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Heartland Express Reports Quarterly Profit

Jul
14,
2009
0

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.

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By: Allen Smith

Allen Smith is a 37 year veteran who started at an early age in a household goods family moving business. He began driving straight trucks in 1977 and moved to the big rigs in 1982. His experience within the industry includes; owner operator, company driver, operations manager, and owner of a long distance HHG moving business, taking many of the long haul moves himself when needed. Allen Smith, a truck driver advocate who is driven by the desire to help others succeed within an industry where injustice, unrewarded sacrifice, and lack of respect and recognition exists. Allen and his wife Donna are hosts of Truth About Trucking ”Live” on Blog Talk Radio. Other websites include AskTheTrucker, TruckingSocialMedia, NorthAmericanTruckingALerts, TruthAboutTrucking, and many Social Media websites. In 2011 Allen and Donna hosted the first Truck Driver Social Media Convention, designed to create unity and solutions for the trucking industry. This is now being extended through the North American Trucking Alerts network as those within the industry join forces for the betterment of the industry. Allen strongly supports other industry advocates who are also stepping up to the plate to help those who share honesty, guidance and direction. He believes that all those involved in trucking need to be accountable for their part within the industry, including drivers, carriers, brokers, shippers, receivers, etc… The list of supporters and likeminded people grow daily, networking together and sharing thoughts and ideas for the betterment of trucking. He has coined the popular phrase "Raising the standards of the trucking industry"

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