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CRST OPENS  NEW TRAINING AND LODGING CENTER

Cedar Rapids, IA – CRST (Cedar Rapids Steel Transport) is proud to announce the opening of their new training and lodging center, which is located at the CRST complex on 16th Avenue.  The new $3 million facility is a two-story, 36,000 square foot building that includes a game room complete with pool tables, a big screen TV Room, a patio with grills, internet access, vending, laundry, and sleeping rooms with individual temperature control units.

 

In addition, the drivers have immediate access to CRST personnel to assist them with all their training, safety, and any operational needs.  All of the lodging and perks in the new facility is an added benefit to students.  Experienced drivers benefit from the new facility as well.

 

“Ongoing driver training is a top priority,” explains Mike Gannon, president of CRST Van Expedited.  “A separate technology training room allows drivers to complete continuing education safety training on computers at private work stations.”

 

The new center will host 75 to 100 drivers a day.  Many of those drivers will be participating in CRST’s company sponsored CDL-A training program at nearby Kirkwood Community College.  Although their primary focus will be in the Cedar Rapids area, CRST will continue to contract to train with other schools in the country.

Whatever your level of experience may be, there is a future for you at CRST. We are the nation’s largest team carrier, and we run the longest average length of haul and the most miles per tractor per week in the industry. To become a part of the CRST Van Expedited team, call us today, and we’ll get you on the road to your own successful and satisfying professional truck driving career! 800-980-2778 or apply online at http://www.joincrst.com.

 
       
Heartland Express
   

Monday, October 20, 2008, For Immediate Release

Heartland Express, Inc. Reports Revenues and Earnings for the Third Quarter of 2008.

NORTH LIBERTY, IOWA – October 20, 2008 – Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the quarter and nine months ended September 30, 2008.  Operating revenues for the quarter increased 15.9% to $169.9 million from $146.6 million in the third quarter of 2007.  Net income increased 9.2% to $18.7 million from $17.1 million in the 2007 period.  Earnings per share were $0.19 compared to $0.18 for the third quarter of 2007. Operating income for the quarter was favorably impacted approximately $2.4 million or $0.02 per share due to increased gains on disposal of property and equipment. 

For the nine months ended September 30, 2008, operating revenues increased 10.1% to $483.6 from $439.1 million during the same period in 2007. Net income decreased 15.0% to $50.6 million for the nine month period ended September 30, 2008 from $59.5 million in the 2007 period.  Earnings per share were $0.53 in 2008 compared to $0.61 in 2007 for the nine month period. Operating income for the nine months was negatively impacted approximately $7.9 million or $0.05 per share due to increased fuel costs, net of fuel surcharge revenue passed through to customers and approximately $6.7 million or $0.05 per share due to a reduction in gains on sales of property and equipment.    Net income for the nine month period was positively impacted approximately $2.9 million by a reduction of income tax expense due to FIN 48 adjustments or $0.03 per share.

The Company experienced a 46.5% increase in average fuel costs per gallon in the third quarter of 2008 compared to the third quarter of 2007.  The average cost of fuel during the quarter ended September 30, 2008 was $4.03 compared to $2.75 in the third quarter of 2007.  The Company experienced a 50.2% increase in average fuel costs per gallon in the nine month period ended September 30, 2008 compared to the same nine month period of 2007.  The average cost of fuel during the nine month period ended September 30, 2008 was $3.86 compared to $2.57 in the nine month period of 2007.  The Company continues to stress its fuel cost controlling initiatives.  Such initiatives include taking advantage of bulk purchases where it is cost effective to do so when compared to over-the-road purchases, reductions in tractor idle time, and controlling out-of-route non-billable miles.  All of the Company’s terminal locations have fueling capabilities. 

For the quarter, Heartland Express, Inc. posted an operating ratio (operating expenses as a percentage of operating revenues) of 83.2% and an 11.0% net margin (net income as a percentage of operating revenues) compared to 81.9% and 11.7% for the same period of 2007.  The Company reported an operating ratio of 85.7% and a 10.5% net margin for the nine months ended September 30, 2008 compared to 80.4% and 13.6% for the same period of 2007. The increased operating ratio for the nine month period was attributable to the increase in fuel costs and lower amounts of gains on disposals of property and equipment as described above.  The Company ended the third quarter with cash, cash equivalents, short-term and long-term investments of $249.0 million, a $54.1 million increase from the $194.9 million reported on December 31, 2007. The Company’s balance sheet continues to be debt-free.  

