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CFI

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uuid0008nrp

Namestring
CFI
Legal namestring
Contract Freighters, Inc.
Websiteurl
cfidrive.com
Company typeenum
Private
Founded yearint
1951
Descriptiontext

CFI (Contract Freighters, Inc.) is a North American truckload carrier founded in 1951 in Joplin, Missouri, by owner-operator Ursul Lewellen. The company operates across three core service lanes: 53-foot dry-van Truckload transportation throughout the U.S., Canada and Mexico; Temp-Control freight for perishable products using Thermo King refrigerated trailers in a -20°F to 77°F range; and Mexico cross-border and intra-Mexico logistics supported by 190+ C-TPAT certified carrier partners, an owned LTL network anchored in Guadalajara and five U.S.-Mexico border crossing points. CFI's owned fleet comprises approximately 2,400 company tractors (Kenworth T680 Next Gen fleet averaging two years old) and 8,000 trailers, supplemented by independent owner-operator capacity, with the company dispatching roughly 5,000 asset-based loads weekly at a reported 97% on-time delivery rate.

CFI makes money through transaction-fee (per-shipment) pricing on truckload, temp-control and Mexico moves, with rates determined per load based on lane, equipment, weight and service requirements; pricing is quote-based and not publicly disclosed. The go-to-market is sales-led, combining enterprise and mid-market direct sales, dedicated customer login portals (customer.cfidrive.com, tools.cfidrive.com, employee.cfidrive.com) and inbound request-for-quote/credit-application forms via cfidrive.com. Customer concentration skews toward large enterprise shippers, with named customers including Home Depot (Truckload Carrier of the Year 2021), Tractor Supply (2023 Value Award), Michaels (multiple-time Carrier Partner of the Year 2007-2017), Lowe's (Platinum Carrier Award 2010/2011/2013) and Sonoco. Driver-facing technology includes forward-facing cameras, radar, GPS and 1,500-watt inverters, while shipper-facing digital tooling includes CFI Track for real-time shipment visibility.

Ownership history: CFI operated as a division of TFI International Inc. (TSX: TFII) until September 2022, when TFI International divested CFI's Truckload, Temp-Control and Mexican Logistics businesses to Heartland Express, Inc. (NASDAQ: HTLD). Heartland Express announced the integration of CFI's U.S. operations on December 9, 2025, and completed the consolidation by Q1 2026 while fully retiring Smith Transport acquisition-related debt, leaving CFI operating primarily as a service brand within the Heartland Express platform. Post-integration, CFI's independent operational trajectory has concluded.

Short descriptiontext

CFI (Contract Freighters, Inc.) is a North American truckload carrier founded in 1951, providing 53-foot dry-van Truckload, Temp-Control and U.S.-Mexico cross-border freight services to enterprise and mid-market shippers across the U.S., Canada and Mexico. The company was acquired by Heartland Express in 2022 and consolidated into Heartland Express by Q1 2026.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersJoplin, United States
HQ citystring
Joplin
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
truckload freight transportation, temperature-controlled shipping, cross-border logistics, dry-van trucking, Mexico freight services
NAICS code2 codes
  • General Freight Trucking, Long-Distance48412
  • Specialized Freight (except Used Goods) Trucking, Long-Distance48423
SIC code1 code
  • Trucking (No Local)4213
Product category
Truckload Transportation Services
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1Truckload Transportation Services
TypeTransaction Fee
Description

Dry-van truckload transportation services across the U.S., Canada, and Mexico using 53-foot trailers. Revenue is generated on a per-shipment basis based on mileage, weight, and service requirements. CFI domestic operations were consolidated into Heartland Express as of Q1 2026.

stocktitan.net
2Temp-Control Services
TypeTransaction Fee
Description

Temperature-controlled transportation for perishable products using Thermo King refrigerated trailers with temperature range from -20°F to 77°F, targeting food, pharmaceutical, and floral industries.

cfidrive.com
3Mexico Cross-Border and Intra-Mexico Logistics
TypeTransaction Fee
Description

