Werner’s Third-Quarter Earnings Improve
Werner Enterprises’ third-quarter earnings rose 22%, despite higher fuel costs.
Net income rose to $29.6 million, or 40 cents per share, from $24.2 million, or 33 cents, a year ago.
Revenue rose 10% to $509.6 million, the truckload carrier said late Tuesday.
Werner said the federal Compliance, Safety, Accountability program and proposed changes to hours-of-service rules and use of electronic onboard recorders that will occur over the next few years represent “the most significant safety regulatory changes in our 55-year history” and that the changes “are expected to reduce, or have the effect of reducing, industry capacity.”
Werner Enterprises is ranked No. 11 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
