Heartland Express’ 2Q Earnings, Revenue Rise
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Heartland also said it purchased 500 new trailers in the quarter from Wabash National.
ruckload carrier Heartland Express Inc. said Monday its second-quarter net income rose 12.3% to $17.6 million or 24 cents a share, compared with $15.7 million or 21 cents a year earlier.
Heartland’s revenue rose 13.5% to $128.9 million, the company said in a statement.
The carrier reported an operating ratio of 80.4% and said it is continuing to replace its entire tractor fleet. Delivery of new trucks and trade-ins is scheduled to be complete by December 2006.
Heartland Express is ranked No. 46 on the Transport Topics 100 listing of the largest U.S. and Canadian trucking companies.
