Heartland Express announced 2021 was its best year since going public. Fourth-quarter results were in line with consensus.
Truckload carriers booked record gains on the sale of revenue equipment during the third quarter but the profits shouldn’t be viewed as artificial earnings.
Heartland Express beats expectations in the third quarter with the help from gains on sale.
AskWaves takes a look at gains on the sale of revenue equipment and how they play into the financial results of truckload carriers.
Heartland Express’ better than expected result was diminished by the lack of gains on equipment sales.
