Heartland Express

Heartland posts Q4 loss but sees positive shift for Q1

Heartland posts Q4 loss but sees positive shift for Q1
(Table: Heartland/FreightWaves)

Iowa-based truckload carrier Heartland Express reported its sixth consecutive quarterly net loss (excluding one-time gains) in its Q4 earnings report. The company posted a net loss of $1.9 million. For the 12 months ending Dec. 31, 2024, operating revenue was $1 billion, with an operating loss of $20.2 million. 

Despite the ongoing financial challenges, CEO Mike Gerdin expressed cautious optimism regarding the...

https://www.freightwaves.com/news/heartland-posts-q4-loss-but-sees-positive-shift-for-q1

Heartland Express logs sixth straight quarter in the red

Truckload carrier Heartland Express posted a sixth straight quarterly net loss (excluding one-time gains) but noted some improvement in fundamentals so far in the new year.

North Liberty, Iowa-based Heartland (NASDAQ: HTLD) reported a net loss of $1.9 million, or 2 cents per share, for the 2024 fourth quarter (just a 1-cent loss when excluding deal-related amortization expense). The result was better than the consensus expectation of a 4-cent loss for the period.

The carrier reported headline...

https://www.freightwaves.com/news/heartland-express-logs-sixth-straight-quarter-in-the-red

Losses at Heartland Express continue to mount

Truckload carrier Heartland Express reported a third-quarter net loss on Tuesday as it continues “to be hampered by a challenging freight environment.”

A $9.3 million net loss (12 cents per share) marked a fifth consecutive quarter in the red for the North Liberty, Iowa-based company when excluding one-time gains from real estate sales. Analysts were calling for just a 1-cent loss.

Lower gains on the sale of used equipment were a 1-cent headwind (assuming a normalized tax rate) versus the...

https://www.freightwaves.com/news/losses-at-heartland-express-continue-to-mount

Marten’s earnings and almost all other key operating metrics down

(Editor’s note: A table posted yesterday by FreightWaves of key financial and operational data from Marten had errors. That table has been removed. The accompanying table is accurate).

Third-quarter earnings at Marten Transport were negative almost across the board, with little sign of a truckload market recovery visible in the numbers.

The company was profitable; it posted net earnings of 5 cents per share, down from 17 cents in the third quarter of 2023 and 10 cents per share in the second...

https://www.freightwaves.com/news/martens-earnings-and-almost-all-other-key-operating-metrics-down

Heartland Express says recovery likely in 2025

Heartland Express reported a net loss for the second quarter on Tuesday, pointing to weak freight demand, excess capacity and higher expenses as the culprits.

The North Liberty, Iowa-based truckload carrier reported a $3.5 million net loss, or 4 cents per share. That was slightly better than the consensus estimate for a 5-cent-per-share loss but well off earnings per share of 10 cents in the 2023 second quarter. Lower gains on the sale of used equipment presented a 7-cent hurdle (assuming a...

https://www.freightwaves.com/news/heartland-express-says-recovery-likely-in-2025

Heartland Express books another net loss

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

Heartland Express reports another tough quarter

Heartland Express reported net income of $5.1 million for the fourth quarter, which included the benefit of $25.6 million in gains from the sale of three terminals. Excluding the gains, which are unlikely to be replicated on an ongoing basis, the company again booked a notable loss.

“This challenging freight environment combined with two acquisitions in the prior year, have pressured our financial results to a level below our historical results and management expectations,” CEO Mike Gerdin said...

https://www.freightwaves.com/news/heartland-express-reports-another-tough-quarter

Heartland books Q3 loss, cuts unprofitable customers and lanes

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Heartland Express booked a net loss for the 2023 third-quarter, saying the outcome was the result of...

https://www.freightwaves.com/news/heartland-books-q3-loss-cuts-unprofitable-customers-and-lanes

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