Cross-border U.S.-Mexico freight and intra-Mexico transportation including LTL services, hot shot, stepdeck, flatbed, and dedicated logistics operations using certified C-TPAT carrier partnerships.

cfidrive.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Pricing details3 tiers
1Truckload dry-van transportation - quote-based per shipment
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Pricing determined per shipment; customers submit request-for-quote forms for specific loads. Rates vary by distance, weight, equipment requirements, and service lanes.

cfidrive.com
2Temp-Control transportation - quote-based per shipment
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Temperature-controlled shipments quoted per load based on distance, temperature requirements, and cargo type.

cfidrive.com
3Mexico cross-border and intra-Mexico logistics - quote-based
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Cross-border Mexico services include full truckload, LTL, hot shot, and pickup/delivery services. Rates determined per shipment based on lane, cargo type, and crossing requirements.

cfidrive.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

CFI is a North American full-truckload carrier providing over-the-road freight transportation across three core service lanes: (1) Truckload dry-van services using 53-foot trailers, (2) Temp-Control temperature-controlled transportation for perishable goods (range -20°F to 77°F), and (3) Mexico cross-border and intra-Mexico logistics leveraging a proprietary LTL network and 190+ C-TPAT certified carrier partners. Operations span the United States, Canada, and Mexico, with dedicated, solo, and team trucking options plus real-time shipment visibility through the CFI Track platform.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 97% on-time delivery rate for dry-van truckload services
+4 more records
Product overview1 text field

CFI (Contract Freighters, Inc.) is a North American truckload carrier operating three core service lanes: Truckload (53-foot dry-van), Temp-Control (temperature-controlled), and Mexico (cross-border and intra-Mexico). The company, founded in 1951 and headquartered in Joplin, Missouri, was acquired by Heartland Express in September 2022 and subsequently integrated into Heartland Express operations by December 2025. CFI provides solo, team, and dedicated trucking operations with a fleet of company tractors and trailers plus independent contractor support. Customer-facing digital tools include CFI Track for shipment tracking and online customer portals.

Product and service4 records
1Truckload (Dry-Van) Transportation
CategoryTruckload Freight Transportation
Description

Over-the-road 53-foot dry-van full-truckload transportation across North America (U.S., Canada, Mexico), offering solo, team, and dedicated trucking operations with a 97% on-time delivery rate for enterprise and mid-market shippers.

2Temp-Control (Temperature-Controlled) Transportation
CategoryCold Chain / Refrigerated Transportation
Description

Temperature-controlled freight transportation for perishable products using Thermo King refrigerated trailers with a temperature range of -20°F to 77°F, 100% pneumatic ride trailers, Smart Reefer 4 control systems, and real-time TracKing monitoring for the food, pharmaceutical, and floral industries.

3Mexico Cross-Border and Intra-Mexico Logistics
CategoryCross-Border Logistics Services
Description

Cross-border U.S.-Mexico freight and intra-Mexico transportation including full truckload, LTL services, hot shot, stepdeck, flatbed, and dedicated logistics using a proprietary Mexico LTL network, 190+ C-TPAT certified carrier partners, and five border crossing points with customs brokerage.

4CFI Track Shipment Tracking Platform
CategoryLogistics Visibility Software
Description

Real-time online shipment tracking and visibility portal providing customers with live shipment status, trailer information, load details, destination data, document access, and profile management via a dedicated dashboard.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-09-22
Description

Heartland Express acquired CFI's Truckload, Temp-Control, and Mexican Logistics businesses from TFI International in September 2022. CFI's U.S. domestic operations were consolidated into Heartland Express by December 2025, with Smith Transport acquisition-related debt fully retired. The transaction combined two major truckload carriers under unified ownership.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

CFI partners with Crowder College on apprenticeship programs and workforce development, celebrating an ongoing successful partnership each year with recruitment and training opportunities for students.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

CFI maintains partnerships with over 190 C-TPAT (Customs-Trade Partnership Against Terrorism) certified carriers to provide cross-border Mexico freight capacity and expanded coverage for U.S.-Mexico logistics services.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Heartland Express (NASDAQ: HTLD) is the direct acquirer of CFI and a long-haul, irregular-route truckload carrier of similar size and asset profile. CFI has been fully consolidated into Heartland's operations, making it the most directly comparable peer in fleet, lane mix, and customer base.

