CF Signs Letter of Intent to Sell Canadian Freightways
Consolidated Freightways Corp. (CF) has signed a letter of intent with CF Canada Acquisition Ltd. to sell the assets of its Canadian subsidiary, Canadian Freightways Ltd. (CFL)
Consolidated Freightways Corp. (CF) has signed a letter of intent with CF Canada Acquisition Ltd. to sell the assets of its Canadian subsidiary, Canadian Freightways Ltd. (CFL),
and the assets of certain of CFL's subsidiaries.
The agreement contemplates a purchase price of about $90 million, including assumption of liabilities.
CFCAL is a group comprised of current CFL senior management and a financial partner.
Last week, the bankruptcy court issued a bidding procedure order. Final sale requires completing a definitive agreement incorporating the conditions of the letter of intent as well as other conditions, and securing approval of the transaction by the court.
CFL is an industry leading supply chain services company, specializing in time-sensitive and expedited services. Operations in Canada and the United States include less-than-truckload, full load and parcel transportation, sufferance warehouses, customs brokerage, international freight forwarding, fleet management and logistics management. Canadian Freightways won the 2002 Consumers Choice Award for best transportation company in Calgary and Edmonton.
CFL is financially and operationally independent from CF and is not part of the September 2002 bankruptcy proceedings filed by the parent company.
Documents related to all of CF's asset sales, including those involving the sale of CFL, are posted at the company's web site at www.cf.com.
More Drivers
Short Takes: Inside K&B’s Truck Safety Tech
Listen to learn how K&B Transportation uses cellphone-blocking technology, speed management systems, weather geofencing, bridge avoidance tools, and more to improve driver safety.
Read More →
Nussbaum Expands Driver Compensation with Pay Raises, Profit Sharing
Nussbaum Transportation said its latest compensation package could push first-year driver earnings above $90,000 in key hiring markets.
Read More →Listen: Inside Modern Fleet Safety: AI, Cameras & Speed Control at K&B Transportation
Fleet safety is evolving fast—and technology is at the center of it. Learn how a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.
Read More →
Maverick Announces 2026 Driver Pay Raises
New raises for Maverick Transportation drivers will take effect on May 31, 2026.
Read More →
Illinois Trucker Indicted for Nearly $22,000 in Ohio Turnpike Toll Evasion
Authorities say an Illinois trucker avoided paying tolls for two years, and now faces felony charges, possible prison time, and forfeiture of his Freightliner tractor.
Read More →
New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
WIM, Trucker Path Name Top 3 Women-Friendly Truck Stops
ATA’s Women In Motion Council and Trucker Path highlight three truck stops that meet all seven safety-focused criteria and rank highest among female drivers.
Read More →
FMCSA Extends Paper Medical Card Exemption … Again
Five states still aren't ready to accept commercial driver medical exam information directly from the medical examiner's registry.
Read More →
Mack Launches Digital Driver Guide for Chassis-Specific Truck Info
Mack’s new, virtual owner’s manual delivers VIN-based, on-demand guidance for vehicle systems via web, app, and soon in-cab displays.
Read More →
Western Star Showcases Truckers' Pride and Skill
Western Star is expanding its Star Nation Experience in 2026, adding new competitions and dealer participation to highlight operator skills and promote careers in trucking.
Read More →
