Heartland Express on Thursday, Jan. 25, announced financial results for the quarter and year ended Dec. 31. Operating revenue for the quarter increased 4.8 percent to $146.8 million from $140.1 million in the fourth quarter of 2005. Net income decreased 9.2 percent to $19.6 million from $21.6 million in the 2005 period.
For the year ended Dec. 31, operating revenue increased 9.2 percent to $571.9 from $523.8 during the same period in 2005. Net income increased 21.2 percent to $87.2 million from $71.9 million in the 2005 period.
The Coralville, Iowa-based company said gains on disposal of revenue equipment decreased to $0.6 million in the fourth quarter of 2006 compared to $5.8 million in the fourth quarter of 2005, primarily due to fewer trade-ins of equipment.