TypeDirect peer
Description

Werner Enterprises (NASDAQ: WERN) is a publicly traded truckload carrier operating dedicated, one-way, and logistics services across North America with a comparable tractor count and similar enterprise customer mix. Closely overlaps CFI on dry-van truckload and dedicated capacity.

TypeBroad incumbent
Description

Knight-Swift (NYSE: KNX) is the largest truckload carrier in North America, operating across truckload, LTL, and logistics. Its size and multi-segment footprint make it a broad incumbent benchmark for CFI's dry-van, dedicated, and temperature-controlled services.

TypeBroad incumbent
Description

Schneider National (NYSE: SNDR) is a diversified multimodal carrier with substantial truckload, intermodal, and logistics operations. Comparable to CFI in core truckload capabilities while operating a much broader service portfolio including dedicated and cross-border lanes.

TypeDirect peer
Description

Marten Transport (NASDAQ: MRTN) is a temperature-controlled and dry-van truckload carrier of similar size to CFI's Temp-Control division. Directly comparable on refrigerated capacity, customer mix, and dedicated service offerings in the perishable and retail lanes.

TypeDirect peer
Description

U.S. Xpress (acquired by Knight-Swift in 2023) was a publicly traded truckload carrier with overlapping North American dry-van, dedicated, and Mexico cross-border services — directly comparable to CFI's core service lanes prior to acquisition.

TypeDirect peer
Description

Covenant Logistics (NASDAQ: CVLG) operates dedicated, expedited, and refrigerated truckload services across North America at a comparable scale to CFI. Its mix of dedicated, temperature-controlled, and expedited offerings aligns closely with CFI's three-lane service portfolio.

TypeBroad incumbent
Description

J.B. Hunt (NASDAQ: JBHT) is a large multimodal carrier with dedicated contract services, intermodal, and truckload operations. Comparable to CFI's dedicated truckload and Mexico cross-border offerings as a benchmark enterprise-scale competitor.

TypeDirect peer
Description

KLLM is a privately held asset-based refrigerated truckload carrier with a similar temperature-controlled service profile to CFI's Temp-Control division, comparable fleet size, and similar focus on food and pharmaceutical customers.

TypeDirect peer
Description

CRST International is a privately held truckload carrier with dedicated, expedited, and Mexico cross-border operations. Directly comparable to CFI's dedicated trucking, dry-van, and cross-border service mix at a similar asset and revenue scale.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers6 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

CFI

Truckload Transportation Servicescfidrive.com

CFI (Contract Freighters, Inc.) is a North American truckload carrier founded in 1951, providing 53-foot dry-van Truckload, Temp-Control and U.S.-Mexico cross-border freight services to enterprise and mid-market shippers across the U.S., Canada and Mexico. The company was acquired by Heartland Express in 2022 and consolidated into Heartland Express by Q1 2026.

What CFI does

CFI (Contract Freighters, Inc.) is a North American truckload carrier founded in 1951 in Joplin, Missouri, by owner-operator Ursul Lewellen. The company operates across three core service lanes: 53-foot dry-van Truckload transportation throughout the U.S., Canada and Mexico; Temp-Control freight for perishable products using Thermo King refrigerated trailers in a -20°F to 77°F range; and Mexico cross-border and intra-Mexico logistics supported by 190+ C-TPAT certified carrier partners, an owned LTL network anchored in Guadalajara and five U.S.-Mexico border crossing points. CFI's owned fleet comprises approximately 2,400 company tractors (Kenworth T680 Next Gen fleet averaging two years old) and 8,000 trailers, supplemented by independent owner-operator capacity, with the company dispatching roughly 5,000 asset-based loads weekly at a reported 97% on-time delivery rate.