As of September 30, 2008, all of the Company’s $180.6 million long-term investments continue to be invested in auction rate student loan educational bonds backed by the U.S. government and continue to be associated with unsuccessful auctions.  The majority (96.3% of par value) of the underlying investments continue to hold AAA (or equivalent) ratings from recognized rating agencies. All of the Company’s auction rate security holdings are with financial institutions that have entered into auction rate security settlements with various regulatory authorities.  These settlements focus mostly on small institutions, as defined by the individual settlement agreements.  Although only 3.7% of our portfolio is specifically covered by these settlements, each of the settlements contained clauses that the financial institutions will use their best efforts to liquidate auction rate securities from Company’s not specifically covered by the settlements by the end of 2009.   Management continues to believe that current amounts of cash and cash equivalents along with cash flows from operations are sufficient to meet the Company’s cash flow requirements and allow the Company to hold these investments to maturity or until they can be sold for par value. The Company’s average rate of return on these investments continues to exceed the current rates of return on other AAA rated, short-term, tax free security investment options.  There were not any significant changes in fair value during the quarter ended September 30, 2008.    

Heartland Express began a tractor fleet upgrade in the third quarter.  The upgrade is expected to include the purchase of approximately 1,600 International ProStar tractors.  Delivery of tractors began during the third quarter of 2008 and will continue through 2009. The Company took delivery of 197 new tractors in the third quarter of 2008 and expects to take delivery of 378 new tractors in the fourth quarter of 2008. The Company also took delivery of 248 new Wabash trailers during the third quarter of 2008 and will purchase an additional 152 new trailers in the fourth quarter of 2008.  Management believes the Company has adequate liquidity to meet these capital requirements through cash generated from operations and existing cash and cash equivalents.

Heartland Express purchased a terminal location in Dallas, Texas during the quarter. This terminal will not only strengthen the company’s presence in the Southwest but will also complement the Company’s recent expansion to the western United States. The office and shop facility, situated on approximately seven acres of land, is located on the southeast side of Dallas on Highway 175 in Seagoville. An adjacent five acre tract of land was acquired for future expansion.  Property renovations are underway and operations are scheduled to begin in the fourth quarter of this year. The opening of this facility will mark the beginning of the Company’s tenth regional operation.

During the quarter, Heartland Express declared a regular quarterly cash dividend.  The quarterly dividend of approximately $1.9 million at the rate of $0.02 per share was paid on October 2, 2008 to shareholders of record at the close of business on September 19, 2008.  The Company has now paid cash dividends of $230.4 million over the past twenty-one consecutive quarters which includes the special dividend of $2.00 per share during the second quarter of 2007. Interest income decreased in the nine month period of 2008 compared to the same period in 2007 primarily due to a decrease in average investments balance as a result of the payment of the special dividend.

On October 14, 2008, Forbes magazine named Heartland Express one of the “Best 200 Small Companies in America.”  The Company has been recognized seventeen times during its twenty two years as a public company, and has made the list the past seven consecutive years.  The Company was recently recognized as the United Sugars’ dry van carrier of the year for the second consecutive year. In addition, the Company received Bremner Foods’ large carrier of the year, the Federal Express SmartPost national carrier of the year award and was recognized for 100% on time service by Federal Express Ground for their fiscal year 2008. Also, for the sixth consecutive year the Company received the dry van Quest for Quality award from Logistics Management. These awards exemplify the quality of service provided to our customers.       

This press release may contain statements that might be considered as forward-looking statements or predictions of future operations.  Such statements are based on management’s belief or interpretation of information currently available.  These statements and assumptions involve certain risks and uncertainties.  Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission

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Schneider National, Inc.

Schneider Logistics, Inc. Named Top Supplier by Emerson
Logistics provider’s Supply Chain Management unit earns company’s Marquee Supplier Award after less than one year of service


GREEN BAY, Wis. – November 24, 2008
Schneider Logistics, Inc., a leading global logistics provider and part of the Schneider National enterprise, has been named a Marquee Supplier by St. Louis–based Emerson, a global leader in technology and engineering. Emerson’s Marquee Supplier award, in its second year and presented at a dinner ceremony October 7, 2008, recognizes the contributions and achievements of the top 38 global suppliers in meeting Emerson’s critical production and delivery needs around the world.

Criteria for Emerson’s Marquee Supplier award include: superior quality and service; alignment with Emerson’s strategic initiatives; ability to meet the needs of multiple Emerson businesses from multiple locations around the world; willingness to integrate with Emerson’s new product development process; activity in support of lean supply chain initiatives; and senior management involvement.

“Emerson’s ability to meets its customers’ needs around the world requires business partners who share our intensity of purpose and can deliver the highest levels of quality, creativity and responsiveness,” said Emerson chief operating offer Ed Monser. “We are very pleased to recognize Schneider Logistics, Inc. for its performance on our behalf in 2008.”

Schneider Logistics’ Supply Chain Management unit provides inbound transportation planning and execution services for Emerson throughout North America. Using Schneider’s centralized logistics center and SUMIT Transportation Management system, Schneider gives Emerson increased visibility throughout their supply chain as well as metrics and key performance indicators. The information provided by this technology also assists Schneider in making strategic recommendations on how Emerson can best maximize efficiencies. Additionally, Schneider Logistics created a new Web portal specifically designed to eliminate phone calls, faxes and e-mails, thereby making the overall transportation management process more automated, efficient and customer-centric.

