Why did Hartland Express's operating profit plummet in Q2 2024?

Hartland Express's operating profit declined significantly in Q2 2024 compared to the previous quarter, primarily due to a substantial decrease in gross margin and operating margin. The company's revenue by business segment shows that the majority of the revenue comes from rental income, with smaller contributions from interest and other operating income. The decline in gross margin and operating margin suggests that the cost of operations increased or the company's efficiency in generating income from its operations decreased.

Furthermore, the negative net margin indicates that the company's expenses exceeded its revenues during the quarter, resulting in a net loss. This decline in financial performance could be due to various factors such as increased operational costs, inefficient management, or market conditions affecting the demand for their services.

In conclusion, Hartland Express's operating profit plummeted in Q2 2024 due to a combination of decreased gross margin, operating margin, and negative net margin. The company needs to address these issues by optimizing its operations, managing costs effectively, and adapting to the market conditions to improve its financial performance in the future.