CFI makes money through transaction-fee (per-shipment) pricing on truckload, temp-control and Mexico moves, with rates determined per load based on lane, equipment, weight and service requirements; pricing is quote-based and not publicly disclosed. The go-to-market is sales-led, combining enterprise and mid-market direct sales, dedicated customer login portals (customer.cfidrive.com, tools.cfidrive.com, employee.cfidrive.com) and inbound request-for-quote/credit-application forms via cfidrive.com. Customer concentration skews toward large enterprise shippers, with named customers including Home Depot (Truckload Carrier of the Year 2021), Tractor Supply (2023 Value Award), Michaels (multiple-time Carrier Partner of the Year 2007-2017), Lowe's (Platinum Carrier Award 2010/2011/2013) and Sonoco. Driver-facing technology includes forward-facing cameras, radar, GPS and 1,500-watt inverters, while shipper-facing digital tooling includes CFI Track for real-time shipment visibility.

Ownership history: CFI operated as a division of TFI International Inc. (TSX: TFII) until September 2022, when TFI International divested CFI's Truckload, Temp-Control and Mexican Logistics businesses to Heartland Express, Inc. (NASDAQ: HTLD). Heartland Express announced the integration of CFI's U.S. operations on December 9, 2025, and completed the consolidation by Q1 2026 while fully retiring Smith Transport acquisition-related debt, leaving CFI operating primarily as a service brand within the Heartland Express platform. Post-integration, CFI's independent operational trajectory has concluded.

CFI firmographics

Firmographics
Name
CFI
Legal name
Contract Freighters, Inc.
Website
https://cfidrive.com
Company type
Private
Founded year
1951
Operating status
Acquired
Headcount range
1,001–5,000 employees
Short description
CFI (Contract Freighters, Inc.) is a North American truckload carrier founded in 1951, providing 53-foot dry-van Truckload, Temp-Control and U.S.-Mexico cross-border freight services to enterprise and mid-market shippers across the U.S., Canada and Mexico. The company was acquired by Heartland Express in 2022 and consolidated into Heartland Express by Q1 2026.
Ownership category
akta.pro rank

Where CFI is headquartered

Location

Headquarters

HQ city
Joplin
HQ country
United States
HQ region
North America

Offices6 records

Markets served

CFI business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Truckload Transportation Services: Dry-van truckload transportation services across the U.S., Canada, and Mexico using 53-foot trailers. Revenue is generated on a per-shipment basis based on mileage, weight, and service requirements. CFI domestic operations were consolidated into Heartland Express as of Q1 2026.
  2. Temp-Control Services: Temperature-controlled transportation for perishable products using Thermo King refrigerated trailers with temperature range from -20°F to 77°F, targeting food, pharmaceutical, and floral industries.
  3. Mexico Cross-Border and Intra-Mexico Logistics: Cross-border U.S.-Mexico freight and intra-Mexico transportation including LTL services, hot shot, stepdeck, flatbed, and dedicated logistics operations using certified C-TPAT carrier partnerships.

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goTruckload dry-van transportation - quote-based per shipment
Transaction based/ take ratePay-as-you-goTemp-Control transportation - quote-based per shipment
Transaction based/ take ratePay-as-you-goMexico cross-border and intra-Mexico logistics - quote-based

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

CFI product offering

Product offering

Core offering

CFI is a North American full-truckload carrier providing over-the-road freight transportation across three core service lanes: (1) Truckload dry-van services using 53-foot trailers, (2) Temp-Control temperature-controlled transportation for perishable goods (range -20°F to 77°F), and (3) Mexico cross-border and intra-Mexico logistics leveraging a proprietary LTL network and 190+ C-TPAT certified carrier partners. Operations span the United States, Canada, and Mexico, with dedicated, solo, and team trucking options plus real-time shipment visibility through the CFI Track platform.

