Central Freight Lines withdraws IPO

    Feb. 7, 2003
    LTL carrier Central Freight Lines Inc. said it has withdrawn its proposed initial public offering (IPO) of up to $74.75 million of stock, according to a regulatory filing. Waco, TX-based Central Freight, which originally filed with the Securities and Exchange Commission for the IPO in May 1999, said it intends to file a new registration statement shortly. The company had said it would use net proceeds
    LTL carrier Central Freight Lines Inc. said it has withdrawn its proposed initial public offering (IPO) of up to $74.75 million of stock, according to a regulatory filing.

    Waco, TX-based Central Freight, which originally filed with the Securities and Exchange Commission for the IPO in May 1999, said it intends to file a new registration statement shortly.

    The company had said it would use net proceeds to retire all long-term debt except its real-estate financing, buy new trucks and for general corporate purposes.

    About the Author

    Tim Parry

    Tim Parry is a former FleetOwner editor. 

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Continue Reading

    Sponsored Recommendations

    What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
    The most successful fleets accomplish more than delivering freight. To accomplish this, fleets need a fuel that’s reliable, more economical and more sustainable. That fuel is ...
    Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
    Learn how eets can enhance truck utilization and minimize safety incidents using business intelligence and AI. Delve into innovative practices, technology integration and real...