companies keep getting gobbled up.
bzinger Thanks this. -
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Professor No-Name and bzinger Thank this.
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Professor No-Name and bzinger Thank this.
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drvrtech77, olddog_newtricks, Professor No-Name and 3 others Thank this.
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But, I think it's like @kranky1 said, buy up the assets, get the book, sell the assets, and quietly close them down.
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