Product overview

CFI (Contract Freighters, Inc.) is a North American truckload carrier operating three core service lanes: Truckload (53-foot dry-van), Temp-Control (temperature-controlled), and Mexico (cross-border and intra-Mexico). The company, founded in 1951 and headquartered in Joplin, Missouri, was acquired by Heartland Express in September 2022 and subsequently integrated into Heartland Express operations by December 2025. CFI provides solo, team, and dedicated trucking operations with a fleet of company tractors and trailers plus independent contractor support. Customer-facing digital tools include CFI Track for shipment tracking and online customer portals.

Differentiator

Problem solved

Functional benefit

Products and services

  • Truckload (Dry-Van) Transportation Over-the-road 53-foot dry-van full-truckload transportation across North America (U.S., Canada, Mexico), offering solo, team, and dedicated trucking operations with a 97% on-time delivery rate for enterprise and mid-market shippers.
  • Temp-Control (Temperature-Controlled) Transportation Temperature-controlled freight transportation for perishable products using Thermo King refrigerated trailers with a temperature range of -20°F to 77°F, 100% pneumatic ride trailers, Smart Reefer 4 control systems, and real-time TracKing monitoring for the food, pharmaceutical, and floral industries.
  • Mexico Cross-Border and Intra-Mexico Logistics Cross-border U.S.-Mexico freight and intra-Mexico transportation including full truckload, LTL services, hot shot, stepdeck, flatbed, and dedicated logistics using a proprietary Mexico LTL network, 190+ C-TPAT certified carrier partners, and five border crossing points with customs brokerage.
  • CFI Track Shipment Tracking Platform Real-time online shipment tracking and visibility portal providing customers with live shipment status, trailer information, load details, destination data, document access, and profile management via a dedicated dashboard.

Quantifiable outcome

  • 97% on-time delivery rate for dry-van truckload services
  • +4 more outcomes

Companies that use CFI

Customer profile

Named customers6 records

Segments4 records

Ideal customer profiles4 records

CFI technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

CFI partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and minor.

  • Heartland Express, Inc.coreStrategic or Co-development Partner · 22 September 2022Heartland Express acquired CFI's Truckload, Temp-Control, and Mexican Logistics businesses from TFI International in September 2022. CFI's U.S. domestic operations were consolidated into Heartland Express by December 2025, with Smith Transport acquisition-related debt fully retired. The transaction combined two major truckload carriers under unified ownership.
  • Crowder CollegeminorStrategic or Co-development PartnerCFI partners with Crowder College on apprenticeship programs and workforce development, celebrating an ongoing successful partnership each year with recruitment and training opportunities for students.
  • C-TPAT Certified Carrier Partners (190+)coreChannel Partner/ Reseller/ DistributorCFI maintains partnerships with over 190 C-TPAT (Customs-Trade Partnership Against Terrorism) certified carriers to provide cross-border Mexico freight capacity and expanded coverage for U.S.-Mexico logistics services.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

CFI competitors and assessment

Company assessment

Direct peers

  • Heartland Express: Heartland Express (NASDAQ: HTLD) is the direct acquirer of CFI and a long-haul, irregular-route truckload carrier of similar size and asset profile. CFI has been fully consolidated into Heartland's operations, making it the most directly comparable peer in fleet, lane mix, and customer base.
  • Werner Enterprises: Werner Enterprises (NASDAQ: WERN) is a publicly traded truckload carrier operating dedicated, one-way, and logistics services across North America with a comparable tractor count and similar enterprise customer mix. Closely overlaps CFI on dry-van truckload and dedicated capacity.
  • Marten Transport: Marten Transport (NASDAQ: MRTN) is a temperature-controlled and dry-van truckload carrier of similar size to CFI's Temp-Control division. Directly comparable on refrigerated capacity, customer mix, and dedicated service offerings in the perishable and retail lanes.
  • U.S. Xpress Enterprises: U.S. Xpress (acquired by Knight-Swift in 2023) was a publicly traded truckload carrier with overlapping North American dry-van, dedicated, and Mexico cross-border services — directly comparable to CFI's core service lanes prior to acquisition.
  • Covenant Logistics Group: Covenant Logistics (NASDAQ: CVLG) operates dedicated, expedited, and refrigerated truckload services across North America at a comparable scale to CFI. Its mix of dedicated, temperature-controlled, and expedited offerings aligns closely with CFI's three-lane service portfolio.
  • KLLM Transport Services: KLLM is a privately held asset-based refrigerated truckload carrier with a similar temperature-controlled service profile to CFI's Temp-Control division, comparable fleet size, and similar focus on food and pharmaceutical customers.
  • CRST International: CRST International is a privately held truckload carrier with dedicated, expedited, and Mexico cross-border operations. Directly comparable to CFI's dedicated trucking, dry-van, and cross-border service mix at a similar asset and revenue scale.

