Heartland Profit Withstands Trucking Downturn

Cybergal

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Heartland Profit Withstands Trucking Downturn
4/16/09
Controlling fuel costs drives higher efficiency for truckload carrier

Truckload carrier Heartland Express remained profitable in the first quarter despite a 22.8 percent drop in revenue and sinking demand for freight capacity.
Net income at the North Liberty based short-haul to medium-haul carrier fell 4.1 percent to $14.1 million compared with $14.7 million in the first quarter a year ago. Revenues declined from $149 million to $115 million. The carrier’s operating ratio, a key measure of operating efficiency, improved to 83.4 percent in the quarter from 86.7 percent in the same period a year ago.
Heartland Profit Withstands Trucking Downturn | Journal of Commerce