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Contract Freighters, Inc.

From Wikipedia, the free encyclopedia
American truckload carrier

Contract Freighters, Inc.
CFI logo, italic, capital letters CFI in red
CFI Logo used since 2016
Tractor-trailer in front of large, multi-story office building, CFI headquarters in Joplin. Tractor is painted red with a white CFI logo on the face of the roof fairing. Trailer is painted white with a red CFI logo on the side near the tail.
Truck in CFI livery parked in front of the company's Joplin headquarters.
CFI
Formerly
  • Con-way Truckload (2007–2015)
  • XPO, Inc. (2015–2016)
Company typeSubsidiary
IndustryTransportation
Founded1951; 75 years ago (1951) inJoplin, Missouri
Founders
  • Roy Reed
  • Ursull Lewellan
HeadquartersJoplin, Missouri
Number of locations
Number of employees
3,569
Parent
Websitecfidrive.com

Contract Freighters, Inc. (CFI), a subsidiary ofHeartland Express, is an Americantruckload freight carrier headquartered inJoplin, Missouri, with operations in thecontinental United States, Canada, and Mexico. CFI provides point-to-point, full truckload, dry van service, as well as refrigerated transport, and utilizes single drivers as well as two-person driver teams over long-haul routes.

CFI was owned byCon-way, Inc. from 2007 to 2015 and known asCon-way Truckload. For a short period between 2015 and 2016, the company was owned byXPO, Inc. and known asXPO, Inc. Truckload. In 2016, it was acquired by Canadian logistics companyTFI International, who returned it to its pre-2007 operations as a standalone truckload company under its original name, CFI. TFI sold the company to Heartland in 2022.

History

[edit]

Contract Freighters, Inc (CFI) was founded in 1951 in Joplin, Missouri by Roy Reed and Ursull Lewellan. The company began with one tractor and two trailers,[1] and generated revenues of $12,000 during its first year.

CFI expanded services into Mexico providing through-trailer service since 1985. The first international office opened in 1987 in Monterrey, Mexico. One year later, the first Canadian office opened in Toronto. There are now 37 sales offices and four terminal locations in addition to the headquarters in Joplin.

Continued and consistent growth led to the expansion of the company's headquarters in 1993. The 300-acre site is home to the company's administrative offices, maintenance facilities, wash bay, and local driver services.

Equipment upgrades grew as rapidly as office locations. The first 48-foot trailer was purchased in 1986. Just three years later, the first air-ride trailer was delivered. Con-way Truckload, as CFI, was the first carrier to operate a 100% air-ride fleet.[2]

In 2007, Con-way, Inc. determined that to become a viable commercial truckload company, an acquisition would be necessary to augment its existing truckload business which was built to service the needs ofCon-way Freight.[3] To meet this need, Con-way, Inc. acquired Contract Freighters, Inc. (CFI), a privately held North American truckload carrier based in Joplin, Missouri, forUS$750 million. CFI was an industry leader at the time of acquisition, operating over 2,600 tractors and more than 7,000 trailers, with more than 3,000 employees including approximately 2,500 drivers. Previously, Con-way had been CFI's largest customer, accounting for six percent of total revenues.[4]

The combination of Con-way Truckload and CFI provided a number of benefits. CFI had been Con-way Freight's largest provider of contract service for long-haul transcontinental truckload transportation. CFI had operations in Mexico for more than 20 years and was already one of the largest cross-border truckload carriers. Its capabilities could be combined with Con-way Freight's Mexico network andMenlo Worldwide Logistics's border-based logistics operations. The acquisition created a business unit with overUS$500 million in annual revenues for truckload freight.[4]

On October 31, 2015,XPO, Inc., headquartered in Greenwich, Connecticut, acquired Con-way Truckload. On October 27, 2016, XPO sold the truckload division to the Canadian-based companyTFI International.[5] Shortly after, the truckload division was renamed back to its original name, CFI.

CFI's truckload assets were acquired byHeartland Express for $525 million in 2022.[6][7]

Operations

[edit]
Conway Truckload logo and tagline "Never Settle for Less"
CFI operated as Con-way Truckload from 2007 to 2015.

