Heartland Express reported profit of $19.7 million for the first quarter of 2013, an increase of 19 percent from the $16.6 million reported for the same period in 2012.
Quarterly revenue was $134.3 million, down slightly from $134.8 million in the first quarter of the previous year. With Easter and Good Friday falling in the first quarter, as well as 2012 being a Leap Year, first quarter revenue was negatively impacted by fewer business days, the trucking company said in a written statement.
For the quarter, Heartland Express posted an operating ratio of 77.5 percent, compared with 82.4 percent in the first quarter of last year. Fuel expense continues to have a “significant impact” on operations from quarter to quarter, the company added.