Welcome to our dedicated page for Heartland Express news (Ticker: HTLD), a resource for investors and traders seeking the latest updates and insights on Heartland Express stock.
Heartland Express Inc. (HTLD) is a prominent leader in the truckload transportation industry, servicing the United States and Canada. The company specializes in asset-based transportation services within the dry van truckload market, and also offers temperature-controlled truckload services. Heartland Express is dedicated to delivering high-quality transportation solutions, making it a preferred choice for some of the most successful businesses in the world.
The company’s customer base primarily includes sectors such as consumer goods, appliances, food products, and automotive industries. These top shippers rely on Heartland Express to enhance business performance, achieve exceptional results, and add value to their transportation supply chain.
Recent achievements include the company’s consistent performance in award-winning on-time pickup and delivery services. With a state-of-the-art fleet and advanced technology, Heartland Express ensures reliable and efficient transportation for its clients. The company is well-regarded for its capacity to meet scaled commitments, leadership in shipment information transparency, and its overall contribution to improving customer satisfaction.
Heartland Express continues to drive forward with a vision to be the best in the industry by combining significant experience, cutting-edge equipment, and a dedicated team. Whether it’s enhancing fleet capacity or investing in new technologies, the company focuses on innovation and excellence to deliver superior truckload transportation services.
Heartland Express (HTLD) reported strong financial results for the three months ending March 31, 2023. The company's net income was $12.6 million with basic earnings per share of $0.16. Operating revenues surged to $330.9 million, marking an impressive 118.8% increase year-over-year. Operating income also rose to $22.9 million, while the operating ratio improved to 93.1%. Total assets reached $1.6 billion, and stockholders' equity hit a record $866.6 million. Despite challenges in the freight sector, including lower demand and pressure on rates, the company maintained its commitment to investing in its fleet and reducing debt, having paid down approximately $129 million since its acquisitions in 2022.
The Board of Directors of Heartland Express (Nasdaq: HTLD) has declared a quarterly cash dividend of $0.02 per share. This dividend will be distributed on April 7, 2023, to shareholders on record as of March 28, 2023. The anticipated total payout is approximately $1.6 million across the company's 79.0 million shares. This marks the 79th consecutive quarterly cash dividend, bringing the total cash dividends paid to $544.2 million since the program's inception in 2003.
Heartland Express, a truckload carrier based in North Liberty, Iowa, has announced that CFO Chris Strain and VP Controller Josh Helmich will participate in the Stifel 2023 Transportation & Logistics Conference on February 7, 2023. The company focuses on regional freight, providing industry-leading on-time service across the United States and Mexico. Heartland aims to support customers' strategic goals through reliable shipping solutions. For further details about their services, visit www.heartlandexpress.com.
This release includes forward-looking statements about financial measures and operations, which are subject to risks and uncertainties. Actual results may differ from expectations.
FAQ
What is the current stock price of Heartland Express (HTLD)?
What is the market cap of Heartland Express (HTLD)?
What services does Heartland Express Inc. offer?
Which industries does Heartland Express primarily serve?
What makes Heartland Express a preferred choice for top shippers?
Where is Heartland Express Inc. headquartered?
How does Heartland Express ensure the reliability of its services?
What recent financial updates has Heartland Express provided?
Who are the key executives of Heartland Express?
What is Heartland Express's approach to customer satisfaction?
What technologies does Heartland Express use to enhance its services?
How does Heartland Express contribute to the transportation supply chain?
