Heartland Express to Acquire CFI Truckload Business for $525 Million
Heartland Express Inc. on Aug. 22 announced plans to acquire Contract Freighters’ nondedicated truckload business as well as Mexican entities under CFI Logistica in a $525 million deal.
August 22, 2022Heartland Express Returns to Historical Levels of Profitability
Heartland Express Inc. is getting back to its old self. The North Liberty, Iowa-based truckload carrier has been battling to restore its historically rich profit margins after the acquisition of Interstate Distributor Co. in July 2017.
October 17, 2018Heartland Drops Accountant KPMG
Heartland Express dismissed its longtime accounting firm KPMG after KPMG’s year-end 2017 report for Heartland stated that the truckload carrier didn’t maintain internal controls over financial statements and access to its technology as it prepared to purchase Interstate Distributor Co. last July.
March 19, 2018Heartland’s John Cosaert Retires, Christopher Strain Named CFO
Heartland Express Inc. CFO John Cosaert has retired after nearly 40 years with the carrier, starting as one of the firm’s original employees as an accountant, and moving up to manage the company’s finances and back office
November 1, 2017Heartland Express Profits Drop 37% After Added Expenses From IDC Acquisition
Heartland Express Inc. announced weaker-than-expected earnings in the third quarter on Oct. 27 as higher expenses related to Interstate Distributor Co. dragged results down despite higher revenue.
October 27, 2017