Heartland Express posts record annual revenue

Discussion in 'Heartland' started by EZX1100, Feb 8, 2015.

  1. EZX1100

    EZX1100 Road Train Member

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    http://thegazette.com/subject/news/heartland-express-earnings-helped-by-lower-fuel-costs-20150204

    Declining fuel prices and a strong demand for truckload freight services helped Heartland Express post sharply higher fourth-quarter and annual profit and operating revenue.


    The North Liberty-based company reported fourth-quarter net income of $21.5 million, or 25 cents per share, up 36 percent from $15.8 million, or 18 cents per share, in the final quarter of 2013. Fourth-quarter operating revenue rose 10.7 percent to $203 million from $183.3 million in the fourth quarter of 2013.


    Fuel costs dropped from $51.4 million in the fourth quarter of 2013 to $43.3 million in the same period of 2014.


    For all of 2014, Heartland Express posted net income of $84.8 million, or 97 cents per share, up 20.2 percent from $70.6 million, or 83 cents per share, in 2013. The company reported record operating revenue of $871.4 million in 2014, a 49.7 percent increase from $582.3 million in 2013.


    With the acquisition of Gordon Trucking in November 2013, Heartland Express expanded its service area from predominantly east of the Rockies to a coast-to-coast operation.


    The expanded capacity network and customer base has allowed Heartland Express to become more diversified, the company said. No customer accounted for more than approximately 8.5 percent of the company’s total operating revenue in 2014. Heartland Express took delivery of 462 new trucks during the fourth quarter, with the average age of its fleet at two years. Approximately 1,500 new trucks are scheduled to be received during this yearThe estimated average age of the company’s tractor fleet at the end of 2015 will be approximately 1.3 years.


    Heartland Express said the average age of its trailer fleet was 4.4 years at the end of 2014, compared with 4.6 years on Dec. 31, 2013. The company said it plans to continue taking advantage of a favorable used trailer market.
     
  2. Victor_V

    Victor_V Road Train Member

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    HTLD (Heartland/GTI) issued a press release last week in advance of the full end-of-year quarterly report due any day now.

    Full press release here http://secfilings.nasdaq.com/filing...PRESS+INC&FormType=8-K&RcvdDate=2/4/2015&pdf=

    Claims driver pay increased 10% on average.

    So as big as Wal-Mart is with Gordon, it's not so big for HTLD/GTI...
     
    Last edited: Feb 8, 2015
  3. Victor_V

    Victor_V Road Train Member

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    Also...

    A few awards to accompany other bragging rights.
     
  4. tow614

    tow614 Road Train Member

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    Of all the drivers i knew at gti...only 1 remains and he would be quitting were it not for insurance
     
  5. joseph1135

    joseph1135 Papa Murphy

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    I've heard from some GTI diehards that the miles have gone down, they're being forced to shut down in weather they can drive in and that the temp control fleet is practically gone, as I predicted, they're not replacing the reefers. Let's see what happens with the heavy haul fleet, but I honestly see that going away as well. Looks like Haney will be picking up some new freight. We've picked up some GTI reefer work as well.
     
  6. Victor_V

    Victor_V Road Train Member

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    Maybe so. HTLD/GTI seems to be doing fine just the same. Stock's at $24.89. Was $11 and change before the acquisition Nov. 11, 2013. I think Gerdin has almost 26 million or so shares left himself.

    Down from a smidge under 29 million on June 30, 2014 after non-market transfers to a daughter, if I recall. Not sure.

    Insider's report http://www.nasdaq.com/symbol/htld/insider-trades

    Gerdin's remaining 26 million shares, by increasing $13/share, bumped him up a cool $338,000,000. So, yeah, he's doing fine.
     
    Last edited: Feb 8, 2015
  7. tow614

    tow614 Road Train Member

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    Corporate profits do not make it a good company....monsanto comes to mind
     
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  8. joseph1135

    joseph1135 Papa Murphy

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    Heartland remains a scumbag company. They've bought up GTI and are turning that into a scumbag operation too. Let Heartless take in millions and constantly #### the drivers. So glad not to be a part of that pile of garbage they call a company.
     
  9. Victor_V

    Victor_V Road Train Member

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    If I had a nickel for every driver (myself included) who thinks his last outfit was a scumbag outfit, well, don't count on me coming in tomorrow!!

    Here's a comparison from a dividends standpoint between JBH, Ryder, Con-way, HTLD (Heartland/GTI) and Werner http://seekingalpha.com/article/2878986-rolling-down-the-dividend-highway.

    Article has some interesting facts about the industry, too.
     
    Last edited: Feb 9, 2015
  10. joseph1135

    joseph1135 Papa Murphy

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    They're a scumbag outfit and you creep me out with the ongoing obsession and analysis of a company you drove for 5 minutes. They treat their drivers like #### and pretend they're doing them a favor.
     
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