Heartland to rebrand Missouri trucking company...

Has Heartland Express finally become profitable? Last I heard, which was a while back, they had posted a loss for something like seven or eight quarters in a row.

 

Would it be an upgrade to go to Millis or Smith? My curiosity looms........

 

Wow.

What a toilet flush.

 

It was stated that Heartland and Millis have been profitable, Smith just returned to profitability with losses attributed to CFI. Overall operating ratio for the group is 103% for third quarter compared to 105% for the first nine months. (For every $100 income, they spend $103)

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Crazy business - I remember this back in 2008 - Operating ratios were way out of whack.

It's similar to the average family these days - Spend the paycheck and add 5% onto a credit card in the hopes you can pay it later.

 

How can a company be profitable when it's running an OR above 99%?

edit: And they're doing a stock buyback when they really need to be cutting costs. smh...

 

I remember when I was running the Heartland Express Texas only Sams Club fleet. Great job. We moved back to Commiefornia and I went to work for Gordon. Four months later I was back in a Heartland Express truck and Gordon was no more.

 

Wasn't CFI and Transport America merged together a while ago? What happened to T.A. Was T.A. part of W-TFI too?