CFI operates from four dedicated truckload terminals and 37 sales offices throughout the United States, Canada and Mexico.[8] As of 2021[update], CFI's operations included approximately 2,000 drivers, over 1,800 tractors, and over 7,000 trailers plus 700 contractedowner-operators.[1]

Divisions

[edit]

In addition to its core truckload operations, CFI operates several divisions:[9]

  • CFI Logistics: Logistics and transportation management services in the US, Canada, and Mexico including cross-border services
  • CFI Mexico: Domestic logistics management and transportation services in Mexico plus cross-border services between the US and Mexico. CFI Mexico operations consist of two divisions:
    • CFI Logistica: Equivalent of US-based CFI Logistics operating in Mexico
    • CFI de Mexico: Transportation services within Mexico

Operations in Mexico

[edit]

CFI began offering truckload services between the US and Mexico in 1985. In 1987 it opened an international office inMonterrey, Mexico.[2] Since then, the company has expanded to also offer domestic Mexican logistics and transportation services. In 2020, CFI combined its existing Mexico divisions, CFI Logistica and CFI Mexico Truckload (later renamed CFI de Mexico), as subdivisions under a new division of CFI, CFI Mexico. According to the company, it had managed 62,000 cross-border shipments between the US and Mexico and 27,000 domestic Mexico LTL shipments in the previous year.[10] As of 2021[update], the company operates a total of 12 facilities in Mexico.[9]

CFI Mexico and its two divisions, CFI Logistica and CFI de Mexico, are headquartered in theWorld Trade Center Guadalajara inGuadalajara, Jalisco, Mexico. CFI Mexico also has a major facility inLaredo, Texas which it shares with CFI Logistics for management of services between the US and Mexico.[9]

Military support

[edit]

CFI participates in the US Department of Labor National Apprenticeship Program, which permits eligible veterans and active members of the Guard and Reserves to receive paid on-the-job training usingG.I. Bill benefits.[11] Fourteen percent of CFI's employees are self-selected veterans. The company has a history of supporting veteran associated charitable groups includingWreaths Across America, The Wall that Heals and Holy Joe's Café.

References

[edit]
  1. ^ab"CFI Celebrates 70 Years in Business".Transport Topics. October 15, 2021.Archived from the original on October 15, 2021. RetrievedOctober 27, 2021.
  2. ^ab"About Con-way Truckload: History". Archived fromthe original on December 27, 2010. RetrievedAugust 12, 2009.
  3. ^"Con-way Freight website".Con-way. Archived fromthe original on June 25, 2009. RetrievedAugust 12, 2009.
  4. ^abRoberts, Chris (July 22, 2007)."California company acquires Joplin-based CFI for $750M".Springfield Business Journal.Archived from the original on October 27, 2021. RetrievedOctober 27, 2021.
  5. ^Lockridge, Deborah (October 28, 2016)."CFI Name Returns With TransForce Acquisition".www.truckinginfo.com.Archived from the original on August 5, 2021. RetrievedOctober 27, 2021.
  6. ^"Heartland Express buys CFI's truckload operations for $525 million".KCRG-TV. August 22, 2022. RetrievedNovember 17, 2025.
  7. ^Maiden, Todd (August 22, 2022)."Heartland Express acquires CFI assets for $525 million".FreightWaves. RetrievedNovember 17, 2025.
  8. ^"About Con-way Truckload". Archived fromthe original on December 26, 2010. RetrievedAugust 12, 2009.
  9. ^abc"CFI expands logistics to a new facility in Texas".The Trucker News. February 23, 2021.Archived from the original on March 2, 2021. RetrievedOctober 27, 2021.
  10. ^Mahoney, Noi (October 11, 2020)."Borderlands: CFI expands cross-border services; $2.7M in marijuana found in toilet shipment".FreightWaves.Archived from the original on September 15, 2021. RetrievedOctober 27, 2021.
  11. ^"Con-way Truckload Supports Military Veterans with Truck Driver Apprenticeship Program".Con-way (Press release). September 24, 2008. Archived fromthe original on February 19, 2014. RetrievedJanuary 27, 2014.

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