Werner Revenues, Profits Up in 2nd Quarter
Truckload carrier Werner Enterprises Inc. reported improved operating revenues and earnings for the second quarter ended June 30, 2005
Truckload carrier Werner Enterprises Inc. reported improved operating revenues and earnings for the second quarter ended June 30, 2005.
Operating revenues increased 18% to $485.8 million compared to $411.1 million in second quarter 2004. Net income increased 17% to $25.3 million compared to $21.6 million in second quarter 2004. Earnings per share for second quarter 2005 were $.31 per share, or 17% higher than the $.27 per share earned in second quarter 2004.
"Solid freight demand, our continued emphasis on strong partner customer relationships, and effective cost management contributed to our positive financial results," said Chairman and Chief Executive Officer, Clarence (C.L.) Werner. "Thanks to the combined efforts of the outstanding men and women of Werner Enterprises, we achieved our fifteenth consecutive quarter of improved year-over-year earnings."
For most of second quarter 2005, freight demand exceeded available truck capacity. The company experienced anticipated seasonal improvement in demand from April to June. However, freight demand during second quarter 2005 was not as strong as the abnormally strong freight market of second quarter 2004.
For more information on Werner, go to www.werner.com.
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