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Truckload carrier adds trucks, seeks drivers as tight capacity spurs demand
Heartland Express increased its profit 35.3 percent year-over-year to $22.5 million as operating revenue rose 7 percent to $137.2 million in the second quarter.
The North Liberty, Iowa, truckload carrier is one of the most profitable companies in trucking, with an operating ratio of 76.2 percent and a 16.4 percent net margin.
Heartland could have been more profitable if it had more drivers. The company said it is “challenged by the shrinking pool of qualified drivers” and rising fuel costs.
Fuel payments rose by $11.3 million or 36.4 percent from a year ago to $42.3 million. Fuel surcharges surged 50.4 percent to $29.7 million in the quarter....................
Heartland Express Profit Jumps 35.3 Percent | Journal of Commerce
Heartland Express increased its profit 35.3 percent year-over-year to $22.5 million as operating revenue rose 7 percent to $137.2 million in the second quarter.
The North Liberty, Iowa, truckload carrier is one of the most profitable companies in trucking, with an operating ratio of 76.2 percent and a 16.4 percent net margin.
Heartland could have been more profitable if it had more drivers. The company said it is “challenged by the shrinking pool of qualified drivers” and rising fuel costs.
Fuel payments rose by $11.3 million or 36.4 percent from a year ago to $42.3 million. Fuel surcharges surged 50.4 percent to $29.7 million in the quarter....................
Heartland Express Profit Jumps 35.3 Percent | Journal of Commerce