Broad incumbents

  • Knight-Swift Transportation: Knight-Swift (NYSE: KNX) is the largest truckload carrier in North America, operating across truckload, LTL, and logistics. Its size and multi-segment footprint make it a broad incumbent benchmark for CFI's dry-van, dedicated, and temperature-controlled services.
  • Schneider National: Schneider National (NYSE: SNDR) is a diversified multimodal carrier with substantial truckload, intermodal, and logistics operations. Comparable to CFI in core truckload capabilities while operating a much broader service portfolio including dedicated and cross-border lanes.
  • J.B. Hunt Transport Services: J.B. Hunt (NASDAQ: JBHT) is a large multimodal carrier with dedicated contract services, intermodal, and truckload operations. Comparable to CFI's dedicated truckload and Mexico cross-border offerings as a benchmark enterprise-scale competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

CFI social profiles

Digital presence

CFI compliance and trust

Trust signal

Compliance1 record

CFI financial estimates

Financial estimate

Revenue estimate

Valuation estimate

CFI leadership team

Management profile

Number of profiles

Profiles3 records

CFI funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

CFI M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CFI

What does CFI do?

CFI is a North American full-truckload carrier providing over-the-road freight transportation across three core service lanes: (1) Truckload dry-van services using 53-foot trailers, (2) Temp-Control temperature-controlled transportation for perishable goods (range -20°F to 77°F), and (3) Mexico cross-border and intra-Mexico logistics leveraging a proprietary LTL network and 190+ C-TPAT certified carrier partners. Operations span the United States, Canada, and Mexico, with dedicated, solo, and team trucking options plus real-time shipment visibility through the CFI Track platform.

Is CFI a public or private company?

CFI is a private company. It is classified as corporate owned and is currently acquired.

When was CFI founded?

CFI was founded in 1951. It employs 1,001 to 5,000 people.

Where is CFI based?

CFI is headquartered in Joplin, United States, in the North America region.

How does CFI make money?

Three revenue lines are on record. Truckload Transportation Services are the primary driver. The others are temp-Control Services and mexico Cross-Border and Intra-Mexico Logistics.

Who are CFI's main competitors?

Direct peers on record are Heartland Express, Werner Enterprises, Marten Transport, U.S. Xpress Enterprises, Covenant Logistics Group, KLLM Transport Services and CRST International. Broad incumbents are Knight-Swift Transportation, Schneider National and J.B. Hunt Transport Services.

Does CFI have an API?

No public API is recorded for CFI.

