Ananyst Gives Thumbs-Up to Heartland Express, UTi Worldwide

June 1, 2001
According to analyst John Barnes of Deutsche Banc Alex. Brown, truckload carrier Heartland Express and freight forwarder UTi Worldwide, Inc., are two transportation companies poised to do well this year. Barnes said he believes Heartland Express has the ability to sustain profitability and strong operating performance despite the current tough economic environment. He also noted that the company has
According to analyst John Barnes of Deutsche Banc Alex. Brown, truckload carrier Heartland Express and freight forwarder UTi Worldwide, Inc., are two transportation companies poised to do well this year.

Barnes said he believes Heartland Express has the ability to sustain profitability and strong operating performance despite the current tough economic environment. He also noted that the company has one of the strongest balance sheets among truckload carriers, with approximately $128 million in cash and zero debt.

Further, he stated that Heartland, with its short- to medium-haul focus, is well positioned to take advantage of the trend towards more regional shipping patterns.

On the logistics side, Barnes expects UTi Worldwide is positioned well to profit from the logistics sector over the long term. In his opinion, UTi’s emergence as a major factor in the international freight forwarding arena, coupled with its global network and solid management team, should provide a good foundation for the company to grow profitably.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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