Schneider Logistics’ capabilities have achieved this distinctive designation less than one year into its relationship with Emerson.

“Our supply chain professionals thrive on the opportunity to design and optimize a customer’s supply chain, and being flexible and nimble when doing so,” said Bill Miller, vice president of supply chain management at Schneider. “We are very pleased that within the year we’ve been working with Emerson, our high level of service and supply chain expertise have delivered great value to their organization and have contributed to their ongoing success.”

About Schneider Logistics, Inc.
Schneider Logistics, Inc. is a provider of comprehensive logistics services to small, medium and global shippers across the globe. The company’s supply chain services include transportation management, freight brokerage, air/ocean freight forwarding, customs house brokerage, transloading and distribution, supply chain management, supply chain advisory services, and freight audit and payment (Europe).

Schneider Logistics is a subsidiary of Schneider National, a premier provider of transportation and logistics services enhancing the standard of living worldwide. The nation’s largest truckload carrier, Schneider National is headquartered in Green Bay, Wis., and has provided customers with expert transportation and logistics solutions for more than 70 years. A $3.4 billion company, Schneider National employs 22,000 transportation and logistics experts worldwide, including operations in North America, Europe and Asia.

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Cardinal Logistics
In recent months, Cardinal has been fortunate to earn several honors from various industry publications and organizations. Cardinal was recently named on the 2008 list of Global Logistics & Supply Chain Strategies 100 Great Supply Chain Partners, as an Inbound Logistics Top 100 Third-Party Logistics Provider, a recipient of the Logistics Management Quest for Quality Award and one of Food Logistics Top 50 3PL Providers.

The July issue of Global Logistics & Supply Chain Strategies included the annual list of 100 Great Supply Chain Partners and featured Cardinal’s relationship with Weyerhaeuser Co. Only about 20 of the 100 companies are profiled in depth each year. The article outlined Cardinal’s partnership with Weyerhaeuser Co. and emphasized the importance of our attention to customers’ changing needs, flexibility with resources and commitment to safety. Global Logistics & Supply Chain Strategies received more than 1,500 nominations from various companies for at least 280 vendors, and narrowed the field to 100 companies who received the most qualified nominations. Nominations were submitted voluntarily and Cardinal was described as “the carrier for specialized deliveries.”

Inbound Logistics’ selection of Cardinal as one of the Top 100 3PL Providers for 2008 marks the 8th consecutive year Cardinal has earned this honor. The service providers selected are companies that, in the opinion of Inbound Logistics editors, offer the diverse operational capabilities and experience to meet readers' unique supply chain and logistics needs. “Cardinal provides the flexible, innovative supply chain solutions that companies large and small demand,” said Felecia Stratton, Editor of Inbound Logistics. “Cardinal is responsive to customer needs, and offers strategic solutions designed to drive business process improvement and change.”

Logistics Management’s Quest for Quality Award is one of the longest standing honors in the logistics industry and Cardinal is proud to announce it received the highest score of all 3PL recipients in "Inventory Management” for the second year in a row.

For the first time ever, Cardinal also was selected as one of Food Logistics’ Top 50 3PL Providers to the Food Industry. Visit Cardinal's web site
USF Glen Moore
USF GLEN MOORE IS EXPANDING!

Our business is growing and expanding. USF Glen Moore is the TL component of YRC Worldwide – one of the largest trucking companies in North America with $9.5 Billion in freight revenue annually.

• NATIONAL DIVISION – Central Pennsylvania; Central and Northern New Jersey; Indiana; Connecticut; Rhode Island; Massachusetts; St. Louis, MO; Chicago, IL; Louisville and Lexington KY; and Ohio

• TEAM DIVISION – Central Pennsylvania; Columbus, OH; Memphis, TN; Chicago, IL; Indiana; and Southern California

• SOUTHEAST REGIONAL DIVISION – Charlotte, NC; Atlanta, GA; Knoxville, TN; Greenville/Spartanburg, SC; and Northern Alabama

• NORTHEAST REGIONAL DIVISION – Central and Eastern Pennsylvania; Connecticut; Rhode Island; Massachusetts; Central and Northern New Jersey; and Baltimore, MD

GET “MOORE” WITH USF GLEN MOORE:

• Great miles; great culture; industry competitive mileage rates
• Exceptional benefits packages – low-cost, available within 60 days of hire
• Drivers must have at least 1 year experience, a good driving record and Hazardous materials endorsement
• Solo and Team Company Driver positions only

GET “MOORE” NOW, WHILE POSITIONS ARE AVAILABLE! CALL US OR APPLY ONLINE TODAY!

Click Here for More Job Information and to Apply
 
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