CFI is currently owned by Heartland Express.
CFI, formerly known as Contract Freighters, Inc., has undergone significant ownership changes in recent years. Its present ownership by Heartland Express is the result of a transaction that occurred in 2022.
Recent Ownership History
The journey to Heartland Express's ownership of CFI involved a prior acquisition by a major logistics firm.
- Acquisition by TFI International (2016): In 2016, CFI was acquired by TFI International, a Canadian logistics company. Following this acquisition, TFI International restored CFI to its pre-2007 operational model as a standalone truckload company, retaining its original name, CFI. This move aimed to leverage CFI's brand recognition and operational focus within the truckload sector.
- Sale to Heartland Express (2022): TFI International subsequently sold CFI to Heartland Express in 2022. This sale marked a significant consolidation in the trucking industry, integrating CFI into Heartland Express's operations.
The table below summarizes the recent transitions in CFI's ownership:
| Year | Owner | Notes |
|---|---|---|
| 2016 | TFI International | Acquired CFI and returned it to standalone truckload operations. |
| 2022 | Heartland Express | Acquired CFI from TFI International. |
This history highlights CFI's evolution within the competitive landscape of the North American logistics and trucking industry, now operating as part of the Heartland Express portfolio.
