Heartland Express
 | |
| Company type | Public |
|---|---|
| Nasdaq: HTLD | |
| Industry | Freight transport |
| Founded | 1978 |
| Headquarters | , U.S. |
| Subsidiaries | CFI |
| Website | www |
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
History
[edit]Heartland Express was founded in 1978 by Russell A. Gerdin.[1]
Heartland Express went public in 1986. By 1988, the company had a fleet of more than 300 tractors and a net income of more than $5 million.[1]
Heartland Express acquired Illinois-based Munson Transportation in 1994, doubling the size of the company. By the end of the following year, the company reported a net income of more than $20.5 million.[1]
In 2013, Heartland Express purchased Gordon Trucking for $300 million. The acquisition made the company the fifth-largest asset-based trucking company in the United States.[2]
In 2017, the company acquired Interstate Distributor from Saltchuk for $113 million.[3] Heartland express acquired Millis Transfer in 2019 for $150 Million.[4]
In 2022, Heartland Express acquired Smith Transport for $170 million.[5] The company acquired the trucking assets of Contract Freighters, Inc. (CFI) from TFI International for $525 million later the same year.[6][7]
Operations
[edit]Heartland Express offers long-haul, regional, and dedicated truckload services.[8] As of 2025[update], the company operates terminals in fourteen U.S. states.[9]
References
[edit]- ^ a b c "Heartland Express, Inc.". International Directory of Company Histories. Vol. 18. St. James Press. 1997 – via FundingUniverse.
- ^ Garnick, Coral. "Heartland Express buys Pacific-based Gordon Trucking for $300M". The Seattle Times. Retrieved November 17, 2025.
- ^ Ashe, Ari (July 6, 2017). "Heartland Buys Interstate Distributor From Saltchuk for $113 Million". Transport Topics. Retrieved November 17, 2025.
- ^ Gilroy, Roger (August 27, 2019). "Heartland Acquires Millis Transfer for $150 Million". Transport Topics. Retrieved November 17, 2025.
- ^ Campbell, Colin (June 1, 2022). "Heartland Express buys Smith Transport for $170M". Trucking Dive. Retrieved November 17, 2025.
- ^ "Heartland Express buys CFI's truckload operations for $525 million". KCRG-TV. August 22, 2022. Retrieved November 17, 2025.
- ^ Maiden, Todd (August 22, 2022). "Heartland Express acquires CFI assets for $525 million". FreightWaves. Retrieved November 17, 2025.
- ^ "Services". Heartland Express. Retrieved November 17, 2025.
- ^ "Terminals". Heartland Express. Retrieved November 17, 2025.
External links
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