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Live signals
Investing.comHeartland Express earnings up next: Can trucker return to profit? By Investing.comHeartland Express Inc., a truckload carrier based in North Liberty, Iowa, is set to report second-quarter earnings on Wednesday, with analysts expecting earnings per share of less than one cent—a sharp improvement from the six-cent loss reported in the first quarter. Revenue is forecast at $185 million, down 12% year-over-year but up sequentially from $176 million last quarter, as the broader trucking industry experiences capacity constraints and rising spot rates. Investors will closely monitor whether the company's technology integrations across its acquired fleets (CFI, Smith Transport, and Millis Transfer) are delivering promised operational efficiencies and whether sustained profitability can be achieved after recent quarterly losses.GlobeNewswireHeartland Express Closes Acquisition of Contract Freighters Truckload BusinessHeartland Express closed its acquisition of CFI's non-dedicated U.S. dry van and temperature-controlled truckload business from TFI International for $525 million. The deal included a $550 million unsecured credit facility, and Heartland's estimated net leverage ratio was about 1.25x at closing.GlobeNewswireTFI International Closes on Previously Announced Agreement to Sell CFI’s Truckload, Temp Control and Mexican Logistics Businesses to Heartland ExpressTFI International closed on its agreement to sell CFI's truckload, temp control, and Mexican non-asset logistics businesses to Heartland Express for $525 million. Heartland paid an additional $24 million for TFI to retain pre-closing accident and workers' compensation claims.Logistics ManagementIn truckload blockbuster acquisition, Heartland buys CFI for $525 millionHeartland Express is acquiring Contract Freighters Inc.'s non-dedicated U.S. dry van and temperature-controlled truckload business, along with its Mexican logistics operations, from TFI International for $525 million. The transaction positions Heartland as the eighth-largest truckload fleet in the U.S., combining approximately 5,550 tractors and enhancing its cross-border capabilities through nearshoring opportunities.Heavy Duty TruckingHeartland Express Buys CFI's Truckload OperationsHeartland Express announced the acquisition of Contract Freighters' non-dedicated truckload business from TFI International for $525 million, creating a major player in the irregular-route truckload sector. The deal will expand Heartland's fleet, particularly strengthening its cross-border and nearshoring capabilities, and is expected to close in Q3 2022. CFI will continue operating under its existing brand and management, with the integration focusing on operational synergies.GlobeNewswireHeartland Express to Acquire Contract Freighters Truckload Business for $525 MillionHeartland Express agreed to acquire CFI's U.S. dry van and temperature-controlled truckload business from TFI for $525 million. The deal would make Heartland the 8th largest truckload fleet in the U.S., with estimated annual revenue of $1.3 billion. The transaction is expected to close in Q3 2022 and be immediately accretive to earnings.Transport TopicsFleets Sustain Safety Culture Through Driver Relationships, TechnologySenior executives from major trucking carriers including CFI (TFI International), Estes Express Lines, Pitt Ohio, and Bettaway Supply Chain Services discussed how their companies sustain safety culture through a combination of driver relationships, trust-based management, and technology investments. These fleets rely on telematics, in-cab cameras, and driver coaching platforms provided by companies like Idelic and Lytx to reduce accidents and improve driver retention. Idelic reported that after one year of using its platform, a large national fleet saw its accident rate per million miles decline by 43%, while another midsize fleet experienced a 20% reduction in driver turnover.PR NewswireCFI Realizes Immediate and Ongoing Safety Improvement After Installing SmartDrive Video-Based Safety ProgramCFI, a North American truckload carrier and subsidiary of TFI International Inc., has reported significant safety improvements after deploying SmartDrive Systems' video-based safety program across its fleet. Over 18 months, the implementation led to a 73% improvement in safety scores, reduced DOT accident frequency, and lower costs per accident. The company expanded the initial pilot from 500 vehicles to its entire fleet of 2,000 units based on these positive operational results.Heavy Duty TruckingTA Logistics Expands Service Footprint, Resources with Sister CompaniesTA Logistics announced an expansion of its service capabilities by incorporating assets from Transport America, CFI, and CFI Logistics. The move aims to enhance its logistics solutions including truckload capacity, freight brokerage, and supply chain management, with a focus on serving eCommerce logistics needs.Heavy Duty TruckingCFI Logistics, TForce Integrate Final-Mile Expedited LogisticsTFI International has launched a new integrated logistics service by combining the final-mile delivery capabilities of TForce with the middle-mile trucking and planning expertise of CFI Logistics. This partnership aims to support high-velocity, time-definite supply chain operations for ecommerce orders through same-day delivery and optimized transportation management.