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Heartland Express Expansion
NORTH LIBERTY (CBS2 /FOX 28) --
Local trucking company, Heartland Express, today announced it has bought Gordon Trucking based out of Washington state.
Gordon Trucking was valued at about $300 million.
Heartland bought 100% of the company, paying $150 million for their debt, and $150 million to Gordon's stockholders.
With the purchase, Heartland estimates it will be the 50th largest truckload fleet in North America.