Heartland Express passed the first major mile marker on its route to becoming a billion-dollar truckload operator this year, increasing first-quarter revenue 67.2 percent from a year ago to $224.5 million. Much of that additional cash comes from freshly acquired Gordon Trucking.
25 Mar 2014
When it came to expansion, the 25 largest truckload carriers idled their engines last year, increasing their combined revenue by just 0.6 percent to $25.6 billion. The growth they did enjoy came largely from acquisitions, a trend expected to continue in 2014 as truckload demand rises.
12 Nov 2013
Heartland Express, one of the most profitable truckload carriers in the nation, acquired fast-growing Gordon Trucking for $300 million in cash, assets and debt.
01 Nov 2013
Trucking’s early third quarter earnings reports looked better than might be expected in a sluggish and inconsistent economy. That’s largely because the first publicly owned motor carriers past the quarterly post took advantage of opportunities to move more freight by intermodal rail, diversified their over-the-road services and, most important, protected profit margins in the quarter.
22 Jul 2013
Heartland Express reported net income in the second quarter of 2013 was $19.1 million, increasing 5.0 percent or $0.9 million from $18.2 million in the same period last year.