Capable carriers like Heartland should benefit from periodic capacity constraints in years ahead.
Truckload shipping specialist Heartland Express’ revenue net of fuel surcharges contracted 17% relative to the same period last year. Revenue trends fell short of our expected run rate for the year, likely because of lower tractor utilization and persistent pricing pressure. Operating margins also came in shy, and we suspect the shortfall derives from lost leverage from declines in loaded miles and rising driver wages. We tempered are load-volume growth and profitability forecasts for 2016, and ...Heartland Express is a holding company. Through its subsidiaries, the company is engaged as a short-to-medium haul truckload carrier. The company primarily provides asset-based dry van truckload service for shippers from Washington to Florida and New England to California. The company also provides temperature-controlled truckload services, which are not significant to its operations. The company operates terminal facilities throughout the contiguous United States in addition to its terminal and corporate headquarters in North Liberty, IA.
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