• Heartland has healthy 1Q

    Truckload carrier Heartland Express said its gross revenues increased 1.9% for the first quarter of 2002, with net income rising 6.8%. The Corallville, IA-based carrier said revenues for the quarter increased to $73.3 million, compared to $71.9 million in the first quarter of 2001. Net income jumped up to $9.5 million, compared to $8.9 million in the same quarter last year. For the quarter, Heartland
    April 19, 2002
    Truckload carrier Heartland Express said its gross revenues increased 1.9% for the first quarter of 2002, with net income rising 6.8%.

    The Corallville, IA-based carrier said revenues for the quarter increased to $73.3 million, compared to $71.9 million in the first quarter of 2001. Net income jumped up to $9.5 million, compared to $8.9 million in the same quarter last year.

    For the quarter, Heartland posted an operating ratio of 81.3% and a 13.0% net margin. By comparison, it reported an operating ratio of 83.1% and a net margin of 12.4% in the first quarter of 2001. The carrier also said it ended the first quarter with cash, cash equivalents, and investments of $171.4 million, a $10.3 million increase over the $161.1 million reported at the end of last year, with no debt on its balance sheet.

    About the Author

    Sean Kilcarr

    Editor in Chief

    Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.

     

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from News

    Yevheniia Ryzhova | Dreamstime.com
    Why Clear Communication is Key to Retaining Happy, Motivated Drivers
    Drivers want to be seen. Supported. Heard. And they can tell when it’s genuine and when it’s just for show.
    J.B. Poindexter & Co.
    DCBM brand ambulances
    Parent company of work truck upfitting giants Reading Truck and Morgan Olson expands into the emergency vehicle market with the addition of one of North America’s largest ambulance...
    Oxy
    Occidental Chemical, known as OxyChem, produces indispensable chemicals internationally. This small private fleet covers about 2.5 million miles annually, delivering products to customers across the U.S.
    Members Only
    Leadership and training turned this chemical bulk hauler into one of the safest fleets in the U.S. Intensive training and experience pay off for Oxy's Occidental Chemical transportation...