By: Allen Smith
Heartland Express, Inc., based out of Iowa, reported a 2% second-quarter profit earlier today. The company stated that they are seeing the worst economic downturn in its history, and commented that it: “has not seen any strong indicators of improvements in the demand for freight services that would increase our levels of business in the near future.” The company earned $17.6 million dollars for the quarter, up 2% from the $17.2 million from the same time last year.
Heartland Express is known for being a debt-free company, which is very enticing for drivers looking for a good and reputable trucking company. They ended the quarter with $205 million dollars cash-in-hand, and is still one of the few trucking companies that can lay claim to having a debt-free balance sheet.
© 2009, Allen Smith. All rights reserved.