Heartland’s First-Quarter Profit Rises 25%
Truckload carrier Heartland Express said Wednesday its first quarter profit rose 25% from a year ago on higher freight demand, while citing concerns over tight driver availability.
Net income rose to $14.9 million, or 16 cents per share, from $11.9 million, or 13 cents, a year ago. Revenue rose 10.4% to $127.7 million.
Heartland’s average tractor age was 1.85 years as of the end of the quarter, with 94.1% of its fleet 2009 models and newer.
It said it took delivery of 148 International 2012 ProStar trucks and 638 Great Dane and Wabash 2012 trailers in the first quarter.
Heartland Express is ranked No. 46 on the Transport Topics 100 listing of U.S. and Canadian for-hire trucking companies.
