Federal rules on driver instructor background requirements are hampering carriers’ ability to staff trainers, according to companies.
Heartland Express’ financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than weaker market fundamentals.
Heartland Express continues to perform. The carrier posts another solid quarter in the face of a “softer” environment.
Heartland Express once again uses its strong financial position to acquire. The carrier has a pattern of building cash balances and finding accretive tuck-in deals.
Heartland Express has acquired Millis Transfer for approximately $150 million.
