Heartland Express said a prolonged period of soft freight demand, excess truck capacity and cost inflation were the reasons for a $15.1 million net loss in the 2024 first quarter.
On Tuesday, the North Liberty, Iowa-based truckload carrier reported a 19-cent-per-share loss for the period, 7 cents worse than the consensus estimate and 35 cents worse year over year (y/y). This was the company’s third straight net loss when excluding one-time gains from the sale of real estate. (It booked $25.6...
https://www.freightwaves.com/news/heartland-express-books-another-net-loss