CF selling off Canadian subsidiaries

| 3/13/2003

Consolidated Freightways Corp. announced it had signed a letter of intent to sell some of its Canadian assets to CF Canada Acquisition Ltd., according to Bankruptcy Data News.

Included in the sale are the assets of Canadian Freightways Ltd. and assets of certain CFL subsidiaries. The agreement mentions a potential purchase price of $90 million, including assumption of liabilities.

--by Rene Tankersley, feature editor