Heartland Express, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael J. Gerdin
- Full Time Employees
- 5,220
- Sector
- Industrials
- Industry
- Trucking
- Address
- 901 Heartland Way North Liberty IA United States of America 52317
- IPO Date
- Nov 5, 1986
- CIK
- 0000799233
- Website
- heartlandexpress.com
- Similar Companies
- Business
- Heartland Express, Inc. operates as a holding company providing short, medium, and long-haul truckload carrier and transportation services primarily across the United States, with additional operations in Mexico and Canada. The company specializes in nationwide asset-based dry van truckload services; cross-border freight and transportation services; and temperature-controlled truckload services. It offers its services under multiple brand names including Heartland Express, Millis Transfer, Smith Transport, and CFI, catering mainly to retailers, manufacturers, and parcel carriers in consumer goods, appliances, food products, and automotive industries. Heartland operates a fleet equipped with mobile communication systems and manages 31 terminal facilities across the contiguous U.S. and one in Mexico. The company was founded in 1978 and is headquartered in North Liberty, Iowa. In recent major developments, Heartland Express completed strategic acquisitions of Contract Freighters’ nondedicated truckload business and CFI Logistica operations in Mexico from TFI International for $525 million in August 2022, and Smith Transport for approximately $170 million earlier that year. These acquisitions expanded its geographic reach and service capabilities, particularly enhancing cross-border and temperature-controlled freight services. The company also completed the deployment of the ISAAC in-cab telematics solution across its legacy fleet to improve driver experience, safety, efficiency, and operational sustainability. Despite short-term operational challenges related to integration and market conditions, Heartland continues to focus on cost reductions, operating system integration, and asset utilization to improve its operating ratio and financial performance. Heartland Express primarily serves the North American trucking and logistics market, including the U.S., Canada, and Mexico. Its customer base consists mainly of retailers, manufacturers, and parcel carriers. The company's segment focus is on asset-based dry van freight as well as temperature-controlled trucking, addressing industries such as consumer goods, food products, and automotive sectors. It manages operations through subsidiaries including Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc., Midwest Holding Group, LLC, Millis Transfer, LLC, and Smith Transport, Inc. The company employs over 5,200 people and remains committed to driver satisfaction and operational excellence within the industrial transportation sector.
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