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, 2018heartland express
Business 
Heartland trucks did shorter second-quarter hauls, causing profits to drop. (Heartland Express)
Heartland Revenue Drops About 20%, Profits Down 11%, but CEO Remains Optimistic
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.
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.
July 11, 2017 Business 
John Sommers II for Transport Topics (Interstate inset by Casey Royce/Interstate Driver)
Two Major Deals Mark Consolidation Trend; Heartland Buys IDC, Daseke Gets Steelman Cos.
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.
July 6, 2017 Business 
Casey Royce/Interstate Distributor Driver
Heartland Buys Interstate Distributor From Saltchuk for $113 Million
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.
July 6, 2017 Business 
Heartland Express
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.
April 21, 2017 Business 
Heartland Express
Heartland Profits, Revenue Decline
Heartland ExpressTruckload 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 Inc.
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
Heartland Express’ 1Q Net Income Falls 29%
Heartland ExpressHeartland Express’ first-quarter income fell 29% to $14.1 million, or 16 cents per share, as winter weather-related cost increases drove down profits.
April 23, 2014 Business 
Heartland Express
Heartland Express Net Income Rises 11%
Heartland ExpressHeartland 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.
February 5, 2014