Business

Heartland Acquires Millis Transfer for $150 Million

A Heartland Express truck outside its headquarters Heartland Express

Heartland Express Inc. has acquired dry van truckload carrier Millis Transfer Inc. and related entities for about $150 million, citing the quality of the company’s drivers and its safety profile, among other factors.

Roger Gilroy | Staff Reporter
August 27, 2019
Business, Logistics, Top 100

Heartland Express Reports Strong 2Q Earnings

Heartland Express truck Heartland Express Inc.

Heartland Express Inc. reported July 18 another quarter of profit improvement despite a weakening freight environment in the second quarter of 2019.

Dan Ronan | Associate News Editor
July 18, 2019
Business, Logistics, Top 100

Heartland Express Continues to Post Profit Improvement

Heartland Express truck Heartland Express Inc.

Heartland Express Inc. reported another quarter of profit improvement despite a weakening freight environment and bad weather in the first quarter of 2019.

Daniel P. Bearth | Staff Writer
April 22, 2019
Business

Heartland Express Sees Profits Jump as Fleet Gets Smaller

Heartland Express TruckPR

Heartland Express reported lower revenue but higher profits in the fourth quarter of 2018 as the company continues a program to shrink its fleet and re-establish itself as one of the nation’s most efficient truck operators.

Daniel P. Bearth | Senior Staff Writer
January 22, 2019
Business, Fuel, Logistics, Top 100

Heartland Profits Jump 22% in 2Q as Revenue Rises

Heartland Express truck Heartland Express

Heartland Express reported second-quarter net income of $17.8 million, or 22 cents per share, a 22% increase from $14.6 million, or 18 cents, recorded in the second quarter of 2017.

July 19, 2018
Business, Top 100

Heartland Express Posts Mixed Results in 1Q

Heartland Express Truck TT File Photo

Heartland Express reported first-quarter net income of $13.4 million, or 16 cents earnings per share. In comparison, first-quarter 2017 net income was $14 million, or 17 cents per share. Analysts had predicted earnings per share of 11 cents.

Burney Simpson | Staff Reporter
April 25, 2018
Business

Heartland Express Profits Hurt by IDC Acquisition

Heartland Express truck Heartland Express

Heartland Express reported weaker financial results for the fourth quarter and for the year 2017 as revenue fell well short of analysts’ expectations and profits were dragged down by the acquisition of Interstate Distributor Co. in July. The company also paid out more to attract and retain drivers.

February 13, 2018
Business

Heartland Revenue Drops About 20%, Profits Down 11%, but CEO Remains Optimistic

Heartland Express truck Heartland trucks did shorter second-quarter hauls, causing profits to drop. (Heartland Express)

Heartland Express Inc. reported that profits slipped 11% year-over-year after a significant decline in revenue, excluding fuel surcharges, due to shorter hauls during the second quarter.

Ari Ashe | Staff Reporter
August 2, 2017
Business

Heartland Promises Quick Changes After IDC Acquisition; IDC CEO Marc Rogers Not Retained

Heartland Express Inc. will rapidly consolidate Interstate Distributor Co. after acquiring the Tacoma, Wash.-based carrier for $113 million on July 6.

Ari Ashe | Staff Reporter
July 11, 2017
Business

Two Major Deals Mark Consolidation Trend; Heartland Buys IDC, Daseke Gets Steelman Cos.

Heartland Express truck John Sommers II for Transport Topics (Interstate inset by Casey Royce/Interstate Driver)

Two major truckload carriers have announced purchases, and one of the transactions will unite companies ranked among the Transport Topics Top 100 list of the largest North American for-hire carriers: Heartland Express and Interstate Distributor Co.

Jonathan S. Reiskin | Associate News Editor
Ari Ashe | Staff Reporter
July 6, 2017

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