heartland express

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
Business

Heartland Buys Interstate Distributor From Saltchuk for $113 Million

Interstate trailer Casey Royce/Interstate Distributor Driver

Heartland Express Inc. has purchased Interstate Distributor Co. from owner Saltchuk Resources Inc. in a $113 million deal that is the latest in a flurry of mergers and acquisitions in 2017.

Ari Ashe | Staff Reporter
July 6, 2017
Business

Heartland Profits Drop 2.3% but Beat Analyst Forecasts

Heartland Express

Heartland Express Inc. reported profits fell 2.3% after a sharp decline in revenue due to the soft freight environment and poor weather in the western United States.

Ari Ashe | Staff Reporter
April 21, 2017
Business

Heartland Profits, Revenue Decline

Heartland Express

Truckload carrier Heartland Express remained strongly profitable but less so than a year ago as net income and revenue declined due to a tough pricing environment.

January 26, 2017
Business

Heartland Express Net Income Rises 38%

Heartland Express Inc.

Heartland Express Inc., in North Liberty, Iowa, reported second-quarter net income rose 38% to $26.5 million, or 30 cents per share, from $19.1 million, or 23 cents, reflecting the effects of its late 2013 acquisition of Gordon Trucking.

July 22, 2014
Business

Heartland Express’ 1Q Net Income Falls 29%

Heartland Express

Heartland Express’ first-quarter income fell 29% to $14.1 million, or 16 cents per share, as winter weather-related cost increases drove down profits.

Rip Watson | Special to Transport Topics
April 23, 2014
Business

Heartland Express Net Income Rises 11%

Heartland Express

Heartland Express Inc. net income rose 11% to $15.8 million, or 18 cents per share, from $14.3 million, or 17 cents per share, as fourth-quarter results reflected the acquisition of Gordon Trucking Inc. late last year.

Rip Watson | Special to Transport Topics
February 5, 2014

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