Heartland Express, Inc. Public Offering Prices

    CORALVILLE, Iowa--Jan. 18, 2002--Heartland Express, Inc. announced that a public offering of three million shares of its common stock by Russell A. Gerdin and the Gerdin Charitable Foundation has been priced at $30.75 per share, before underwriting discounts. Mr. Gerdin is the Chief Executive Officer and principal stockholder of the Company.
    Mr. Gerdin also has granted the underwriters a 30-day option to purchase up to 450,000 shares of common stock to cover over-allotments.
    This is not an offer to sell any securities or the solicitation of an offer to purchase any securities. There shall not be any offers, solicitations, or sales of these securities in any jurisdiction in which an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
    A registration statement relating to the offering of Heartland common stock has been filed with and has been declared effective by the Securities and Exchange Commission. A free copy of the final prospectus related to the offering may be obtained by contacting Bear, Stearns & Co. Inc. at 245 Park Avenue, New York, NY 10167, 212/272-2000, or Deutsche Banc Alex. Brown at 280 Park Avenue - 9th Floor, New York, NY 10017, 212/454-6500.
    This press release may contain statements that might be considered forward-looking statements of 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.