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FedEx Corp. cut much, but not all, of its second quarter losses compared to a year earlier, while a preview of Werner Enterprises Inc. second quarter earnings sent heartburn throughout trucking and Wall Street amid concerns about second quarter trucking profits.
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Werner Enterprises has promoted Derek J. Leathers chief executive officer as part of a series of planned transitions in executive management.
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UPDATED – Three large publicly held trucking fleets reported first quarter earnings on Wednesday with all showing a decline in profits from a year earlier.
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UPDATED -- Truck and engine manufacturer Paccar on Friday reported record annual revenue of $19.12 billion and record net income of $1.60 billion for 2015, but fell short of analysts’ expectations in the final quarter of the year.
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Truckload and logistics provider Werner Enterprises is increasing pay for its 48-state solo-van company drivers, effective Jan. 1, 2016, the company has announced.
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Transportation and logistics provider, Werner Enterprises, announced the largest owner-operator per-mile increase in pay in company history.
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Two large trucking fleets reported big increases in profits for the third quarter of the year. A fleet management and related services conglomerate also saw a hike, but things slipped for a niche trucking provider.
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Werner Enterprises is extending its Professional Truck Driver Apprenticeship Program from 12 to 24 months, after getting approval from the Department of Veteran Affairs.
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Werner Enterprises announced it will groom President and Chief Operating Officer Derek Leathers for an even larger role in the company, setting the stage for a non-family member to potentially take the helm for the first time since it was founded by C.L. Werner in 1956.
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C.L. Werner was elected chairman of the carrier he founded, Werner Enterprises, after Gary Werner stepped down.
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