Heartland Express Posts A Clean Quarter Amid "Softer Freight Demand"
Heartland Express, Inc. (NASDAQ: HTLD ) reported third quarter earnings of $0.25 per share, in-line with the consensus estimate and $0.02 ahead of the prior year period. The North Liberty, Iowa-based truckload (TL) carrier reported a 2.2% year-over-year revenue decline in the quarter to $147.9 million. Revenue excluding fuel surcharges was only down 0.3%. Heartland does not provide any operating metrics around utilization and pricing. Heartland Express' Key Performance Indicators Operating income increased 6.4% year-over-year to $26.7 million, but it's worth mentioning that the company recorded a $5.4 million increase in gains on the sale of equipment and property compared to the third quarter of 2018. These gains were partially offset by the acquisition impacts of Millis Transfer , a dry van asset-based TL carrier with … Full story available on Benzinga.com
Heartland Express Posts A Clean Quarter Amid "Softer Freight Demand"
Heartland Express, Inc. (NASDAQ: HTLD ) reported third quarter earnings of $0.25 per share, in-line with the consensus estimate and $0.02 ahead of the prior year period. The North Liberty, Iowa-based truckload (TL) carrier reported a 2.2% year-over-year revenue decline in the quarter to $147.9 million. Revenue excluding fuel surcharges was only down 0.3%. Heartland does not provide any operating metrics around utilization and pricing. Heartland Express' Key Performance Indicators Operating income increased 6.4% year-over-year to $26.7 million, but it's worth mentioning that the company recorded a $5.4 million increase in gains on the sale of equipment and property compared to the third quarter of 2018. These gains were partially offset by the acquisition impacts of Millis Transfer , a dry van asset-based TL carrier with … Full story available on Benzinga.com