On the Record · Heartland Express
Heartland Express acquisitions, on the record
The businesses Heartland Express bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Smith TransportWord for word“On May 31, 2022, Heartland Express, Inc. of Iowa acquired Smith Transport, a truckload carrier headquartered in Roaring Spring, Pennsylvania.” 10-K for 2023 | acquisition | On May 31, 2022 | — |
CFI's non-dedicated U.S. dry van and temperature-controlled truckload business located in Joplin, Missouri, and certain Mexican entities (collectively "CFI Logistica")Word for word“On August 31, 2022, Heartland Express, Inc. of Iowa acquired CFI's non-dedicated U.S. dry van and temperature-controlled truckload business located in Joplin, Missouri, and certain Mexican entities (collectively "CFI Logistica") operations located in Mexico.” 10-K for 2023 | acquisition | On August 31, 2022 | — |
four of our properties (terminal properties)Word for word“Over the last three years we have invested $106.5 million in terminal properties while also divesting of four of our properties for a combined $98.8 million gain.” 10-K for 2023 | divestiture | Over the last three years | $98.8 million gain |
CFI's non-dedicated U.S. dry van and temperature-controlled truckload business located in Joplin, Missouri, and certain Mexican entities (collectively "CFI Logistica") operations located in MexicoWord for word“On August 31, 2022, Heartland Express, Inc. of Iowa acquired CFI's non-dedicated U.S. dry van and temperature-controlled truckload business located in Joplin, Missouri, and certain Mexican entities (collectively "CFI Logistica") operations located in Mexico.” 10-K for 2024 | acquisition | August 31, 2022 | — |
CFIWord for word“In addition to past organic growth through the development of our operating areas, we have completed ten acquisitions since 1986 with the most recent and our fifth acquisition since 2013, CFI, occurring on August 31, 2022 following the acquisition of Smith Transport on May 31, 2022.” 10-K for 2025 | acquisition | August 31, 2022 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $86.7 million | $32.2 million |
| 2018-12-31 | $0 | $0 |
| 2019-12-31 | $61.9 million | $35.9 million |
| 2020-12-31 | $0 | $0 |
| 2021-12-31 | $0 | — |
| 2022-12-31 | $675.9 million | — |
| 2023-12-31 | $0 | — |
| 2024-12-31 | $0 | — |
Deal filings since 2016
- 2022-08-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-08-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-06-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-06-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-09-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-09-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Heartland Express’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.