HTLD Stock Recent News

Heartland Express, Inc. made two large deals last summer which transformed the business. Sales doubled practically overnight as margins took a beating, due to addition of lower margin activities and a slowdown in the sector. I am cautiously upbeat here, still taking a wait-and-see approach at this point in time.

NORTH LIBERTY, Iowa, May 31, 2023 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD ) announced that members of management will participate at the 2023 UBS Global Industrials and Transportation Conference on Wednesday, June 7, 2023 at 8:00 am (eastern time).

Truckload carrier Heartland Express expects the current freight environment marked by soft demand and rate pressure to last another one to two quarters. Heartland (NASDAQ: HTLD) reported first-quarter earnings per share of 16 cents late Thursday, a 2-cent miss, according to Seeking Alpha.

Heartland saw weaker operating earnings in the fourth quarter, with the business pressured by weaker freight demand, a weaker market for used equipment, and the inclusion of less-efficient acquired businesses. Trucking continues to correct, with spot rates down over 20% on weak freight demand and still-abundant capacity.

Truckload carrier Heartland Express reported only a slight increase in operating income for the fourth quarter despite making acquisitions that doubled the size of the company. Compared to the year-ago quarter Heartland's (NASDAQ: HTLD) consolidated revenue increased 140% with adjusted operating income moving just 2% higher.

NORTH LIBERTY, Iowa, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD) announced that on Tuesday, February 7, 2023, Chris Strain, Chief Financial Officer, and Josh Helmich, Vice President, Controller, and Corporate Secretary will participate in the Stifel 2023 Transportation & Logistics Conference.

Heartland Express, Inc. maintains stable performance amidst market volatility. The company outperforms the market with its above-peer-average revenue growth and margins.

Heartland posted mixed third quarter results, with better revenue and weaker operating ratio than expected, but in-line EPS. Management acknowledged signs of weakness in the freight market, but believes they will still see single-digit contract price increases in 2023, as well as expense synergies from recent M&A.

NORTH LIBERTY, Iowa, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD) announced today that on Tuesday, November 8, 2022, Mike Gerdin, Chief Executive Officer and Chris Strain, Chief Financial Officer, will present at Baird's 2022 Global Industrial Conference at 9:40 am (central time).

As the stock market correction deepens, trucking stocks like Covenant, Marten, Heartland Express and Knight-Swift are holding up well. The post Trucking Stocks Race Up Rankings As Stock Market Correction Deepens appeared first on Investor's Business Daily.