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Truckload and logistics provider Werner Enterprises reported record profit for the second quarter of the year on slightly lower revenue as it continues to make progress in implementing rate increases.
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Werner Enterprises Inc. on Wednesday reported its first quarter net income increased 61% from the same time last year, while total revenue moved just 1% higher.
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Net income totaled $32.7 million while revenue increased 7% to $553.2 million. Earning per diluted share were up 49% to 45 cents.
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Werner Enterprises announced that it has hired more than 5,100 veterans in the last three years, surpassing a pledge it made in 2012 to hire 1,000 veterans per year for the next five years.
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Love's is opening a CNG station in Thomson Georgia, in part to offer a reliable place to fill up for Werner Enterprises CNG trucks operating in the area.
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According to Werner, freight market dynamics began showing year-over-year improvement for the company in mid-November 2013, and that trend has continued for the last eleven months, including the first three weeks of October.
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Trucking and logistics company Werner Enterprises saw its profit slip in the second quarter of the year despite increased revenue.
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Nebraska-based trucking and logistics company Werner Enterprises said Friday its Werner Global Logistics subsidiary has signed an agreement in principle to make an equity investment in Hercules Logistics, a logistics and asset-based transportation company headquartered in Shenzhen, China.
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Gloria Werner, one of the co-founders of the trucking company Werner Enterprises, died on May 20 at the age of 79.
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Severe weather is being blamed for another downturn in profits by one of the nation’s largest trucking companies in the first quarter of the year.
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