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Earnings Watch: Heartland Profit Drops, Patriot Moves Higher

Earnings for the trucking company Heartland Express Inc. (NASDAQ: HTLD) declined in both the final quarter of 2015 and all of last year due to less business while Patriot Transportation Holding Inc. (NASDAQ: PATI) saw an improvement due in large part to a legal settlement.

Florida CDL Scammer Pleads Guilty

Ellariy Medvednik pleaded guilty to her role in a Florida CDL fraud scheme that may have illegally obtained licences for as many as 600 people.

Patriot Transportation Reports Slight First Quarter Loss

According to the Florida-based company this was the result of an “intangible asset impairment charge” of just over $2 million, with an with an after tax impact to net income of $1.265 million, relating to its November 2013 purchase of Pipeline Transportation.

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