sector: Industrials ·
industry: Rails & Roads - Freights ·
As of
25 Nov 2009
14.96USD
Heartland Express, Inc. (Heartland) is a short-to-medium haul truckload carrier. The Company provides regional dry van truckload services from its nine regional operating centers. The Company transports freight for shippers and generally earns revenue based on the number of miles per load delivered. The Company’s primary traffic lanes are between customer locations east of the Rocky Mountains. Heartland Express, Inc. is a holding company of Heartland Express Inc. of Iowa, Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc., and A & M Express, Inc. The Company's primary customers include retailers and manufacturers. Heartland operates nine specialized regional distribution operations in Atlanta, Georgia; Carlisle, Pennsylvania; Chester, Virginia; Columbus, Ohio; Jacksonville, Florida; Kingsport, Tennessee; Olive Branch, Mississippi; Phoenix, Arizona and Seagoville, Texas.
BRIEF: For the nine months ended 30 September 2009, Heartland Express, Inc.'s revenues decreased 29% to $345.3M. Net income decreased 9% to $46.3M. Revenues reflect a reduction in fuel prices period over period translated into lower fuel surcharges. Net income was partially offset by a decrease in salaries, wages & benefits expenses, lower rent & purchased transportation, decreased fuel expenses and an increased gain on disposal.
Heartland Express Inc
901 N Kansas Ave.
North Liberty IA 52317
P: +1319.6263600
F: +1319.6263355