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Heartland Express announces that it acquired dry van truckload carrier Millis Transfer for ~$150M.

The company says it’s impressed with the high quality of the Millis Transfer driving professionals and the organization’s safety profile.

Heartland plans to fund the purchase price and pay off the assumed debt with existing cash.  Looking ahead, Heartland expects to end the year with approximately $50M to $60M in cash, zero debt and approximately $90M available under its revolving line of credit.

Read More – www.seekingalpha.com

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