Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Earnings Watch: Heartland Express Annual Profit Swells to $75 Million

Trucking company Heartland Express Inc. on Monday reported higher profits for the final quarter of 2017 and for all of last year, but that was not enough to move its operating income higher.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
February 12, 2018
Earnings Watch: Heartland Express Annual Profit Swells to $75 Million

 

2 min to read


Trucking company Heartland Express Inc. on Monday reported higher profits for the final quarter of 2017 and for all of last year, but that was not enough to move its operating income higher.

Net income totaled $38.6 million for the quarter, compared to $13.1 million a year earlier. This includes a $32.8 million deferred income tax benefit resulting from federal tax legislation passed and signed into law late last year. Earnings per share were 46 cents during the most recent quarter, compared 16 cents per share in the fourth quarter of 2016.

Ad Loading...

Total revenues were $165.7 million, compared to $140 million in the fourth quarter of 2016. 

Operating income for the three-month period ended Dec. 31, 2017 decreased $11 million to $9.9 million compared to the same period in 2016. This was primarily due to the negative affect from the consolidation of Interstate Distributor Co. financial results, a company Heartland acquired in July 2017, as well as lower miles driven across the legacy operations of the company, Heartland said.

“During the fourth quarter we continued to build off our initial transitions and operational integrations of IDC by focusing on operational investments and decisions that resulted in short-term increased operating expense,” said Heartland Express CEO Michael Gerdin. “This also required current and future cash investments which we feel will reward us in long-term operational improvements.”

Ad Loading...

For all of 2017, Heartland recorded net income of $75.2 million, compared to $56.4 million in 2016. Earnings per share were 90 cents compared to 68 cents a year earlier.  

Total revenue was $607.3 million, compared to $612.9 million in 2016.

Operating income for the 12-month period dropped $22 million to $63.5 million, mainly as a result of the negative financial impacts following the acquisition of IDC as well as fewer miles driven, according to the company.

More Fleet Management

A monitor with a bar graph with a person sitting next to it wearing a headset.
SponsoredSeptember 1, 2026

How Telematics Improves Visibility, Control, and Performance in Refrigerated Fleets

Explore how telematics help refrigerated fleets improve visibility, uptime, efficiency, compliance, and cargo protection across connected cold chain operations.

Read More →
Graphic with U.S. and Canadian flags over background illustration of an ink-stamp that says Tariffs.
Equipmentby Deborah LockridgeAugust 24, 2026

What the U.S.-Canada Trade War Means for Trucking

Escalating U.S.-Canada tariffs could disrupt cross-border freight, reduce truck volumes, raise costs, and create new uncertainty for carriers on both sides of the border.

Read More →
Fleet Managementby News/Media ReleaseAugust 24, 2026

What Are Trucking’s Top Concerns for 2026?

The American Transportation Research Institute wants to know what's worrying trucking fleet managers, drivers, and other stakeholders in its annual Industry Issues survey.

Read More →
Ad Loading...
Four men in suits on the National Mall with giant video screen showing capitol building in the background
Fleet Managementby Deborah LockridgeAugust 24, 2026

American Trucking Associations Looks for a New Leader

ATA President and CEO Chris Spear abruptly left his job at the association on August 21, at a pivotal time for the trucking industry.

Read More →
The Cyber Stop column header with photo of a smiling driver in truck with a laptop and a wi-fi icon
Fleet ManagementAugust 21, 2026

Public Wi-Fi Cybersecurity Risks: How Truck Drivers and Fleets Can Protect Their Data

Public Wi-Fi can expose truck drivers and fleets to credential theft, malware, and other cyber threats. Here’s how to reduce the risk on the road.

Read More →
Woman in white blazer superimposed on background showing a row of Fraley & Schilling truck, plus the HDT Truck Fleet Innovators 2026 logo
Fleet Managementby Deborah LockridgeAugust 19, 2026

For Nicky Cupp, Fleet Innovation Starts With Frustration

HDT Truck Fleet Innovator Nicky Cupp turns everyday pain points at Fraley & Schilling into opportunities for better technology and smarter processes.

Read More →
Ad Loading...
Headshot of Adam Buttgenbach with a Pepsi-branded Tesla Semi in the background
Fleet Managementby Deborah LockridgeAugust 18, 2026

Adam Buttgenbach’s Approach to Electric Trucks: Start With Where They Fit

HDT Truck Fleet Innovator Adam Buttgenbach helped PepsiCo build one of North America’s largest EV fleets by focusing on where electric trucks make operational sense.

Read More →
Deen Albert in collared shirt superimposed on background showing a Grand Island Express blue tractor pulling a trailer, plus the HDT Truck Fleet Innovators 2026 logo
Fleet Managementby Deborah LockridgeAugust 17, 2026

Deen Albert: Let Automation Do the Math, People Make the Decisions

HDT Truck Fleet Innovator Deen Albert makes sure people are still at the heart of operations at Grand Island Express, even while adopting artificial intelligence tools. AI-assisted dispatch helped boost revenue 25% with the same number of trucks.

Read More →
Illustration of computer screen with Trimble Arc Agent screen
Fleet Managementby Deborah LockridgeAugust 14, 2026

Trimble’s New AI Agent Takes Aim at Fleet Back-Office Busywork

Arc Agent works across Trimble TMS products to automate repetitive tasks such as freight orders, maintenance, invoices, fuel costs and more.

Read More →
Ad Loading...
Photos of three men and two women with HDT Truck Fleet Innovators 2026 logo
Fleet ManagementCover Storyby Deborah LockridgeAugust 13, 2026

How HDT’s 2026 Truck Fleet Innovators Are Rethinking Fleet Operations

Meet five trucking leaders who are challenging assumptions, solving operational problems, and putting innovative ideas to work.

Read More →