Heartland Express, Inc. Announces Integration of CFI's U.S. Operations into Heartland Express

Core Viewpoint - Heartland Express, Inc. plans to integrate and rebrand the U.S. operations of Contract Freighters, Inc. (CFI) effective December 31, 2025, aiming to enhance consolidated operating and financial performance [1][2]. Group 1: Integration and Rebranding - The integration of CFI into Heartland Express is seen as a logical step following improvements in CFI's operating performance during 2025, supported by a transportation management system conversion and a unified driver electronic logging device [2]. - CFI's Mexican operations will remain unaffected by this integration [2]. - The integration aims to align CFI drivers' pay packages with those of Heartland Express, offering increased compensation and benefits [2]. Group 2: Operational Impact - Current CFI offices in Joplin, Missouri, West Memphis, Arkansas, and Laredo, Texas, will be maintained, and all current CFI employees will have the opportunity to continue their employment with Heartland Express [2]. - Drivers will have the option to choose from various pay packages and can operate within other subsidiaries, Millis Transfer, LLC, or Smith Transport, LLC [2]. - The integration is expected to increase fleet capacity, enhancing service delivery to customers [2]. Group 3: Financial Considerations - The company is assessing the potential impact of the integration and rebranding on the value of goodwill and other intangible assets associated with CFI [3].