Heartland's Income, Revenue Rise in Third Quarter
ruckload carrier Heartland Express said Thursday that its third-quarter income was $17.5 million or 20 cents a share, an increase from $17.1 million or 23 cents a year earlier.
Heartland’s revenue rose 16.1% to $136.2 million, the company said in a statement.
The carrier reported an operating ratio of 81.4% for the quarter and said it is continuing to replace its entire tractor fleet. Delivery of new trucks and trade-ins is scheduled to be complete by December 2006.
Heartland Express is ranked No. 46 on the Transport Topics 100 listing of the largest U.S. and Canadian trucking companies.